Franklin FTSE Switzerland 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 Switzerland ETF upgraded from Sell Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Apr 30, 2024)
The Franklin FTSE Switzerland ETF price fell by -1.44% on the last day (Tuesday, 30th Apr 2024) from $31.76 to $31.30. During the last trading day the ETF fluctuated 0.256% from a day low at $31.30 to a day high of $31.38. The price has risen in 6 of the last 10 days and is up by 0.61% 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 -5 thousand shares and in total, 3 thousand shares were bought and sold for approximately $82.04 thousand.
The ETF lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $30.99 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the ETF is expected to fall -2.18% during the next 3 months and, with a 90% probability hold a price between $30.31 and $32.48 at the end of this 3-month period.
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FLSW Signals & Forecast
There are mixed signals in the ETF today. 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 $31.72 and $32.25. A break-up above any of these levels will issue buy signals. 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. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.611%. 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).
Support, Risk & Stop-loss for Franklin FTSE Switzerland ETF
Franklin FTSE Switzerland finds support from accumulated volume at $31.17 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 therefore the general risk is considered very 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 $0.0800 between high and low, or 0.256%. For the last week the ETF has had daily average volatility of 0.310%
Our recommended stop-loss: $29.42 (-6.02%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (FLSW) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Franklin FTSE Switzerland ETF to open at $31.33, and during the day (based on 14 day Average True Range), to move between $31.02 and $31.58, which gives a possible trading interval of +/-$0.278 (+/-0.89%) 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 1.77% 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 (0.28%) than the support at $31.17 (0.42%), 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 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: -0.583 Hold/Accumulate Upgraded
Predicted Opening Price for Franklin FTSE Switzerland ETF of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $31.33 ( 0.0852%) | $31.30 |
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 | 31.41 | 0.341 % | |
| R2 | 31.38 | 0.243 % | ||
| R1 | 31.36 | 0.183 % | ||
| Current price: | 31.30 | |||
| Support | S1 | 31.30 | -0.0124 % | |
| S2 | 31.28 | -0.0728 % | ||
| S3 | 31.25 | -0.170 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 31.98 | 2.17 % | |
| R2 | 31.59 | 0.93 % | ||
| R1 | 31.39 | 0.277 % | ||
| Current price | 31.30 | |||
| Support | S1 | 31.17 | -0.415% | |
| S2 | 31.11 | -0.607% | ||
| 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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