Franklin Disruptive Commerce ETF Forecast
Franklin Disruptive Commerce ETF price down 0% on Friday
(Updated on May 17, 2024)
No changes to the price of Franklin Disruptive Commerce ETF on the last trading day (Friday, 17th May 2024). During the last trading day the ETF fluctuated 0% from a day low at $31.05 to a day high of $31.05. The price has risen in 5 of the last 10 days and is up by 0.8% over the past 2 weeks.
The ETF lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -4.13% during the next 3 months and, with a 90% probability hold a price between $28.44 and $30.47 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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BUYZ Signals & Forecast
The Franklin Disruptive Commerce ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $30.86 and $30.98. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Thursday, May 16, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Wednesday, May 01, 2024 and based on theory for this formation the price should go up by 0.490% to $31.20 within 4 trading days since signal was issued (Monday, May 20, 2024).
Support, Risk & Stop-loss for Franklin Disruptive Commerce ETF
Franklin Disruptive Commerce finds support from accumulated volume at $30.97 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the ETF tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.453%
Our recommended stop-loss: $29.84 (-3.88%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (BUYZ) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Franklin Disruptive Commerce ETF to open at $31.05, and during the day (based on 14 day Average True Range), to move between $30.76 and $31.34, which gives a possible trading interval of +/-$0.290 (+/-0.93%) up or down from last closing price. If Franklin Disruptive Commerce ETF takes out the full calculated possible swing range there will be an estimated 1.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $30.97 (0.25%) than the resistance at $31.55 (1.62%), 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 Disruptive Commerce ETF ETF A Buy?
Franklin Disruptive Commerce 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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Franklin Disruptive Commerce ETF of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $31.05 ( 0%) | $31.05 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BUYZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 31.05 | . | |
| R2 | 31.05 | . | ||
| R1 | 31.05 | . | ||
| Current price: | 31.05 | |||
| Support | S1 | 31.05 | . | |
| S2 | 31.05 | . | ||
| S3 | 31.05 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 31.97 | 2.98 % | |
| R2 | 31.92 | 2.81 % | ||
| R1 | 31.55 | 1.62 % | ||
| Current price | 31.05 | |||
| Support | S1 | 30.97 | -0.245% | |
| S2 | 30.77 | -0.91% | ||
| S3 | 30.21 | -2.70% |
BUYZ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 10, 2021 | Dec 13, 2021 | Dec 21, 2021 | $0.318 | 0.774% |
FAQ
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