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FLMX
ETF ticker: NYSE ARCA
AS OF
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Net Assets
31.84M

FLMX Franklin FTSE Mexico ETF Forecast, Technical & Fundamental Analysis

Category Miscellaneous
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for FLMX with price predictions
08:00 PM EDT Sep 20, 2023

FLMX in upward trend: price may jump up because it broke its lower Bollinger Band on September 05, 2023

FLMX may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 42 cases where FLMX's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where FLMX's RSI Oscillator exited the oversold zone, of 26 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on September 19, 2023. You may want to consider a long position or call options on FLMX as a result. In of 90 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for FLMX just turned positive on September 20, 2023. Looking at past instances where FLMX's MACD turned positive, the stock continued to rise in of 47 cases over the following month. 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 FLMX advanced for three days, in of 337 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 66 cases where FLMX's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

FLMX moved below its 50-day moving average on August 31, 2023 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where FLMX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Industry description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE Mexico RIC Capped Index (the FTSE Mexico Capped Index). Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the FTSE Mexico Capped Index and in depositary receipts representing such securities. The FTSE Mexico Capped Index is based on the FTSE Mexico Index and is designed to measure the performance of Mexican large- and mid-capitalization stocks. The fund is non-diversified.

High and low price notable news

The average weekly price growth across all stocks in the Franklin FTSE Mexico ETF ETF was 1%. For the same ETF, the average monthly price growth was 10%, and the average quarterly price growth was 16%. OMAB experienced the highest price growth at -1%, while RA experienced the biggest fall at -2%.
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A.I. Advisor
published General Information

General Information

Category Miscellaneous

Profile
Fundamentals
Details
Category
Miscellaneous Region
Address
Franklin Templeton ETF TrustONE FRANKLIN PARKWAYSAN MATEO
Phone
N/A
Web
etf.franklintempleton.com
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FLMX and

Correlation & Price change

A.I.dvisor tells us that FLMX and EWA have been poorly correlated (+22% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that FLMX and EWA's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To FLMX
1D Price
Change %
FLMX100%
-1.75%
EWA - FLMX
22%
Poorly correlated
-3.17%
EWY - FLMX
21%
Poorly correlated
-2.64%
EWU - FLMX
20%
Poorly correlated
-1.11%
EWC - FLMX
17%
Poorly correlated
-2.16%
BBCA - FLMX
17%
Poorly correlated
-2.23%