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Learn to Evaluate Franklin Resources Inc (BEN) using the Charts

When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Franklin Resources Inc (NYSE: BEN) report below can help you understand how to do this. The trading plans for BEN, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for BEN
  • NONE. Details
  • There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
    This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

  • Short BEN under 24.61, target n/a, stop loss @ 24.68 Details
  • The technical summary data is suggesting a short of BEN as it gets near 24.61, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 24.68. 24.61 is the first level of resistance above 23.58, and by rule, any test of resistance is a short signal. In this case, if resistance 24.61 is being tested, so a short signal would exist.

Swing Trading Plans for BEN
  • Buy BEN slightly over 23.66, target 24.61, Stop Loss @ 23.59 Details
  • If 23.66 begins to break higher, the technical summary data tells us to buy BEN just slightly over 23.66, with an upside target of 24.61. The data also tells us to set a stop loss @ 23.59 in case the stock turns against the trade. 23.66 is the first level of resistance above 23.58, and by rule, any break above resistance is a buy signal. In this case, 23.66, 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 23.66, target n/a, Stop Loss @ 23.73. Details
  • The technical summary data is suggesting a short of BEN if it tests 23.66 with a downside target of n/a. We should have a stop loss in place at 23.73 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, 23.66, 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 slightly over 23.73, target 24.61, Stop Loss @ 23.67 Details
  • If 23.73 begins to break higher, the technical summary data tells us to buy BEN just slightly over 23.73, with an upside target of 24.61. The data also tells us to set a stop loss @ 23.67 in case the stock turns against the trade. 23.73 is the first level of resistance above 23.58, and by rule, any break above resistance is a buy signal. In this case, 23.73, 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 23.73, target 22.57, Stop Loss @ 23.79. Details
  • The technical summary data is suggesting a short of BEN if it tests 23.73 with a downside target of 22.57. We should have a stop loss in place at 23.79 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, 23.73, 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 July 04:

Term →Near Mid Long
Rating Weak Neutral Weak
P1 0 0 24.61
P2 22.57 23.66 27.86
P3 23.73 25.30 31.21
Triggers may have already come
Support and Resistance Plot Chart for BEN

BEN Long Term Analysis for July 4 2022

Blue = Current Price
Red= Resistance
Green = Support

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