Franklin Ftse Japan Hedged Etf ETF Forecast
Franklin Ftse Japan Hedged Etf ETF price down 2.58% on Friday
(Updated on Jun 21, 2024)
The Franklin Ftse Japan Hedged Etf ETF price fell by -2.58% on the last day (Friday, 21st Jun 2024) from $31.37 to $30.56. During the last trading day the ETF fluctuated 0.656% from a day low at $30.47 to a day high of $30.67. The price has been going up and down for this period, and there has been a -3.54% loss for the last 2 weeks. Volume has increased on the last day by 910 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, 22 thousand shares were bought and sold for approximately $672.35 thousand.
The ETF has broken the narrow and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $30.59 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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FLJH Signals & Forecast
There are few to no technical positive signals at the moment. The Franklin Ftse Japan Hedged 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 $31.27 and $31.46. 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 10, 2024, and so far it has fallen -4.50%. 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). Franklin Ftse Japan Hedged Etf 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 Ftse Japan Hedged Etf ETF
Franklin Ftse Japan Hedged Etf finds support from accumulated volume at $30.53 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 $0.200 between high and low, or 0.656%. For the last week the ETF has had daily average volatility of 0.474%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FLJH) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Franklin Ftse Japan Hedged Etf to open at $30.57, and during the day (based on 14 day Average True Range), to move between $30.23 and $30.89, which gives a possible trading interval of +/-$0.330 (+/-1.08%) up or down from last closing price. If Franklin Ftse Japan Hedged Etf takes out the full calculated possible swing range there will be an estimated 2.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $30.53 (0.10%) than the resistance at $30.77 (0.69%), 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 Japan Hedged Etf ETF A Buy?
Franklin Ftse Japan Hedged 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: -2.604 Sell Candidate Unchanged
Predicted Opening Price for Franklin Ftse Japan Hedged Etf of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $30.57 ( 0.0219%) | $30.56 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FLJH
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 30.77 | 0.676% |
| R2 | 30.69 | 0.426% |
| R1 | 30.64 | 0.272% |
| Price | 30.56 | |
| S1 | 30.49 | -0.228% |
| S2 | 30.44 | -0.382% |
| S3 | 30.37 | -0.632% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 31.45 | 2.91% |
| R2 | 31.15 | 1.93% |
| R1 | 30.77 | 0.687% |
| Price | 30.56 | |
| S1 | 30.53 | -0.0982% |
| S2 | 30.39 | -0.556% |
| S3 | 30.18 | -1.24% |
FLJH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 30, 2023 | Dec 15, 2023 | Dec 26, 2023 | $6.38 | 24.52% |
| 2 | Jan 30, 2023 | Jun 16, 2023 | Jun 27, 2023 | $0.320 | 1.05% |
| 3 | Dec 15, 2022 | Dec 16, 2022 | Dec 22, 2022 | $5.55 | 22.67% |
| 4 | Jun 16, 2022 | Jun 17, 2022 | Jun 28, 2022 | $0.92 | 3.16% |
| 5 | Oct 12, 2021 | Dec 13, 2021 | Dec 21, 2021 | $0.406 | 1.30% |
FAQ
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