Trend Tracker for Franklin Resources Inc BEN

Longer Term Trading Plans for BEN
  • Buy BEN slightly over 25.42 target n/a stop loss @ 25.35. Details
  • The technical summary data tells us to buy BEN near 25.42, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 25.35 to protect against excessive loss in case the stock begins to move against the trade. 25.42 is the first level of support below 26.15, and by rule, any test of support is a buy signal. In this case, if support 25.42 is being tested, a buy signal would exist.

  • NONE . Details
  • NONE .
    There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for BEN
  • Buy BEN slightly over 28.33, target n/a, Stop Loss @ 28.25 Details
  • If 28.33 begins to break higher, the technical summary data tells us to buy BEN just slightly over 28.33, with an upside target of n/a. 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 26.15, 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 slightly near 28.33, target 26.02, 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 26.02. 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 slightly over 26.90, target 28.33, Stop Loss @ 26.84 Details
  • If 26.90 begins to break higher, the technical summary data tells us to buy BEN just slightly over 26.90, with an upside target of 28.33. The data also tells us to set a stop loss @ 26.84 in case the stock turns against the trade. 26.90 is the first level of resistance above 26.15, and by rule, any break above resistance is a buy signal. In this case, 26.90, 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 slightly near 26.90, target 26.02, Stop Loss @ 26.96. Details
  • The technical summary data is suggesting a short of BEN if it tests 26.90 with a downside target of 26.02. We should have a stop loss in place at 26.96 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, 26.90, 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 November 20:

Term →Near Mid Long
Rating Strong Strong Weak
P1 0 0 19.64
P2 25.68 26.02 22.48
P3 26.90 28.33 25.42
Triggers may have already come
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Chart of BEN with Longer Term Pivots

Blue = Current Price
Red= Resistance
Green = Support


BEN Long Term Analysis for November 20 2022

The data for Franklin Resources Inc (NYSE: BEN) herein utilizes proprietary algorithms produced by Stock Traders Daily and refined since the turn of the century.

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.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

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.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for BEN too.  All of these are offered below the Summary Table.

Graph of Evitar Corte vs S&P 500

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