Franklin Libertyq U.s. Equity Ucits Etf ETF Forecast
Green day on Friday for Franklin Libertyq U.s. Equity Ucits Etf ETF after gaining 0.429%
(Updated on Jun 28, 2024)
The Franklin Libertyq U.s. Equity Ucits Etf ETF price gained 0.429% on the last trading day (Friday, 28th Jun 2024), rising from 51.28€ to 51.50€. During the last trading day the ETF fluctuated 0.0194% from a day low at 51.49€ to a day high of 51.50€. The price has risen in 6 of the last 10 days and is up by 1.16% over the past 2 weeks.
The ETFis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at 51.86€ will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Franklin Libertyq U.s. Equity Ucits Etf ETF with a 90% probability to be traded between 50.20€ and 52.40€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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FLXU.F Signals & Forecast
The Franklin Libertyq U.s. Equity Ucits Etf ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately 51.52€. On a fall, the ETF will find some support from the long-term average at approximately 50.64€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -0.637%. Further fall is indicated until a new bottom pivot has been found. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Friday, May 31, 2024 and based on theory for this formation the price should go up by 0.82% to 51.92€ within 21 trading days since signal was issued (Monday, July 01, 2024).
Support, Risk & Stop-loss for Franklin Libertyq U.s. Equity Ucits Etf ETF
Franklin Libertyq U.s. Equity Ucits Etf finds support from accumulated volume at 50.80€ 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 0.0100€ between high and low, or 0.0194%. For the last week the ETF has had daily average volatility of 0.439%
Our recommended stop-loss: 49.90€ (-3.10%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (FLXU.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Franklin Libertyq U.s. Equity Ucits Etf to open at 51.50€, and during the day (based on 14 day Average True Range), to move between 51.23€ and 51.77€, which gives a possible trading interval of +/-0.271€ (+/-0.53%) up or down from last closing price. If Franklin Libertyq U.s. Equity Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 51.53€ (0.06%) than the support at 50.80€ (1.36%), 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 Libertyq U.s. Equity Ucits Etf ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Franklin Libertyq U.s. Equity Ucits Etf ETF to perform well in the short-term period.
Current score: 2.794 Buy Candidate Unchanged
Predicted Opening Price for Franklin Libertyq U.s. Equity Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 51.50€ ( 0.0065%) | 51.50€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FLXU.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 51.51 | 0.0129% |
| R2 | 51.50 | 0.0055% |
| R1 | 51.50 | 0.0009% |
| Price | 51.50 | |
| S1 | 51.49 | -0.0139% |
| S2 | 51.49 | -0.0185% |
| S3 | 51.49 | -0.0259% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 51.83 | 0.641% |
| R2 | 51.59 | 0.175% |
| R1 | 51.53 | 0.0583% |
| Price | 51.50 | |
| S1 | 50.80 | -1.36% |
| S2 | 49.98 | -2.95% |
| S3 | 49.40 | -4.08% |
FAQ
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