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FLMX Stock Tickeron detected bullish ETF Pattern: Triangle Symmetrical Bottom FLMX on April 02, 2025, netting in a 7.32% gain over 3 weeks

A.I.dvisor
at Tickeron.com
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+7.32% Gain from a Successful pattern Triangle Symmetrical Bottom
FLMX - Franklin FTSE Mexico ETF
Tickeron
Ticker: FLMX
Company: Franklin FTSE Mexico ETF
Gain: +7.32%
Confirmed: 04/02/25
Succeeded: 04/22/25
Total length: 27 days
On March 26, 2025, A.I.dvisor detected a Triangle Symmetrical Bottom Pattern (Bullish) for Franklin FTSE Mexico ETF (FLMX, $25.55). On April 02, 2025, A.I.dvisor confirmed the Bullish pattern, setting a target price of $27.48. 20 days later, on April 22, 2025, FLMX reached the target price resulting in a for traders who took a long position in the stock.

Momentum Indicator for FLMX turns positive, indicating new upward trend

FLMX saw its Momentum Indicator move above the 0 level on April 14, 2025. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 82 similar instances where the indicator turned positive. In of the 82 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for FLMX just turned positive on April 15, 2025. Looking at past instances where FLMX's MACD turned positive, the stock continued to rise in of 50 cases over the following month. The odds of a continued upward trend are .

FLMX moved above its 50-day moving average on April 14, 2025 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for FLMX crossed bullishly above the 50-day moving average on April 21, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 21 past instances when the 10-day crossed above the 50-day, the stock continued to move higher 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 349 cases, the price rose further within the following month. The odds of a continued upward trend are .

FLMX may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 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 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 .

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FLMX
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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