Franklin Federal Tax Free Fund Technical Analysis

FRFTX Fund  USD 10.82  0.01  0.09%   
As of the 28th of March, Franklin Federal shows the Mean Deviation of 0.1254, downside deviation of 0.2514, and Semi Deviation of 0.1427. Franklin Federal Tax-free technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the entity's future prices. Put another way, you can use this information to find out if the entity will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate and analyze data for nineteen technical drivers for Franklin Federal Tax Free, which can be compared to its rivals. Please confirm Franklin Federal Tax-free standard deviation, as well as the relationship between the value at risk and kurtosis to decide if Franklin Federal Tax-free is priced favorably, providing market reflects its regular price of 10.82 per share.

Franklin Federal Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Franklin, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Franklin
  
Franklin Federal's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
Franklin Federal technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
A focus of Franklin Federal technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Franklin Federal trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Franklin Federal Tax-free Technical Analysis

Indicator
Time Period
Execute Indicator
The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Franklin Federal Tax-free volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Franklin Federal Tax-free Trend Analysis

Use this graph to draw trend lines for Franklin Federal Tax Free. You can use it to identify possible trend reversals for Franklin Federal as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Franklin Federal price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Franklin Federal Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Franklin Federal Tax Free applied against its price change over selected period. The best fit line has a slop of    , which means Franklin Federal Tax Free will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.1, which is the sum of squared deviations for the predicted Franklin Federal price change compared to its average price change.

About Franklin Federal Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Franklin Federal Tax Free on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Franklin Federal Tax Free based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Franklin Federal Tax-free price pattern first instead of the macroeconomic environment surrounding Franklin Federal Tax-free. By analyzing Franklin Federal's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Franklin Federal's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Franklin Federal specific price patterns or momentum indicators. Please read more on our technical analysis page.

Franklin Federal March 28, 2024 Technical Indicators

Most technical analysis of Franklin help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Franklin from various momentum indicators to cycle indicators. When you analyze Franklin charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Franklin Federal Tax-free One Year Return

Based on the recorded statements, Franklin Federal Tax Free has an One Year Return of 4.303%. This is 20.61% lower than that of the Franklin Templeton Investments family and significantly higher than that of the Muni National Long category. The one year return for all United States funds is notably lower than that of the firm.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.

Franklin Federal March 28, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Franklin stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Franklin Federal Tax Free. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.

Complementary Tools for Franklin Mutual Fund analysis

When running Franklin Federal's price analysis, check to measure Franklin Federal's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Franklin Federal is operating at the current time. Most of Franklin Federal's value examination focuses on studying past and present price action to predict the probability of Franklin Federal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Franklin Federal's price. Additionally, you may evaluate how the addition of Franklin Federal to your portfolios can decrease your overall portfolio volatility.
Money Flow Index
Determine momentum by analyzing Money Flow Index and other technical indicators
Portfolio Suggestion
Get suggestions outside of your existing asset allocation including your own model portfolios
Odds Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Correlation Analysis
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
Earnings Calls
Check upcoming earnings announcements updated hourly across public exchanges
AI Portfolio Architect
Use AI to generate optimal portfolios and find profitable investment opportunities
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Sectors
List of equity sectors categorizing publicly traded companies based on their primary business activities
Please note, there is a significant difference between Franklin Federal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Franklin Federal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Franklin Federal's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.