Franklin LibertyQ U.S. Equity ETF Forecast
Red day on Wednesday for Franklin LibertyQ U.S. Equity ETF after losing 0.0573%
(Updated on May 08, 2024)
The Franklin LibertyQ U.S. Equity ETF price fell by -0.0573% on the last day (Wednesday, 8th May 2024) from $52.32 to $52.29. During the last trading day the ETF fluctuated 0.613% from a day low at $52.04 to a day high of $52.36. The price has risen in 6 of the last 10 days and is up by 2.37% over the past 2 weeks. Volume has increased on the last day by 112 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, 17 thousand shares were bought and sold for approximately $868.59 thousand.
The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Franklin LibertyQ U.S. Equity ETF with a 90% probability to be traded between $49.94 and $53.29 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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FLQL Signals & Forecast
The Franklin LibertyQ U.S. Equity 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 $51.48 and $51.92. A breakdown below any of these levels will issue sell signals. 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 Tuesday, May 07, 2024, and so far it has fallen -0.0573%. Further fall is indicated until a new bottom pivot has been found. Franklin LibertyQ U.S. Equity 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 LibertyQ U.S. Equity ETF
Franklin LibertyQ U.S. Equity finds support from accumulated volume at $51.83 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 $0.319 between high and low, or 0.613%. For the last week the ETF has had daily average volatility of 0.629%.
Our recommended stop-loss: $50.88 (-2.70%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (FLQL) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Franklin LibertyQ U.S. Equity ETF to open at $52.23, and during the day (based on 14 day Average True Range), to move between $51.71 and $52.87, which gives a possible trading interval of +/-$0.579 (+/-1.11%) up or down from last closing price. If Franklin LibertyQ U.S. Equity ETF takes out the full calculated possible swing range there will be an estimated 2.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $51.83 (0.88%) than the resistance at $52.95 (1.26%), 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 LibertyQ U.S. Equity ETF ETF A Buy?
Franklin LibertyQ U.S. Equity 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.
Current score: 0.729 Hold/Accumulate Unchanged
Predicted Opening Price for Franklin LibertyQ U.S. Equity ETF of Thursday, May 9, 2024
Fair opening price May 9, 2024 | Current price |
---|---|
$52.23 ( 0.115%) | $52.29 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FLQL
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 52.55 | 0.495 % | |
R2 | 52.43 | 0.262 % | ||
R1 | 52.35 | 0.118 % | ||
Current price: | 52.29 | |||
Support | S1 | 52.11 | -0.348 % | |
S2 | 52.03 | -0.492 % | ||
S3 | 51.91 | -0.726 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 53.25 | 1.84 % | |
R2 | 53.20 | 1.73 % | ||
R1 | 52.95 | 1.26 % | ||
Current price | 52.29 | |||
Support | S1 | 51.83 | -0.88% | |
S2 | 51.80 | -0.94% | ||
S3 | 51.73 | -1.07% |
FLQL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 15, 2024 | Mar 15, 2024 | Mar 25, 2024 | $0.106 | 0.201% |
2 | Dec 15, 2023 | Dec 15, 2023 | Dec 15, 2023 | $0.224 | 0.475% |
3 | Sep 14, 2023 | Sep 15, 2023 | Sep 25, 2023 | $0.155 | 0.357% |
4 | Jun 22, 2023 | Jun 23, 2023 | Jul 03, 2023 | $0.194 | 0.434% |
5 | Mar 16, 2023 | Mar 17, 2023 | Mar 27, 2023 | $0.142 | 0.354% |
FAQ
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