Franklin Resources Inc

BEN remains in a Stage 2 advancing phase with a bullish medium- and long-term bias supported by the rising 200-day SMA. However, price has pulled back beneath the 9-, 20-, and 50-day EMAs and short-term momentum is waning, making now an unfavorable entry. Execution should be deferred, stalking for a shallow retracement into the EMA support cluster or a clear reclaim and acceptance above the EMAs before engaging.

• ↑AUM reached $1.8T in Q3, +22% YoY reflecting platform strength
• ↑$18.4B Q3 long-term net inflows, +40% QoQ shows client confidence
• ↓Adjusted net income declined 6.3% YoY in Q3, signaling profit pressure