Franklin Resources Inc BEN Trading Signals

Source: Stock Traders Daily

Longer Term Trading Plans for BEN
  • Buy BEN over 25.79 target 29.20 stop loss @ 25.72 Details
  • The technical summary data tells us to buy BEN near 25.79 with an upside target of 29.20. This data also tells us to set a stop loss @ 25.72 to protect against excessive loss in case the stock begins to move against the trade. 25.79 is the first level of support below 27.63 , and by rule, any test of support is a buy signal. In this case, support 25.79 is being tested, a buy signal would exist.

  • Short BEN under 29.20, target 25.79, stop loss @ 29.28 Details
  • The technical summary data is suggesting a short of BEN as it gets near 29.20 with a downside target of 25.79. We should have a stop loss in place at 29.28though. 29.20 is the first level of resistance above 27.63, and by rule, any test of resistance is a short signal. In this case, if resistance 29.20 is being tested, a short signal would exist.

Swing Trading Plans for BEN
  • Buy BEN over 28.33, target 29.20, Stop Loss @ 28.25 Details
  • If 28.33 begins to break higher, the technical summary data tells us to buy BEN just over 28.33, with an upside target of 29.20. The data also tells us to set a stop loss @ 28.25 in case the stock turns against the trade. 28.33 is the first level of resistance above 27.63, and by rule, any break above resistance is a buy signal. In this case, 28.33, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short BEN near 28.33, target 26.96, Stop Loss @ 28.41. Details
  • The technical summary data is suggesting a short of BEN if it tests 28.33 with a downside target of 26.96. We should have a stop loss in place at 28.41 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 28.33, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for BEN
  • Buy BEN over 27.83, target 28.33, Stop Loss @ 27.77 Details
  • If 27.83 begins to break higher, the technical summary data tells us to buy BEN just over 27.83, with an upside target of 28.33. The data also tells us to set a stop loss @ 27.77 in case the stock turns against the trade. 27.83 is the first level of resistance above 27.63, and by rule, any break above resistance is a buy signal. In this case, 27.83, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short BEN near 27.83, target 26.96, Stop Loss @ 27.89. Details
  • The technical summary data is suggesting a short of BEN if it tests 27.83 with a downside target of 26.96. We should have a stop loss in place at 27.89 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 27.83, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

BEN Ratings for August 05:

Term →Near Mid Long
Rating Strong Strong Weak
P1 0 0 22.49
P2 27.83 26.96 25.79
P3 29.16 28.33 29.20

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BEN Long Term Analysis for August 5 2022


BEN Swing Trading Analysis for August 5 2022


BEN Day Trading Analysis for August 5 2022

Trading Franklin Resources Inc (NYSE: BEN) can be efficient and rewarding, especially in volatile markets, so long as the important pivot points for the stock are observed before making decisions to buy, sell, or short.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for BEN change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if BEN is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

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