FLSP Franklin Systematic Style Premia ETF Forecast, Technical & Fundamental Analysis
FLSP in upward trend: price rose above 50-day moving average on November 17, 2023
FLSP moved above its 50-day moving average on November 17, 2023 date and that indicates a change from a downward trend to an upward trend. In of 50 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where FLSP's RSI Oscillator exited the oversold zone, of 15 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 November 17, 2023. You may want to consider a long position or call options on FLSP 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 FLSP just turned positive on November 13, 2023. Looking at past instances where FLSP's MACD turned positive, the stock continued to rise in of 51 cases over the following month. The odds of a continued upward trend are .
The 10-day moving average for FLSP crossed bullishly above the 50-day moving average on November 20, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 19 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 FLSP advanced for three days, in of 248 cases, the price rose further within the following month. The odds of a continued upward trend are .
FLSP 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 5 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 FLSP declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for FLSP entered a downward trend on November 27, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category LargeBlend
FLSP and
Correlation & Price change
A.I.dvisor tells us that FLSP and DALT have been poorly correlated (+3% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that FLSP and DALT's prices will move in lockstep.
| Ticker / NAME | Correlation To FLSP | 1D Price Change % | ||
|---|---|---|---|---|
| FLSP | 100% | +0.18% | ||
| DALT - FLSP | 3% Poorly correlated | +0.29% | ||
| HFND - FLSP | 2% Poorly correlated | -0.05% | ||
| QAI - FLSP | -6% Poorly correlated | +0.23% | ||
| HDG - FLSP | -13% Poorly correlated | -0.22% |