Franklin Ftse United Kingdom Etf ETF Forecast
Weaker technical forecast for Franklin Ftse United Kingdom Etf as ETF downgraded to Sell Candidate.
(Updated on Jun 25, 2024)
The Franklin Ftse United Kingdom Etf ETF price fell by -0.561% on the last day (Tuesday, 25th Jun 2024) from $26.73 to $26.58. During the last trading day the ETF fluctuated 0.377% from a day low at $26.50 to a day high of $26.60. The price has been going up and down for this period, and there has been a -2.83% loss for the last 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -11 thousand shares and in total, 26 thousand shares were bought and sold for approximately $695.55 thousand.
The ETF lies in the lower of a narrow and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $26.43 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the ETF is expected to fall -2.80% during the next 3 months and, with a 90% probability hold a price between $25.69 and $26.47 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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FLGB Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 0.302%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Franklin Ftse United Kingdom Etf ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $26.90 and $27.23. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Franklin Ftse United Kingdom Etf ETF
Franklin Ftse United Kingdom Etf finds support from accumulated volume at $26.50 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 $0.100 between high and low, or 0.377%. For the last week the ETF has had daily average volatility of 0.508%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FLGB) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Franklin Ftse United Kingdom Etf to open at $26.56, and during the day (based on 14 day Average True Range), to move between $26.26 and $26.90, which gives a possible trading interval of +/-$0.323 (+/-1.22%) up or down from last closing price. If Franklin Ftse United Kingdom Etf takes out the full calculated possible swing range there will be an estimated 2.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $26.50 (0.30%) than the resistance at $27.43 (3.20%), 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 Ftse United Kingdom Etf ETF A Buy?
Franklin Ftse United Kingdom Etf holds several negative signals and is within a narrow and falling trend, so we believe 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: -1.095 Sell Candidate Downgraded
Predicted Opening Price for Franklin Ftse United Kingdom Etf of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$26.56 ( 0.0752%) | $26.58 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FLGB
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 26.66 | 0.301% |
R2 | 26.62 | 0.157% |
R1 | 26.60 | 0.0685% |
Price | 26.58 | |
S1 | 26.52 | -0.219% |
S2 | 26.50 | -0.308% |
S3 | 26.46 | -0.451% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 27.53 | 3.57% |
R2 | 27.49 | 3.42% |
R1 | 27.43 | 3.20% |
Price | 26.58 | |
S1 | 26.50 | -0.301% |
S2 | 0 | - |
S3 | 0 | - |
FLGB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 30, 2023 | Dec 15, 2023 | Dec 26, 2023 | $0.513 | 2.04% |
2 | Jan 30, 2023 | Jun 16, 2023 | Jun 27, 2023 | $0.481 | 1.98% |
3 | Dec 15, 2022 | Dec 16, 2022 | Dec 22, 2022 | $0.482 | 2.11% |
4 | Jun 16, 2022 | Jun 17, 2022 | Jun 28, 2022 | $0.487 | 2.16% |
5 | Dec 10, 2021 | Dec 13, 2021 | Dec 21, 2021 | $0.318 | 1.29% |
FAQ
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