Franklin Resources, Inc. (NYSE: NYSE:BEN ) unveils its second-quarter financial performance, showcasing resilience and strategic prowess amidst evolving market dynamics. With a nuanced approach to financial management and a focus on innovation, the company navigates challenges while charting a path toward sustained growth.
The reported net income of $124.2...
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.
Let me know what you think in the comments and leave a like if you agree with my analysis! 👍🏽
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...
