Franklin Ftse South Korea ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Franklin Ftse South Korea ETF downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on May 10, 2024)
The Franklin Ftse South Korea ETF price fell by -0.531% on the last day (Friday, 10th May 2024) from $22.62 to $22.50. During the last trading day the ETF fluctuated 0.93% from a day low at $22.50 to a day high of $22.71. The price has risen in 6 of the last 10 days and is up by 2.41% over the past 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 -3 thousand shares and in total, 11 thousand shares were bought and sold for approximately $244.40 thousand.
The ETF lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $22.83 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the ETF is expected to fall -2.01% during the next 3 months and, with a 90% probability hold a price between $20.65 and $22.37 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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FLKR Signals & Forecast
The Franklin Ftse South Korea ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $22.66. On a fall, the ETF will find some support from the long-term average at approximately $22.43. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, May 06, 2024, and so far it has fallen -1.57%. Further fall is indicated until a new bottom pivot has been found. 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 South Korea ETF
Franklin Ftse South Korea finds support from accumulated volume at $22.24 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 controlled movements and therefore the general risk is considered 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 $0.210 between high and low, or 0.93%. For the last week the ETF has had daily average volatility of 0.750%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FLKR) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Franklin Ftse South Korea ETF to open at $22.57, and during the day (based on 14 day Average True Range), to move between $22.19 and $22.81, which gives a possible trading interval of +/-$0.307 (+/-1.36%) up or down from last closing price. If Franklin Ftse South Korea ETF takes out the full calculated possible swing range there will be an estimated 2.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $22.71 (0.93%) than the support at $22.24 (1.16%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Franklin Ftse South Korea ETF ETF A Buy?
Franklin Ftse South Korea holds several negative signals and we believe that 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: -3.344 Sell Candidate Downgraded
Predicted Opening Price for Franklin Ftse South Korea ETF of Monday, May 13, 2024
Fair opening price May 13, 2024 | Current price |
---|---|
$22.57 ( 0.311%) | $22.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FLKR
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 22.78 | 1.24 % | |
R2 | 22.70 | 0.89 % | ||
R1 | 22.65 | 0.668 % | ||
Current price: | 22.50 | |||
Support | S1 | 22.49 | -0.0454 % | |
S2 | 22.44 | -0.266 % | ||
S3 | 22.36 | -0.622 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 23.51 | 4.49 % | |
R2 | 23.09 | 2.62 % | ||
R1 | 22.71 | 0.93 % | ||
Current price | 22.50 | |||
Support | S1 | 22.24 | -1.16% | |
S2 | 22.20 | -1.33% | ||
S3 | 21.68 | -3.64% |
FLKR Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 15, 2023 | Dec 15, 2023 | Dec 15, 2023 | $0.351 | 1.63% |
2 | Jan 31, 2023 | Jun 16, 2023 | Jun 27, 2023 | $0.168 | 0.762% |
3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | $0.138 | 0.701% |
4 | Dec 16, 2022 | Dec 16, 2022 | Dec 16, 2022 | $0.399 | 2.04% |
5 | Jun 16, 2022 | Jun 17, 2022 | Jun 28, 2022 | $0.0740 | 0.355% |
FAQ
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