Technical Analysis for FT - Franklin Universal Trust

Grade Last Price % Change Price Change
A 6.79 -0.29% -0.02
FT closed down 0.29 percent on Monday, July 1, 2024, on 1.38 times normal volume. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Flat

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish 0.00%
Lizard Bearish Bearish Day Trade Setup 0.00%
Bollinger Band Squeeze Range Contraction 0.00%
Doji - Bearish? Reversal 0.00%
Stochastic Reached Overbought Strength 0.00%
BB Squeeze Started Range Contraction 0.00%
Overbought Stochastic Strength 0.00%
Gapped Down Weakness 0.00%
Crossed Above 20 DMA Bullish -0.44%
Outside Day Range Expansion -0.44%

   Recent Intraday Alerts

Alert Time
Gapped Down (Partial) about 10 hours ago
2x Volume Pace about 10 hours ago
1.5x Volume Pace about 10 hours ago
Rose Above Previous Day's High 3 days ago
Rose Above 20 DMA 4 days ago

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Profile

Franklin Universal Trust is a closed-ended fund balanced mutual fund launched by Franklin Resources Inc. The fund is managed by Franklin Advisers, Inc. It invests in the public equity and fixed income markets of the United States. The fund invests in companies operating in utility sector. It employs fundamental analysis to invest in a diversified portfolio of corporate bonds and dividend paying utility stocks. The fund benchmarks the equity component of its balanced portfolio against the S&P 500 Electric Utilities Index and the fixed component against the Credit Suisse High Yield. Franklin Universal Trust was formed on September 23, 1988 and is domiciled in the United States.
Classification

Sector: Financial Services
Industry: Asset Management
Keywords: Bond Stock Fund Mutual Fund Bond Fund Electric Utilities Credit Suisse Franklin Templeton Investments Utilities Index

Is FT a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 6.9063
52 Week Low 5.6691
Average Volume 43,308
200-Day Moving Average 6.35
50-Day Moving Average 6.71
20-Day Moving Average 6.78
10-Day Moving Average 6.76
Average True Range 0.07
RSI (14) 54.95
ADX 19.04
+DI 27.06
-DI 14.60
Chandelier Exit (Long, 3 ATRs) 6.71
Chandelier Exit (Short, 3 ATRs) 6.88
Upper Bollinger Bands 6.85
Lower Bollinger Band 6.70
Percent B (%b) 0.58
BandWidth 2.30
MACD Line 0.02
MACD Signal Line 0.02
MACD Histogram -0.0012
Fundamentals Value
Market Cap 170.65 Million
Num Shares 25.1 Million
EPS -0.15
Price-to-Earnings (P/E) Ratio -45.27
Price-to-Sales 10.25
Price-to-Book 0.89
PEG Ratio 0.00
Dividend 0.57
Dividend Yield 8.39%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 6.88
Resistance 3 (R3) 6.89 6.87 6.87
Resistance 2 (R2) 6.87 6.85 6.87 6.86
Resistance 1 (R1) 6.83 6.83 6.82 6.82 6.85
Pivot Point 6.81 6.81 6.81 6.81 6.81
Support 1 (S1) 6.77 6.79 6.76 6.76 6.73
Support 2 (S2) 6.75 6.77 6.75 6.72
Support 3 (S3) 6.71 6.75 6.72
Support 4 (S4) 6.70