Franklin International Aggregate Bond ETF Forecast
Franklin International Aggregate Bond ETF price up 0.125% on Friday
(Updated on May 31, 2024)
The Franklin International Aggregate Bond ETF price gained 0.125% on the last trading day (Friday, 31st May 2024), rising from $20.01 to $20.03. During the last trading day the ETF fluctuated 0.1000% from a day low at $20.01 to a day high of $20.03. The price has been going up and down for this period, and there has been a -0.79% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 373 thousand more shares were traded than the day before. In total, 494 thousand shares were bought and sold for approximately $9.89 million.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Franklin International Aggregate Bond ETF with a 90% probability to be traded between $19.79 and $20.08 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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FLIA Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 0.376%. 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. The Franklin International Aggregate Bond 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 $20.04 and $20.07. 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). The ETF had a Golden Star Signal on Thursday, August 24, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star 12 Months
The ETF had a Golden Star Signal on Thursday, August 24, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
A buy signal from a double bottom formation was found on Thursday, April 25, 2024 and based on theory for this formation the price should go up by 0.250% to $20.08 within 7 trading days since signal was issued (Monday, June 03, 2024).
Support, Risk & Stop-loss for Franklin International Aggregate Bond ETF
Franklin International Aggregate Bond finds support from accumulated volume at $20.01 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 $0.0200 between high and low, or 0.1000%. For the last week the ETF has had daily average volatility of 0.165%.
Our recommended stop-loss: $18.81 (-6.11%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (FLIA) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Franklin International Aggregate Bond ETF to open at $20.02, and during the day (based on 14 day Average True Range), to move between $19.97 and $20.09, which gives a possible trading interval of +/-$0.0566 (+/-0.28%) up or down from last closing price. If Franklin International Aggregate Bond ETF takes out the full calculated possible swing range there will be an estimated 0.56% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $20.01 (0.12%) than the resistance at $20.14 (0.55%), 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 International Aggregate Bond ETF ETF A Buy?
Franklin International Aggregate Bond holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.979 Hold/Accumulate Unchanged
Predicted Opening Price for Franklin International Aggregate Bond ETF of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $20.02 ( 0.0333%) | $20.03 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FLIA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.04 | 0.0666 % | |
| R2 | 20.04 | 0.0284 % | ||
| R1 | 20.03 | 0.0049 % | ||
| Current price: | 20.03 | |||
| Support | S1 | 20.02 | -0.0714 % | |
| S2 | 20.01 | -0.0950 % | ||
| S3 | 20.00 | -0.133 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.22 | 0.95 % | |
| R2 | 20.19 | 0.799 % | ||
| R1 | 20.14 | 0.549 % | ||
| Current price | 20.03 | |||
| Support | S1 | 20.01 | -0.125% | |
| S2 | 19.99 | -0.187% | ||
| S3 | 19.96 | -0.349% |
FLIA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 15, 2023 | Dec 15, 2023 | Dec 15, 2023 | $0.191 | 0.95% |
| 2 | Dec 16, 2022 | Dec 16, 2022 | Dec 16, 2022 | $2.69 | 13.76% |
| 3 | Nov 30, 2022 | Dec 01, 2022 | Dec 07, 2022 | $0.131 | 0.582% |
| 4 | Oct 31, 2022 | Nov 01, 2022 | Nov 07, 2022 | $0.129 | 0.585% |
| 5 | Sep 30, 2022 | Oct 03, 2022 | Oct 07, 2022 | $0.129 | 0.581% |
FAQ
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