BEN NYSE
Franklin Resources
SELL
Close
24.01
Prev.Close
24.71
Change
-0.7000
Change%
-2.83%
BEARISH DOJI STAR
Sold at
24.44
Open
24.55
High
24.71
Low
23.86
Close
24.01
Gain%
-1.76%
Signal History
Pattern & Confirmation Chart for the Last 6 Months
Our system’s recommendation today is to SELL. The BEARISH DOJI STAR pattern finally received a confirmation because the prices crossed below the confirmation level which was at 24.66, and our valid average selling price stands now at 24.44. The previous BUY signal was issued on 05/26/2023, 5 days ago, when the stock price was 24.49. Since then BEN has fallen by -0.20%.
The market ran out of steam and the traders are now more in agreement about the bearishness. The evidence is strong enough to prompt the closing of long positions. Today’s candlestick has a black body and its close is below the confirmation level. The bearish pattern that was previously identified is finally confirmed and a <SELL signal is generated. You still have time to follow the signal and then you may start checking other securities for a bullish bet.
This pattern appears in an uptrend and warns that the trend will change. It consists of a white candlestick and a Doji with a gap up at the opening. If the Doji is in the form of an Umbrella the pattern is called “Bearish Dragonfly Doji”. In case of an Inverted Umbrella it is called “Bearish Gravestone Doji”. Here, all these patterns are subsumed under the name: “Bearish Doji Star”, regardless of the shape of the Doji. more...
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