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Mutual Trend Analysis Report
Prepared for you on Wednesday, April 24, 2024.
FRANKLIN FLOATING RATE DAILY ACCESS FUND CLASS R6 (NASDAQ:FFRDX)
Weak Downtrend (-65) - FFRDX is showing signs of a strengthening downtrend. Monitor FFRDX as it may be building momentum to the downside.
Is it time to buy, sell, or avoid FFRDX?
MarketClub looks at technical strength and momentum to determine if the timing is right for FFRDX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for FFRDX
The long-term trend has been UP since Jan 10th, 2023 at 7.41
The intermediate-term trend has been DOWN since Apr 5th, 2024 at 7.84
The short-term trend has been DOWN since Mar 26th, 2024 at 7.86
Smart Scan Analysis for FFRDX
Based on our trend formula, FFRDX is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
-70
Strong Downtrend
Sideways
Strong Uptrend
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.81 | 7.81 | 7.81 | 7.80 | -0.01 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.80 | 0 | 7.80 | 7.80 | 2024-04-17 20:00:00 |
| 52wk High | 7.86 | 52wk High Date | 2024-03-25 |
| 52wk Low | 7.46 | 52wk Low Date | 2023-06-01 |
| Year End Close | 7.76 | Payment Date | 2023-08-31 |
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