The Greedy Trader Weekly Analysis
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Monthly Price vs. Fibonacci:Near 61.8% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 4/19/2024 -
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Franklin Resources (BEN) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend support lineBroken trend support line
Daily :Broken trend support lineWilliams' Percentage Range and Lane's Stochastic are oversold
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It was the negative week for the Franklin Resources (BEN). During the week, the BEN dropped -0.26 points, or -1.02%, and closed at 25.15 on Friday, April 19, 2024. Weekly volume was 35% above average.

BEN is a member of Financials Sector. Financials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See BEN long-term trend chart]
A long-term uptrend had started on October 31, 2023 at 21.88 and reached 30.32 on December 27, 2023. BEN gained -8.44 points, or -38.57%, in 8 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (28.78) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. BEN may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.

Medium-term trend: [See BEN medium-term trend chart]
A medium-term downtrend had started on December 27, 2023 at 30.32 and reached 24.40 on April 16, 2024. BEN lost 5.92 points, or 19.53%, in 15 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend support line (27.03) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See BEN weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since March 28, 2024. 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 downtrend had started on March 12, 2024 at 28.61 and reached 24.40 on April 16, 2024. BEN lost 4.21 points, or 14.72%, in 35 days. The chart has formed a Symmetric Triangle chart pattern. The downtrend support line (26.99) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a short-term trend.

Daily Technical Indicators: [See BEN daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily 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 daily MACD line is below its signal line since April 3, 2024. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 24.11
Williams' Percentage Range (W%R) 81.90
Oversold
Lane's Stochastic (%D-Slow) 13.90
Oversold
Greed/Fear Indicator (GFI) 18.71
Oversold
Moving Average Converg./Diverg. (MACD) -0.43
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 30.81
Williams' Percentage Range (W%R) 74.50
Lane's Stochastic (%D-Slow) 36.80
Greed/Fear Indicator (GFI) 35.98
Moving Average Converg./Diverg. (MACD) 0.34
Trading Signals
Description Value Chart
Quarterly Trendline Support 28.78
Upper Bollinger Band 28.46
Quarterly Trendline Resistance 27.70
Monthly Trendline Resistance 27.66
Weekly Trendline Resistance 27.21
50 Day Moving Average 27.03
Monthly Trendline Support 27.03
Weekly Trendline Support 26.99
20 Day Moving Average 26.58
Weekly Stochastic Crossing 25.89
Parabolic System 25.86
Price 25.15
Daily Stochastic Crossing 24.83
Lower Bollinger Band 24.03
Sector and Industry
Description Name Rank
Sector Financials 9
Industry Asset Management & Custody Banks 58
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 28.15
High Date 03/28/2024
Low 24.40
Low Date 04/16/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 27.21
Support 26.99
High 28.61
High Date 03/12/2024
Low 24.40
Low Date 04/16/2024
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 27.66
Support 27.03
High 30.32
High Date 12/27/2023
Low 24.40
Low Date 04/16/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 27.70
Support 28.78
Low 21.88
Low Date 10/31/2023
High 30.32
High Date 12/27/2023
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 20.24
Low Date 10/13/2022
High 34.37
High Date 02/02/2023
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.