Franklin Resources (BEN)

We got a request for Franklin Resources (BEN). The company just reported earnings.

If BEN can sustain a post-earnings rally above the 26.08-26.25 range, it would confirm an August into early 2026 basing pattern with upside potential to 27.16 (61.8% extension of the April-August 2025 rally projected from the late November low) and then higher toward 30-31 (pattern target and 100% extension).

Rising 13-, 26-, and 40-day moving averages (DMAs) from 25.58 down to 24.47, along with chart support at 24.66, reinforce this bullish setup on the daily chart and provide risk management supports.

Solid readings for the on-balance-volume and volume advance decline indicators support this constructive setup for BEN.

Chart 1: Franklin Resources (BEN) (top), on-balance-volume (center), and volume advance decline indicator (bottom): Daily chart

In addition, BEN has a constructive trend with a bottom for the stock vs. the SPX and has provided new market leadership since late November.

One risk: daily MACD remains on a bearish signal. If BEN can break out, we need this indicator to flip positive for confirmation.

Chart 2: Franklin Resources (BEN) (top), versus the S&P 500 (center), and MACD (bottom): Daily chart