FLAX Franklin FTSE Asia ex Japan ETF Forecast, Technical & Fundamental Analysis
The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE Asia ex Japan RIC Capped Index (the FTSE Asia ex Japan Capped Index)... Show more
FLAX's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for FLAX turned positive on June 09, 2025. Looking at past instances where FLAX's MACD turned positive, the stock continued to rise in of 46 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on June 04, 2025. You may want to consider a long position or call options on FLAX as a result. In of 86 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FLAX advanced for three days, in of 306 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 188 cases where FLAX Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where FLAX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
FLAX broke above its upper Bollinger Band on June 04, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
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General Information
Category PacificAsiaexJapanStk
FLAX and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, FLAX has been closely correlated with BBAX. These tickers have moved in lockstep 83% of the time. This A.I.-generated data suggests there is a high statistical probability that if FLAX jumps, then BBAX could also see price increases.
| Ticker / NAME | Correlation To FLAX | 1D Price Change % | ||
|---|---|---|---|---|
| FLAX | 100% | +0.24% | ||
| BBAX - FLAX | 83% Closely correlated | -0.33% | ||
| EPP - FLAX | 3% Poorly correlated | -0.32% | ||
| EEMA - FLAX | 3% Poorly correlated | +0.36% | ||
| AAXJ - FLAX | 2% Poorly correlated | +0.58% | ||
| AIA - FLAX | -0% Poorly correlated | +0.51% |