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 FELE
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Franklin Electric Co. stock upgraded to Strong Buy Candidate.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Feb 06, 2024 Gain 11.01% PDF

The Franklin Electric Co. stock price gained 1.39% on the last trading day (Wednesday, 27th Mar 2024), rising from $105.18 to $106.64. During the last trading day the stock fluctuated 1.17% from a day low at $105.90 to a day high of $107.14. The price has risen in 6 of the last 10 days and is up by 5.26% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 136 thousand shares were bought and sold for approximately $14.47 million.

The stock has broken the narrow and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $106.14, a level that may pose a second chance to hit a runner. According to fan-theory $110.74 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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FELE Signals & Forecast

The Franklin Electric Co. 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 $104.53 and $101.33. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 13, 2024, and so far it has risen 11.56%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Franklin Electric Co. stock

Franklin Electric Co. finds support from accumulated volume at $103.96 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 $1.24 between high and low, or 1.17%. For the last week the stock has had daily average volatility of 1.70%.

Our recommended stop-loss: $102.78 (-3.62%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 30 days ago.)

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

For the upcoming trading day on Thursday, 28th we expect Franklin Electric Co. to open at $106.56, and during the day (based on 14 day Average True Range), to move between $104.81 and $108.47, which gives a possible trading interval of +/-$1.83 (+/-1.72%) up or down from last closing price. If Franklin Electric Co. takes out the full calculated possible swing range there will be an estimated 3.43% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $103.96, some $2.68 (2.51%) from the current price of $106.64, our system finds the risk reward attractive.

Is Franklin Electric Co. stock A Buy?

Franklin Electric Co. holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 6.744 Strong Buy Candidate Upgraded

Predicted Opening Price for Franklin Electric Co. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$106.56 ( 0.0750%) $106.64

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

Trading levels for FELE

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 107.80 1.09 %
R2 107.33 0.644 %
R1 107.03 0.369 %
Current price: 106.64
Support S1 106.09 -0.519 %
S2 105.79 -0.794 %
S3 105.32 -1.24 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 106.64
Support S1 103.96 -2.51%
S2 100.28 -5.96%
S3 99.12 -7.05%

FELE Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 31, 2024 Jan 31, 2024 Feb 15, 2024 $0.250 0.249%
2 Oct 23, 2023 Nov 01, 2023 Nov 16, 2023 $0.225 0.253%
3 Jul 24, 2023 Aug 02, 2023 Aug 17, 2023 $0.225 0.243%
4 Apr 24, 2023 May 03, 2023 May 18, 2023 $0.225 0.240%
5 Jan 23, 2023 Feb 01, 2023 Feb 16, 2023 $0.225 0.237%

FAQ

What is the symbol for Franklin Electric Co. Stock and on which exchange is it traded?
The symbol for Franklin Electric Co. is FELE and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Franklin Electric Co. Stock?
Franklin Electric Co. holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

How to buy Franklin Electric Co. Stock?
Franklin Electric Co. 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 Electric Co. Stock.

What's the current price of Franklin Electric Co. Stock?
As of the end of day on the 2024-03-27, the price of an Franklin Electric Co. (FELE) share was $106.64.

What is the 52-week high and low for Franklin Electric Co. Stock?
The 52-week high for Franklin Electric Co. Stock is $107.36 and the 52-week low is $82.61.

What is the market capitalization of Franklin Electric Co. Stock?
As of the 2024-03-27, the market capitalization of Franklin Electric Co. is 4.91B.

When is the next earnings date for Franklin Electric Co.?
The upcoming earnings date for Franklin Electric Co. is May 07, 2024.
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About Franklin Electric Co.

Franklin Electric Co. Franklin Electric Co., Inc., together with its subsidiaries, designs, manufactures, and distributes water and fuel pumping systems worldwide. It operates through three segments: Water Systems, Fueling Systems, and Distribution. The Water Systems segment offers submersible motors, pumps, drives, electronic controls, water treatment systems, monitoring devices, and related parts and equipment. Its motors and pumps are used principally for pumping c... FELE Profile

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