Technical Analysis for FLMB - Franklin Templeton ETF Trust Franklin Liberty Municipal Bond ETF

Grade Last Price % Change Price Change
F 26.74 -0.56% -0.15
FLMB closed down 0.68 percent on Wednesday, February 24, 2021, on 4 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The stock fell below its 200 day moving average, damaging its long-term outlook by crossing under that critical trendline. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

Trend Table & Recent EOD Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down
Historical FLMB trend table...

Date Alert Name Type % Chg
Fell Below 200 DMA Bearish -0.56%
Narrow Range Bar Range Contraction -0.56%
NR7 Range Contraction -0.56%
Lower Bollinger Band Walk Weakness -0.56%
Below Lower BB Weakness -0.56%
Down 3 Days in a Row Weakness -0.56%
Down 4 Days in a Row Weakness -0.56%
Down 5 Days in a Row Weakness -0.56%
Gapped Down Weakness -0.56%
Oversold Stochastic Weakness -0.56%
Older End-of-Day Signals for FLMB ...

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Profile

The investment seeks a high level of current income that is exempt from federal income taxes. Under normal market conditions, the fund invests at least 80% of its net assets in municipal securities whose interest is free from federal income taxes, including the federal alternative minimum tax. Although the fund tries to invest all of its assets in tax-free securities, it is possible that up to 20% of the fund's net assets may be in securities that pay interest that may be subject to the federal alternative minimum tax and, although not anticipated, in securities that pay taxable interest.
Classification

Keywords: Exchange Traded Fund ETF Institutional Investors Municipal Bond Alternative Minimum Tax Taxation In Canada Capital Gains Tax Income Tax Taxation In Australia Taxation Of Private Equity And Hedge Funds

Is FLMB a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 27.75
52 Week Low 23.32
Average Volume 38,268
200-Day Moving Average 26.94
50-Day Moving Average 27.42
20-Day Moving Average 27.50
10-Day Moving Average 27.43
Average True Range 0.11
ADX 29.47
+DI 9.87
-DI 51.70
Chandelier Exit (Long, 3 ATRs ) 27.41
Chandelier Exit (Short, 3 ATRs ) 27.23
Upper Bollinger Band 27.92
Lower Bollinger Band 27.08
Percent B (%b) -0.23
BandWidth 3.04
MACD Line -0.07
MACD Signal Line 0.01
MACD Histogram -0.0858
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 26.97
Resistance 3 (R3) 26.97 26.96 26.95
Resistance 2 (R2) 26.96 26.94 26.95 26.95
Resistance 1 (R1) 26.92 26.93 26.92 26.92 26.94
Pivot Point 26.91 26.91 26.90 26.90 26.91
Support 1 (S1) 26.87 26.89 26.87 26.87 26.84
Support 2 (S2) 26.86 26.88 26.85 26.83
Support 3 (S3) 26.82 26.86 26.83
Support 4 (S4) 26.82