FLAX Stock Summary and Trading Ideas (Franklin FTSE Asia Ex Japan ETF | ARCA:FLAX)

Franklin FTSE Asia ex Japan ETF seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE Asian ex Japan Capped Index. FTSE Asia ex Japan Capped Index is a market-capitalization weighted index representing the performance of Asian large and mid capitalization stocks.

Franklin FTSE Asia Ex Japan ETF trades on the ARCA stock market under the symbol FLAX.

As of April 23, 2024, FLAX stock price climbed to $21.52 with 810 million shares trading.

FLAX has a market cap of $34.43 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, FLAX stock traded as high as $29.99 and as low as $17.50.

FLAX stock has underperformed the market in the last year with a return of +4.8%, while SPY returned +24.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in FLAX shares. However, FLAX has outperformed the market in the last 3 month and 2 week periods, returning +7.2% and -1.9%, while SPY returned +4.9% and -2.5%, respectively. This indicates FLAX has been having a stronger performance recently.

FLAX support price is $21.14 and resistance is $21.48 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FLAX stock will trade within this expected range on the day.