Franklin FTSE Switzerland ETF Forecast
Franklin FTSE Switzerland ETF upgraded from Sell Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Apr 17, 2024)
The Franklin FTSE Switzerland ETF price gained 0.671% on the last trading day (Wednesday, 17th Apr 2024), rising from $31.11 to $31.32. During the last trading day the ETF fluctuated 0.640% from a day low at $31.21 to a day high of $31.41. The price has fallen in 7 of the last 10 days and is down by -3.3% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 8 thousand shares were bought and sold for approximately $257.94 thousand.
The ETF is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $31.11 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Franklin FTSE Switzerland ETF with a 90% probability to be traded between $30.95 and $33.37 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.
FLSW Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.671%. Further rise is indicated until a new top pivot has been found. Franklin FTSE Switzerland 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. The Franklin FTSE Switzerland 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 $31.61 and $32.52. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Franklin FTSE Switzerland ETF
Franklin FTSE Switzerland finds support from accumulated volume at $31.11 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 0.640%. For the last week the ETF has had daily average volatility of 0.689%.
Our recommended stop-loss: $29.37 (-6.22%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (FLSW) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Franklin FTSE Switzerland ETF to open at $31.31, and during the day (based on 14 day Average True Range), to move between $31.07 and $31.57, which gives a possible trading interval of +/-$0.250 (+/-0.80%) up or down from last closing price. If Franklin FTSE Switzerland ETF takes out the full calculated possible swing range there will be an estimated 1.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $31.39 (0.22%) than the support at $31.11 (0.67%), 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 Switzerland ETF ETF A Buy?
Franklin FTSE Switzerland holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: -0.055 Hold/Accumulate Upgraded
Predicted Opening Price for Franklin FTSE Switzerland ETF of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $31.31 ( 0.0188%) | $31.32 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FLSW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 31.51 | 0.619 % | |
| R2 | 31.44 | 0.376 % | ||
| R1 | 31.39 | 0.225 % | ||
| Current price: | 31.32 | |||
| Support | S1 | 31.24 | -0.263 % | |
| S2 | 31.19 | -0.413 % | ||
| S3 | 31.11 | -0.657 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 32.12 | 2.56 % | |
| R2 | 31.98 | 2.10 % | ||
| R1 | 31.39 | 0.217 % | ||
| Current price | 31.32 | |||
| Support | S1 | 31.11 | -0.667% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FLSW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 15, 2023 | Dec 15, 2023 | Dec 15, 2023 | $0.0470 | 0.146% |
| 2 | Jan 31, 2023 | Jun 16, 2023 | Jun 27, 2023 | $0.736 | 2.33% |
| 3 | Dec 15, 2022 | Dec 16, 2022 | Dec 22, 2022 | $0.0450 | 0.155% |
| 4 | Jun 16, 2022 | Jun 17, 2022 | Jun 28, 2022 | $0.543 | 1.91% |
| 5 | Dec 13, 2021 | Dec 13, 2021 | Dec 21, 2021 | $0.0110 | 0.0310% |
FAQ
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