RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of FT
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Green day on Thursday for Franklin Universal Trust stock after gaining 0.606%
(Updated on Mar 28, 2024)

Buy candidate since Mar 27, 2024 Gain 0.61% PDF

The Franklin Universal Trust stock price gained 0.606% on the last trading day (Thursday, 28th Mar 2024), rising from $6.60 to $6.64. It has now gained 5 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 stock fluctuated 0.606% from a day low at $6.60 to a day high of $6.64. The price has risen in 8 of the last 10 days and is up by 2.15% 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, 11 thousand more shares were traded than the day before. In total, 79 thousand shares were bought and sold for approximately $523.28 thousand.

The stock has broken the narrow and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $6.56 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach $6.78 sometime during the next 3 months.

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FT Signals & Forecast

The Franklin Universal Trust stock 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 $6.53 and $6.51. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, February 26, 2024, and so far it has risen 3.43%. Further rise is indicated until a new top pivot has been found. Franklin Universal Trust 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Tuesday, March 26, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, March 26, 2024.

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 stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Tuesday, March 26, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, March 26, 2024.

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 stock in question.
Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Tuesday, March 26, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, March 26, 2024.

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 stock in question.
Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation A buy signal from a double bottom formation was found on Monday, February 26, 2024 and based on theory for this formation the price should go up by 0.87% to $6.70 within 25 trading days since signal was issued (Monday, April 01, 2024).

Support, Risk & Stop-loss for Franklin Universal Trust stock

Franklin Universal Trust finds support from accumulated volume at $6.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0400 between high and low, or 0.606%. For the last week the stock has had daily average volatility of 0.692%.

Our recommended stop-loss: $6.27 (-5.61%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 23 days ago.)

Trading Expectations (FT) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Franklin Universal Trust to open at $6.63, and during the day (based on 14 day Average True Range), to move between $6.58 and $6.70, which gives a possible trading interval of +/-$0.0631 (+/-0.95%) up or down from last closing price. If Franklin Universal Trust takes out the full calculated possible swing range there will be an estimated 1.90% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $6.65 (0.15%) than the support at $6.50 (2.11%), 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 Universal Trust stock A Buy?

Several short-term signals are positive and the stock has broken the horizontal trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Franklin Universal Trust stock to perform well in the short-term period.

Current score: 1.269 Buy Candidate Unchanged

Predicted Opening Price for Franklin Universal Trust of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$6.63 ( 0.201%) $6.64

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for FT

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 6.67 0.402 %
R2 6.65 0.171 %
R1 6.64 0.0293 %
Current price: 6.64
Support S1 6.61 -0.431 %
S2 6.60 -0.573 %
S3 6.59 -0.80 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 6.70 0.87 %
R2 6.68 0.602 %
R1 6.65 0.151 %
Current price 6.64
Support S1 6.50 -2.11%
S2 6.47 -2.56%
S3 6.45 -2.86%

FT Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 07, 2024 Mar 18, 2024 Mar 28, 2024 $0.0425 0.641%
2 Feb 08, 2024 Feb 16, 2024 Feb 29, 2024 $0.0425 0.656%
3 Jan 08, 2024 Jan 18, 2024 Jan 31, 2024 $0.0425 0.650%
4 Dec 15, 2023 Dec 15, 2023 Dec 29, 2023 $0.0425 0.639%
5 Nov 07, 2023 Nov 16, 2023 Nov 30, 2023 $0.0430 0.662%

FAQ

What is the symbol for Franklin Universal Trust Stock and on which exchange is it traded?
The symbol for Franklin Universal Trust is FT and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Franklin Universal Trust Stock?
Several short-term signals are positive and the stock has broken the horizontal trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Franklin Universal Trust stock to perform well in the short-term period.

How to buy Franklin Universal Trust Stock?
Franklin Universal Trust Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Franklin Universal Trust Stock.

What's the current price of Franklin Universal Trust Stock?
As of the end of day on the 2024-03-28, the price of an Franklin Universal Trust (FT) share was $6.64.

What is the 52-week high and low for Franklin Universal Trust Stock?
The 52-week high for Franklin Universal Trust Stock is $7.23 and the 52-week low is $5.97.

What is the market capitalization of Franklin Universal Trust Stock?
As of the 2024-03-28, the market capitalization of Franklin Universal Trust is 166.876M.
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About Franklin Universal Trust

Franklin Universal Trust is a closed-ended balanced mutual fund launched by Franklin Resources, Inc. The fund is managed by Franklin Advisers, Inc. It invests in the public equity and fixed income markets of the United States. The fund invests in companies operating in utility sector. It employs fundamental analysis to invest in a diversified portfolio of corporate bonds and dividend paying utility stocks. The fund benchmarks the equity component... FT Profile

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