The Greedy Trader Weekly Analysis
Sign In May 25, 2018
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Number of records: 15
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Downtrend Broken Resistance
Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.
Technical analysis of stock trend chart following long term trend analysis and trend following indicator for broken resistance trend trading. Stock trend analysis and broken resistance trend following indicators.
trend trading,trend following,stock trend chart,technical analysis of stock trend,trend following indicator,following long term trend,Broken Resistance
Franklin Resources
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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are oversold
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtThe price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a second consecutive positive week for the Franklin Resources (BEN). During the week, the BEN gained 0.85 points, or 2.56%, and closed at 34.11 on Friday, May 18, 2018. BEN was trading at average weekly trading volume.

Long-term trend: [See BEN long-term trend chart]
A long-term uptrend had started on June 27, 2016 at 30.56 and reached 47.65 on July 26, 2017. BEN gained -17.09 points, or -55.92%, in 56 weeks. The price is now at the 79.23% retracement level.

Medium-term trend: [See BEN medium-term trend chart]
A medium-term downtrend had started on January 24, 2018 at 45.96 and reached 31.67 on May 3, 2018. BEN lost 14.29 points, or 31.09%, in 14 weeks. The price is now at the 17.07% retracement level.

Weekly Technical Indicators: [See BEN weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is below its signal line since February 2, 2018. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See BEN short-term trend chart]
A short-term uptrend had started on May 9, 2018 at 32.19 and reached 34.31 on May 17, 2018. BEN gained -2.12 points, or -6.59%, in 8 days. The price is now at the 9.43% retracement level.

Daily Technical Indicators: [See BEN daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic.

The daily MACD line is above its signal line since April 13, 2018. This is an indication that the short-term trend is up.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.71
Williams' Percentage Range (W%R) 18.40
Overbought
Lane's Stochastic (%D-Slow) 89.60
Overbought
Greed/Fear Indicator (GFI) 75.31
Moving Average Converg./Diverg. (MACD) -0.47
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.72
Williams' Percentage Range (W%R) 83.80
Oversold
Lane's Stochastic (%D-Slow) 17.69
Oversold
Greed/Fear Indicator (GFI) 25.42
Moving Average Converg./Diverg. (MACD) -2.01
Trading Signals
Description Value Chart
50 Day Moving Average 34.84
Upper Bollinger Band 34.66
Price 34.11
Daily Stochastic Crossing 34.05
20 Day Moving Average 33.40
Parabolic System 33.32
Weekly Stochastic Crossing 32.84
Lower Bollinger Band 32.65
Sector and Industry
Description Name Rank
Sector Financial 5
Industry Asset Management 24
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 32.19
Low Date 05/09/2018
High 34.31
High Date 05/17/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 31.67
Low Date 05/03/2018
High 34.31
High Date 05/17/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 45.96
High Date 01/24/2018
Low 31.67
Low Date 05/03/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 47.65
High Date 07/26/2017
Low 31.67
Low Date 05/03/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 30.56
Low Date 06/27/2016
High 47.65
High Date 07/26/2017
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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