Franklin FTSE Taiwan ETF Forecast
Franklin FTSE Taiwan ETF price up 0.285% on Friday
(Updated on May 17, 2024)
The Franklin FTSE Taiwan ETF price gained 0.285% on the last trading day (Friday, 17th May 2024), rising from $45.54 to $45.67. During the last trading day the ETF fluctuated 0.439% from a day low at $45.53 to a day high of $45.73. The price has risen in 8 of the last 10 days and is up by 4.7% 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, 1 thousand more shares were traded than the day before. In total, 18 thousand shares were bought and sold for approximately $825.53 thousand.
The ETF lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $45.89 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 4.06% during the next 3 months and, with a 90% probability hold a price between $43.25 and $47.75 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. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $44.92 and $43.33. 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). Franklin FTSE Taiwan 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. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -0.349%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Franklin FTSE Taiwan ETF
On the downside, the ETF finds support just below today's level from accumulated volume at $42.92 and $41.90. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, Franklin FTSE Taiwan finds support just below today's level at $42.92. If this is broken, then the next support from accumulated volume will be at $41.90 and $41.77.
This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $0.200 between high and low, or 0.439%. For the last week, the ETF has had daily average volatility of 0.741%.
Our recommended stop-loss: $44.01 (-3.63%) (This ETF has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (FLTW) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Franklin FTSE Taiwan ETF to open at $45.64, and during the day (based on 14 day Average True Range), to move between $45.17 and $46.17, which gives a possible trading interval of +/-$0.501 (+/-1.10%) 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 2.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $45.83 (0.35%) than the support at $42.92 (6.02%), 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: 4.353 Buy Candidate Unchanged
Predicted Opening Price for Franklin FTSE Taiwan ETF of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
$45.64 ( 0.0584%) | $45.67 |
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 | 45.84 | 0.380 % | |
R2 | 45.77 | 0.212 % | ||
R1 | 45.72 | 0.109 % | ||
Current price: | 45.67 | |||
Support | S1 | 45.57 | -0.226 % | |
S2 | 45.52 | -0.329 % | ||
S3 | 45.44 | -0.496 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 45.83 | 0.350 % | ||
Current price | 45.67 | |||
Support | S1 | 42.92 | -6.02% | |
S2 | 41.90 | -8.25% | ||
S3 | 41.77 | -8.55% |
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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