FRANKLIN LTD. - 1H - Technical analysis published on 11/13/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
44%
39%
My opinion
Bullish above 6.48 USD
My targets
6.59 USD (+0.61%)
6.70 USD (+2.29%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 6.48 USD remains possible. It is advisable to trade FRANKLIN LTD. with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 6.48 USD. The next bullish objective for buyers is set at 6.59 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 6.70 USD. If there is any crossing, the next objective would be the resistance located at 6.76 USD. PS: if there is a bearish break in the support located at 6.48 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.6
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Additional analysis
Quotes
The FRANKLIN LTD. rating is 6.55 USD. The price registered a decrease of -0.15% on the session and was traded between 6.53 USD and 6.60 USD over the period. The price is currently at +0.31% from its lowest and -0.76% from its highest.6.53
6.60
6.55
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of FRANKLIN LTD. in 1H shows an overall bullish trend. 64.29% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.44 | 6.48 | 6.52 | 6.55 | 6.59 | 6.62 | 6.70 |
| Change (%) | -1.68% | -1.07% | -0.46% | - | +0.61% | +1.07% | +2.29% |
| Change | -0.11 | -0.07 | -0.03 | - | +0.04 | +0.07 | +0.15 |
| Level | Major | Major | Minor | - | Minor | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.41 | 6.46 | 6.51 | 6.56 | 6.61 | 6.66 | 6.71 |
| Camarilla | 6.53 | 6.54 | 6.55 | 6.56 | 6.57 | 6.58 | 6.59 |
| Woodie | 6.41 | 6.46 | 6.51 | 6.56 | 6.61 | 6.66 | 6.71 |
| Fibonacci | 6.46 | 6.50 | 6.52 | 6.56 | 6.60 | 6.62 | 6.66 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.29 | 6.36 | 6.48 | 6.55 | 6.67 | 6.74 | 6.86 |
| Camarilla | 6.54 | 6.56 | 6.57 | 6.59 | 6.61 | 6.63 | 6.64 |
| Woodie | 6.31 | 6.37 | 6.50 | 6.56 | 6.69 | 6.75 | 6.88 |
| Fibonacci | 6.36 | 6.44 | 6.48 | 6.55 | 6.63 | 6.67 | 6.74 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.06 | 6.25 | 6.38 | 6.57 | 6.70 | 6.89 | 7.02 |
| Camarilla | 6.42 | 6.45 | 6.48 | 6.51 | 6.54 | 6.57 | 6.60 |
| Woodie | 6.03 | 6.24 | 6.35 | 6.56 | 6.67 | 6.88 | 6.99 |
| Fibonacci | 6.25 | 6.37 | 6.45 | 6.57 | 6.69 | 6.77 | 6.89 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 53.70 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 10.23 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 6.56 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.61 | |
| Elder Ray (13): | 0.02 | |
| Super Trend (3,10): | 6.59 | |
| Zig ZAG (10): | 6.55 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 22.87 | |
| TEMA (21): | 6.54 | |
| Williams %R (14): | -68.18 | |
| Chande Momentum Oscillator (20): | -0.05 | |
| Repulse (5,40,3): | -0.9000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 1.75 |
| MA7: | 6.56 | |
| MA20: | 6.54 | |
| MA50: | 6.59 | |
| MA100: | 6.47 | |
| MAexp7: | 6.54 | |
| MAexp20: | 6.56 | |
| MAexp50: | 6.55 | |
| MAexp100: | 6.55 | |
| Price / MA7: | -0.15% | |
| Price / MA20: | +0.15% | |
| Price / MA50: | -0.61% | |
| Price / MA100: | +1.24% | |
| Price / MAexp7: | +0.15% | |
| Price / MAexp20: | -0.15% | |
| Price / MAexp50: | -0% | |
| Price / MAexp100: | -0% |
Quotes :
-
15 min delayed data
-
NYSE MKT Stocks
News
The last news published on FRANKLIN LTD. at the time of the generation of this analysis was as follows:
- Franklin Limited Duration Income Trust Declares Monthly Distribution
- Franklin Limited Duration Income Trust Announces Sources of Monthly Dividend Distribution
- Franklin Limited Duration Income Trust Declares Monthly Distribution
- Franklin Limited Duration Income Trust Announces Sources of Monthly Dividend Distribution
- Franklin Limited Duration Income Trust Declares Monthly Distribution
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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