RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of BEN
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Franklin Resources Inc stock upgraded to Hold/Accumulate.
(Updated on Mar 27, 2024)

Hold candidate since Mar 27, 2024 PDF

The Franklin Resources Inc stock price gained 2.22% on the last trading day (Wednesday, 27th Mar 2024), rising from $27.03 to $27.63. During the last trading day the stock fluctuated 2.71% from a day low at $26.92 to a day high of $27.65. The price has fallen in 6 of the last 10 days and is down by -0.68% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately $146.86 million.

The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $28.12 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -4.76% during the next 3 months and, with a 90% probability hold a price between $24.40 and $26.78 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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BEN Signals & Forecast

The Franklin Resources Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $27.37 and $27.32. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, March 11, 2024, and so far it has fallen -2.71%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Franklin Resources Inc stock

Franklin Resources Inc finds support from accumulated volume at $27.51 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.730 between high and low, or 2.71%. For the last week the stock has had daily average volatility of 2.18%.

Our recommended stop-loss: $26.38 (-4.51%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)

Trading Expectations (BEN) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Franklin Resources Inc to open at $27.40, and during the day (based on 14 day Average True Range), to move between $27.03 and $28.23, which gives a possible trading interval of +/-$0.602 (+/-2.18%) up or down from last closing price. If Franklin Resources Inc takes out the full calculated possible swing range there will be an estimated 4.36% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $27.51 (0.43%) than the resistance at $27.85 (0.80%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Franklin Resources Inc stock A Buy?

Franklin Resources Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.185 Hold/Accumulate Upgraded

Predicted Opening Price for Franklin Resources Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$27.40 ( 0.83%) $27.63

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for BEN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 28.13 1.81 %
R2 27.85 0.80 %
R1 27.68 0.177 %
Current price: 27.63
Support S1 27.12 -1.84 %
S2 26.95 -2.47 %
S3 26.67 -3.47 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 28.80 4.23 %
R2 28.40 2.79 %
R1 27.85 0.796 %
Current price 27.63
Support S1 27.51 -0.434%
S2 27.37 -0.94%
S3 26.31 -4.78%

BEN Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 27, 2024 Mar 27, 2024 Apr 12, 2024 $0.310 1.12%
2 Jan 02, 2024 Jan 02, 2024 Jan 12, 2024 $0.310 1.09%
3 Sep 06, 2023 Sep 28, 2023 Oct 13, 2023 $0.300 1.32%
4 Jun 08, 2023 Jun 29, 2023 Jul 14, 2023 $0.300 1.05%
5 Feb 07, 2023 Mar 30, 2023 Apr 14, 2023 $0.300 1.12%

FAQ

What is the symbol for Franklin Resources Inc Stock and on which exchange is it traded?
The symbol for Franklin Resources Inc is BEN and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Franklin Resources Inc Stock?
Franklin Resources Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Franklin Resources Inc Stock?
Franklin Resources Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Franklin Resources Inc Stock.

What's the current price of Franklin Resources Inc Stock?
As of the end of day on the 2024-03-27, the price of an Franklin Resources Inc (BEN) share was $27.63.

What is the 52-week high and low for Franklin Resources Inc Stock?
The 52-week high for Franklin Resources Inc Stock is $30.32 and the 52-week low is $21.88.

What is the market capitalization of Franklin Resources Inc Stock?
As of the 2024-03-27, the market capitalization of Franklin Resources Inc is 14.549B.

When is the next earnings date for Franklin Resources Inc?
The upcoming earnings date for Franklin Resources Inc is May 06, 2024.
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About Franklin Resources Inc

Franklin Resources Franklin Resources, Inc. is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It launches equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries. The firm invests in the public equity, fixed income, and alternative markets. Franklin Resources, Inc. was founded in 1947 and is based in San M... BEN Profile

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