Franklin Resources Inc Forecast and Stock Analysis
Technical BEN stock analysis for Friday May 24, 2019.
|Shorts||8.85% ( 2019-04-15 )|
|Price to book||USD 1.70|
|Next Earnings Date||2019-07-26|
No changes to the price of Franklin Resources Inc in the last trading day ( Friday, 24th May 2019 ). During day the stock fluctuated 0.00% from a day low at $33.16 to a day high of $33.16. The price has fallen in 5 of the last 10 days and is down by -2.84% for this period.
- 30 day high of the BEN stock price was $35.80 and low was $32.62.
- 90 day high was $35.82 and low was $30.88.
- 52 week high for the Franklin Resources Inc - $35.82 and low - $27.34.
Franklin Resources Inc lies in the lower part of a wide and weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $32.89 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 5.5% during the next 3 months and, with 90% probability hold a price between $34.70 and $38.33 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday May 23, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Franklin Resources Inc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $33.40 and $34.36. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 38 and the stock is currently not being overbought or oversold
Support & Resistance
Franklin Resources Inc finds support from accumulated volume at $32.77.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.00 between high and low, or 0.00%. For the last week the stock has had a daily average volatility of 1.15%.
Our recommended stoploss: $31.09 (-6.24%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 1 days ago.)
1.15 %Average volatility
Very Low Low Medium High Very High
Franklin Resources Inc holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.
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|BEN $33.16 ($0.00 0.00%)|
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