Franklin Resources Inc. ( NYSE:BEN ) has kicked off fiscal year 2024 on a robust note, showcasing its resilience and adaptability in a dynamic market environment. The financial results for the first quarter ended December 31, 2023, surpassed expectations, with adjusted earnings per share of 65 cents, marking a stellar 28% year-over-year increase. Let's delve into...
An interesting chart showing W patterns.
This is a bullish pattern or kind of neutral in my eyes. Only bullish when the right arm is experienced.
W patterns everywhere!
Notice how the stock remains above its 200-day, -week and -month simple moving averages, acting as major support.
Above 27.00 supports a bullish trend direction.
Increase long exposure for a break above 28.00.
The upside target is set at 31.00 (upper range of the Bollinger bands).
Stop-loss set at 25.00. Negate the trade for a break below this level.
Time horizon...
The PEAD projected a bullish outlook for $BEN after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 50%.
Franklin Resources, Inc. is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It launches equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries. The firm invests in the public equity, fixed income, and...
The PEAD projected a Neutral outlook for $BEN after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 85.71%.
The PEAD projected a Neutral outlook for $BEN after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 33.33%.
$BEN broke out of a bull flag on the hourly timeframe. Watch for continuation to the upside.
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Hey traders, FRANKLIN RESOURCES is in a bullish channel with large buy volume issued and a long legged doji. In the TIMEFRAME M1 we observed a hammer candle with an abnormal volume of purchase made, it goes to VWAP. There's a good chance she'll break it hard to get to the next high with a price breakout. We can go and test the top of the range and the breakout if...
Hey investors, FRANKLIN RESSOURCES is in an uptrend with low paid buy volume and a hammer bull candle. Looking at the TIMEFRAME M1 we see a bullish continuation, it is very likely that the title goes in the direction of its last precedent higher. Then two resistance to pass (See TIMEFRAME H4) to recover the losses of before image session on TIMEFRAME 15M. Little...
