Franklin LibertyQ U.S. Mid Cap Equity ETF Forecast
Weaker technical forecast for Franklin LibertyQ U.S. Mid Cap Equity as ETF downgraded to Hold/Accumulate.
(Updated on May 10, 2024)
The Franklin LibertyQ U.S. Mid Cap Equity ETF price gained 0.386% on the last trading day (Friday, 10th May 2024), rising from $51.82 to $52.02. During the last trading day the ETF fluctuated 0.345% from a day low at $51.90 to a day high of $52.08. The price has risen in 6 of the last 10 days and is up by 2.73% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 6 thousand more shares were traded than the day before. In total, 66 thousand shares were bought and sold for approximately $3.46 million.
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. Mid Cap Equity ETF with a 90% probability to be traded between $50.73 and $54.53 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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FLQM Signals & Forecast
The Franklin LibertyQ U.S. Mid Cap 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 $51.29 and $51.45. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 4.31%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Franklin LibertyQ U.S. Mid Cap Equity ETF
Franklin LibertyQ U.S. Mid Cap Equity finds support from accumulated volume at $51.75 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 $0.179 between high and low, or 0.345%. For the last week the ETF has had daily average volatility of 0.525%.
Our recommended stop-loss: $49.30 (-5.24%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (FLQM) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Franklin LibertyQ U.S. Mid Cap Equity ETF to open at $52.00, and during the day (based on 14 day Average True Range), to move between $51.50 and $52.54, which gives a possible trading interval of +/-$0.522 (+/-1.00%) up or down from last closing price. If Franklin LibertyQ U.S. Mid Cap Equity ETF takes out the full calculated possible swing range there will be an estimated 2.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $52.13 (0.21%) than the support at $51.75 (0.52%), 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 LibertyQ U.S. Mid Cap Equity ETF ETF A Buy?
Franklin LibertyQ U.S. Mid Cap 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.851 Hold/Accumulate Downgraded
Predicted Opening Price for Franklin LibertyQ U.S. Mid Cap Equity ETF of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $52.00 ( 0.0390%) | $52.02 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FLQM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 52.18 | 0.305 % | |
| R2 | 52.11 | 0.174 % | ||
| R1 | 52.07 | 0.0923 % | ||
| Current price: | 52.02 | |||
| Support | S1 | 51.93 | -0.170 % | |
| S2 | 51.89 | -0.252 % | ||
| S3 | 51.82 | -0.383 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 52.99 | 1.86 % | |
| R2 | 52.53 | 0.98 % | ||
| R1 | 52.13 | 0.211 % | ||
| Current price | 52.02 | |||
| Support | S1 | 51.75 | -0.519% | |
| S2 | 50.21 | -3.48% | ||
| S3 | 49.87 | -4.13% |
FLQM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 15, 2024 | Mar 15, 2024 | Mar 25, 2024 | $0.0824 | 0.157% |
| 2 | Dec 15, 2023 | Dec 15, 2023 | Dec 15, 2023 | $0.249 | 0.524% |
| 3 | Sep 14, 2023 | Sep 15, 2023 | Sep 25, 2023 | $0.136 | 0.316% |
| 4 | Jun 22, 2023 | Jun 23, 2023 | Jul 03, 2023 | $0.138 | 0.306% |
| 5 | Mar 16, 2023 | Mar 17, 2023 | Mar 27, 2023 | $0.0860 | 0.205% |
FAQ
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