Franklin FTSE Taiwan ETF Forecast
Franklin FTSE Taiwan ETF price ended at $43.62 on Friday, after gaining 1.32%.
(Updated on May 03, 2024)
The Franklin FTSE Taiwan ETF price gained 1.32% on the last trading day (Friday, 3rd May 2024), rising from $43.05 to $43.62. During the last trading day the ETF fluctuated 0.600% from a day low at $43.36 to a day high of $43.62. The price has risen in 7 of the last 10 days and is up by 6.44% over the past 2 weeks. Volume fell on the last day by -6 thousand shares and in total, 17 thousand shares were bought and sold for approximately $757.55 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 3.78% during the next 3 months and, with a 90% probability hold a price between $42.80 and $46.83 at the end of this 3-month period.
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FLTW Signals & Forecast
The Franklin FTSE Taiwan 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 $42.57 and $43.04. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 6.44%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Franklin FTSE Taiwan ETF
Franklin FTSE Taiwan finds support from accumulated volume at $42.92 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved $0.260 between high and low, or 0.600%. For the last week the ETF has had daily average volatility of 1.06%.
Our recommended stop-loss: $41.85 (-4.05%) (This ETF has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (FLTW) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Franklin FTSE Taiwan ETF to open at $43.53, and during the day (based on 14 day Average True Range), to move between $43.02 and $44.22, which gives a possible trading interval of +/-$0.596 (+/-1.37%) up or down from last closing price. If Franklin FTSE Taiwan 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 $43.70 (0.19%) than the support at $42.92 (1.60%), 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 Taiwan ETF ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Franklin FTSE Taiwan ETF to perform well in the short-term.
Current score: 1.394 Buy Candidate Unchanged
Predicted Opening Price for Franklin FTSE Taiwan ETF of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $43.53 ( 0.199%) | $43.62 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FLTW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 43.79 | 0.397 % | |
| R2 | 43.69 | 0.170 % | ||
| R1 | 43.63 | 0.0290 % | ||
| Current price: | 43.62 | |||
| Support | S1 | 43.43 | -0.426 % | |
| S2 | 43.37 | -0.567 % | ||
| S3 | 43.27 | -0.795 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 44.08 | 1.05 % | |
| R2 | 43.76 | 0.321 % | ||
| R1 | 43.70 | 0.194 % | ||
| Current price | 43.62 | |||
| Support | S1 | 42.92 | -1.60% | |
| S2 | 41.90 | -3.94% | ||
| S3 | 41.77 | -4.25% |
FLTW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 15, 2023 | Dec 15, 2023 | Dec 15, 2023 | $1.01 | 2.56% |
| 2 | Jan 31, 2023 | Jun 16, 2023 | Jun 27, 2023 | $0.162 | 0.419% |
| 3 | Dec 15, 2022 | Dec 16, 2022 | Dec 22, 2022 | $1.03 | 3.13% |
| 4 | Jun 16, 2022 | Jun 17, 2022 | Jun 28, 2022 | $0.0050 | 0.0137% |
| 5 | Dec 10, 2021 | Dec 13, 2021 | Dec 21, 2021 | $1.02 | 2.25% |
FAQ
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