Franklin Libertyq Emerging Markets Ucits ETF Forecast
Franklin Libertyq Emerging Markets Ucits ETF upgraded from Sell Candidate to Buy Candidate after Friday trading session.
(Updated on Jun 28, 2024)
The Franklin Libertyq Emerging Markets Ucits ETF price gained 0.90% on the last trading day (Friday, 28th Jun 2024), rising from 25.42€ to 25.65€. During the last trading day the ETF fluctuated 1.29% from a day low at 25.56€ to a day high of 25.89€. The price has fallen in 6 of the last 10 days but is still up by 1.48% 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, 929 more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately 45.78€ thousand.
The ETF lies in the middle of a narrow and 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 4.80% during the next 3 months and, with a 90% probability hold a price between 26.38€ and 27.62€ at the end of this 3-month period.
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FLXE.F Signals & Forecast
The Franklin Libertyq Emerging Markets Ucits 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 25.57€ and 25.49€. 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 Libertyq Emerging Markets Ucits 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. The very low volume increases the risk and reduces the other technical signals issued. 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, June 19, 2024, and so far it has fallen -0.716%. Further fall is indicated until a new bottom pivot has been found. The ETF had a Golden Star Signal on Thursday, November 02, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star 12 Months
The ETF had a Golden Star Signal on Thursday, November 02, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
A sell signal from a double top formation was found on Wednesday, June 19, 2024 and based on theory for this formation the price should fall by -4.60% to 24.46€ within 17 trading days since signal was issued (Friday, July 12, 2024).
Support, Risk & Stop-loss for Franklin Libertyq Emerging Markets Ucits ETF
Franklin Libertyq Emerging Markets Ucits finds support from accumulated volume at 25.64€ 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 0.330€ between high and low, or 1.29%. For the last week the ETF has had daily average volatility of 0.753%.
Our recommended stop-loss: 24.66€ (-3.83%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (FLXE.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Franklin Libertyq Emerging Markets Ucits Etf to open at 25.70€, and during the day (based on 14 day Average True Range), to move between 25.37€ and 25.92€, which gives a possible trading interval of +/-0.276€ (+/-1.07%) up or down from last closing price. If Franklin Libertyq Emerging Markets Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 25.64€ (0.02%) than the resistance at 25.66€ (0.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Franklin Libertyq Emerging Markets Ucits 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 Libertyq Emerging Markets Ucits ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Buy candidate.
Current score: 4.676 Buy Candidate Upgraded
Predicted Opening Price for Franklin Libertyq Emerging Markets Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 25.70€ ( 0.208%) | 25.65€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FLXE.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 26.03 | 1.49% |
| R2 | 25.90 | 1.00% |
| R1 | 25.82 | 0.700% |
| Price | 25.65 | |
| S1 | 25.57 | -0.284% |
| S2 | 25.49 | -0.587% |
| S3 | 25.37 | -1.08% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.88 | 0.92% |
| R2 | 25.83 | 0.721% |
| R1 | 25.66 | 0.0585% |
| Price | 25.65 | |
| S1 | 25.64 | -0.0195% |
| S2 | 25.36 | -1.11% |
| S3 | 25.28 | -1.42% |
FAQ
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