Franklin Ftse United Kingdom Etf ETF Forecast
Franklin Ftse United Kingdom Etf ETF price down 0.114% on Friday
(Updated on Jun 28, 2024)
The Franklin Ftse United Kingdom Etf ETF price fell by -0.114% on the last day (Friday, 28th Jun 2024) from $26.32 to $26.29. It has now fallen 4 days in a row. During the last trading day the ETF fluctuated 0.763% from a day low at $26.20 to a day high of $26.40. The price has fallen in 6 of the last 10 days and is down by -3.24% for this period. Volume has increased on the last day by 542 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, 573 thousand shares were bought and sold for approximately $15.07 million.
The ETF lies in the middle of a narrow and 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 -4.10% during the next 3 months and, with a 90% probability hold a price between $25.01 and $25.95 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
There are few to no technical positive signals at the moment. 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 $26.60 and $27.13. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -1.65%. 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). Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
Support, Risk & Stop-loss for Franklin Ftse United Kingdom Etf ETF
There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.
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 $0.200 between high and low, or 0.763%. For the last week the ETF has had daily average volatility of 0.596%.
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 Monday 1st
For the upcoming trading day on Monday, 1st we expect Franklin Ftse United Kingdom Etf to open at $26.30, and during the day (based on 14 day Average True Range), to move between $25.99 and $26.59, which gives a possible trading interval of +/-$0.304 (+/-1.16%) 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 2.31% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $27.43, some $1.14 (4.34%) from the current price of $26.29, our system finds the risk reward not very attractive.
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.
Current score: -3.734 Sell Candidate Unchanged
Predicted Opening Price for Franklin Ftse United Kingdom Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $26.30 ( 0.0252%) | $26.29 |
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 | 26.50 | 0.786% |
| R2 | 26.42 | 0.495% |
| R1 | 26.37 | 0.316% |
| Price | 26.29 | |
| S1 | 26.22 | -0.265% |
| S2 | 26.17 | -0.445% |
| S3 | 26.10 | -0.735% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 27.53 | 4.72% |
| R2 | 27.49 | 4.56% |
| R1 | 27.43 | 4.34% |
| Price | 26.29 | |
| S1 | 0 | - |
| 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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