Franklin Ftse Japan Hedged Etf ETF Forecast
Franklin Ftse Japan Hedged Etf ETF upgraded from Sell Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Jun 27, 2024)
The Franklin Ftse Japan Hedged Etf ETF price gained 0.486% on the last trading day (Thursday, 27th Jun 2024), rising from $31.42 to $31.58. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.605% from a day low at $31.42 to a day high of $31.61. The price has risen in 7 of the last 10 days but is still down by -0.8% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 20 thousand shares were bought and sold for approximately $620.61 thousand.
The ETF lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 2.25% during the next 3 months and, with a 90% probability hold a price between $31.30 and $32.86 at the end of this 3-month period.
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FLJH Signals & Forecast
The Franklin Ftse Japan Hedged Etf ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $31.20 and $31.47. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 3.32%. Further rise is indicated until a new top pivot has been found. Franklin Ftse Japan Hedged Etf has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Franklin Ftse Japan Hedged Etf ETF
Franklin Ftse Japan Hedged Etf finds support from accumulated volume at $31.45 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 $0.190 between high and low, or 0.605%. For the last week the ETF has had daily average volatility of 0.541%.
Our recommended stop-loss: $29.84 (-5.51%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (FLJH) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Franklin Ftse Japan Hedged Etf to open at $31.54, and during the day (based on 14 day Average True Range), to move between $31.25 and $31.90, which gives a possible trading interval of +/-$0.323 (+/-1.02%) 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 2.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $31.45 (0.40%) than the resistance at $31.83 (0.81%), 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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.150 Hold/Accumulate Upgraded
Predicted Opening Price for Franklin Ftse Japan Hedged Etf of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $31.54 ( 0.127%) | $31.58 |
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 | 31.73 | 0.475% |
| R2 | 31.65 | 0.245% |
| R1 | 31.61 | 0.103% |
| Price | 31.58 | |
| S1 | 31.46 | -0.357% |
| S2 | 31.42 | -0.499% |
| S3 | 31.35 | -0.728% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 31.94 | 1.16% |
| R2 | 31.86 | 0.90% |
| R1 | 31.83 | 0.81% |
| Price | 31.58 | |
| S1 | 31.45 | -0.396% |
| S2 | 31.15 | -1.35% |
| S3 | 30.77 | -2.55% |
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% |
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