Franklin Templeton Trust - Franklin ETF Forecast
Franklin Templeton Trust - Franklin ETF downgraded from Hold/Accumulate to Sell Candidate after Monday trading session.
(Updated on May 20, 2024)
The Franklin Templeton Trust - Franklin ETF price fell by -0.568% on the last day (Monday, 20th May 2024) from $19.36 to $19.25. During the last trading day the ETF fluctuated 1.25% from a day low at $19.17 to a day high of $19.41. The price has been going up and down for this period, and there has been a -1.58% loss for the last 2 weeks. Volume has increased on the last day by 3 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 51 thousand shares were bought and sold for approximately $976.55 thousand.
The ETF 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 $19.56 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the ETF is expected to fall -4.67% during the next 3 months and, with a 90% probability hold a price between $16.98 and $18.65 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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FLBR Signals & Forecast
The Franklin Templeton Trust - Franklin ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $19.29. On a fall, the ETF will find some support from the long-term average at approximately $19.11. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Tuesday, May 07, 2024, and so far it has fallen -2.28%. Further fall is indicated until a new bottom pivot has been found. Franklin Templeton Trust - Franklin gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Franklin Templeton Trust - Franklin ETF
Franklin Templeton Trust - Franklin finds support from accumulated volume at $19.20 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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.240 between high and low, or 1.25%. For the last week the ETF has had daily average volatility of 0.99%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FLBR) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Franklin Templeton ETF Trust - Franklin FTSE Brazil ETF to open at $19.28, and during the day (based on 14 day Average True Range), to move between $18.97 and $19.53, which gives a possible trading interval of +/-$0.282 (+/-1.46%) up or down from last closing price. If Franklin Templeton ETF Trust - Franklin FTSE Brazil ETF takes out the full calculated possible swing range there will be an estimated 2.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $19.20 (0.26%) than the resistance at $19.46 (1.09%), 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 Templeton ETF Trust - Franklin FTSE Brazil ETF ETF A Buy?
Franklin Templeton Trust - Franklin holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.589 Sell Candidate Downgraded
Predicted Opening Price for Franklin Templeton ETF Trust - Franklin FTSE Brazil ETF of Tuesday, May 21, 2024
Fair opening price May 21, 2024 | Current price |
---|---|
$19.28 ( 0.139%) | $19.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FLBR
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 19.52 | 1.39 % | |
R2 | 19.43 | 0.91 % | ||
R1 | 19.37 | 0.615 % | ||
Current price: | 19.25 | |||
Support | S1 | 19.19 | -0.337 % | |
S2 | 19.13 | -0.632 % | ||
S3 | 19.04 | -1.11 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 19.63 | 1.97 % | |
R2 | 19.58 | 1.71 % | ||
R1 | 19.46 | 1.09 % | ||
Current price | 19.25 | |||
Support | S1 | 19.20 | -0.260% | |
S2 | 19.19 | -0.312% | ||
S3 | 18.22 | -5.35% |
FLBR Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 15, 2023 | Dec 15, 2023 | Dec 15, 2023 | $0.717 | 3.58% |
2 | Feb 03, 2023 | Jun 16, 2023 | Jun 27, 2023 | $1.14 | 5.87% |
3 | Dec 15, 2022 | Dec 16, 2022 | Dec 22, 2022 | $1.04 | 5.98% |
4 | Jun 16, 2022 | Jun 17, 2022 | Jun 28, 2022 | $1.03 | 6.04% |
5 | Dec 30, 2021 | Dec 30, 2021 | Dec 30, 2021 | $0.111 | 0.634% |
FAQ
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