Franklin FTSE Taiwan 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
Stronger technical forecast for Franklin FTSE Taiwan ETF price after Friday trading.
(Updated on May 24, 2024)
The Franklin FTSE Taiwan ETF price gained 1.20% on the last trading day (Friday, 24th May 2024), rising from $45.68 to $46.23. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.588% from a day low at $46.01 to a day high of $46.28. The price has risen in 7 of the last 10 days and is up by 4.57% 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, 5 thousand more shares were traded than the day before. In total, 15 thousand shares were bought and sold for approximately $678.29 thousand.
The ETF has broken the weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $45.79, a level that may pose a second chance to hit a runner. According to fan-theory $49.73 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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FLTW Signals & Forecast
Mostly positive signals in the chart today. 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 $45.63 and $43.58. 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 12.81%. 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). 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.
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 $0.270 between high and low, or 0.588%. For the last week, the ETF has had daily average volatility of 0.753%.
The Franklin FTSE Taiwan ETF is extremely overbought on RSI14 (76). Normally this may pose a good selling opportunity but since the ETF has broken the trend up, the chance for a major correction due to high RSI is very small as the ETF will find support at the trend broken.
Our recommended stop-loss: $44.62 (-3.48%) (This ETF has medium daily movements and this gives medium risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from a pivot bottom found 33 days ago.)
Trading Expectations (FLTW) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Franklin FTSE Taiwan ETF to open at $46.17, and during the day (based on 14 day Average True Range), to move between $45.71 and $46.75, which gives a possible trading interval of +/-$0.517 (+/-1.12%) 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 2.24% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $42.92, some $3.31 (7.16%) from the current price of $46.23, our system finds the risk reward attractive.
Is Franklin FTSE Taiwan ETF ETF A Buy?
Franklin FTSE Taiwan holds several positive signals and has broken the weak rising trend up. As the ETF is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.008 Strong Buy Candidate Upgraded
Predicted Opening Price for Franklin FTSE Taiwan ETF of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| $46.17 ( 0.122%) | $46.23 |
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 | 46.44 | 0.463 % | |
| R2 | 46.34 | 0.239 % | ||
| R1 | 46.28 | 0.101 % | ||
| Current price: | 46.23 | |||
| Support | S1 | 46.07 | -0.346 % | |
| S2 | 46.01 | -0.484 % | ||
| S3 | 45.90 | -0.707 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 46.23 | |||
| Support | S1 | 42.92 | -7.16% | |
| S2 | 41.90 | -9.37% | ||
| S3 | 41.77 | -9.66% |
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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