Franklin Templeton Trust Liberty ETF Forecast
Franklin Templeton Trust Liberty ETF price down 0.227% on Friday
(Updated on Jan 17, 2020)
The Franklin Templeton Trust Liberty ETF price fell by -0.227% on the last day (Friday, 17th Jan 2020) from $26.42 to $26.36. During the last trading day the ETF fluctuated 0.152% from a day low at $26.32 to a day high of $26.36. The price has fallen in 5 of the last 10 days but is still up by 0.55% over the past 2 weeks. Volume has increased on the last day by 5 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 5 thousand shares were bought and sold for approximately $128.69 thousand.
The ETF is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $26.34 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Franklin Templeton Trust Liberty ETF with a 90% probability to be traded between $26.69 and $26.83 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
FLMB Signals & Forecast
The Franklin Templeton Trust Liberty 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 $26.28 and $25.19. 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). 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 Tuesday, November 30, -1. Further fall is indicated until a new bottom pivot has been found. Franklin Templeton Trust Liberty gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Franklin Templeton Trust Liberty ETF
Franklin Templeton Trust Liberty finds support from accumulated volume at $26.35 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 $0.0400 between high and low, or 0.152%. For the last week the ETF has had daily average volatility of 0.131%.
Our recommended stop-loss: $1.32 (-5.00%) (Unable to calculate.)
Trading Expectations (FLMB) For The Upcoming Trading Day Of Tuesday 21st
Since the stock is closer to the support from accumulated volume at $26.35 (0.06%) than the resistance at $26.38 (0.09%), 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 Templeton ETF Trust Liberty Municipal Bond ETF A Buy?
Franklin Templeton Trust Liberty holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Franklin Templeton ETF Trust Liberty Municipal Bond of Tuesday, January 21, 2020
| Fair opening price January 21, 2020 | Current price |
|---|---|
| $26.35 ( 0.0506%) | $26.36 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FLMB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.39 | 0.101 % | |
| R2 | 26.37 | 0.0432 % | ||
| R1 | 26.36 | 0.0074 % | ||
| Current price: | 26.36 | |||
| Support | S1 | 26.33 | -0.109 % | |
| S2 | 26.32 | -0.144 % | ||
| S3 | 26.31 | -0.202 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 26.42 | 0.228 % | ||
| R1 | 26.38 | 0.0869 % | ||
| Current price | 26.36 | |||
| Support | S1 | 26.35 | -0.0569% | |
| S2 | 26.09 | -1.01% | ||
| S3 | 26.05 | -1.18% |
FAQ
Click here for our free guide on how to buy Franklin Templeton ETF Trust Liberty Municipal Bond ETF.
