Toronto Stock Exchange

Tickers analyzed: 1 015 | Updated: 2019-07-19 | Next Update: 2019-07-22

294 Buy Candidates
264 Hold Candidates
457 Sell Candidates

Today's Case: Franco-Nevada Corporation (FNV)




Bullish vs. Bearish (1 opinions)
Social Sentiment 0.00

Will FNV.TO stock price go up or down on Mon, 22 Jul 2019?


FNV.TO Forecast and Technical Stock Analysis

Buy candidate since 2019-07-04 Gain 7.58%

Franco-Nevada Corporation gained 0.94% in the last trading day ( Friday, 19th Jul 2019 ), rising from Can$116.76 to Can$117.86 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 1.77% from a day low at Can$116.40 to a day high of Can$118.46. The price has risen in 8 of the last 10 days and is up by 7.79% over the past 2 weeks. Volume fell in the last day by -41 112 shares and in total, 739 207 shares bought and sold for approximately Can$87.12 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Quick summary:

  • 30 day high of the FNV.TO stock price was Can$118.46 and low was Can$105.70.
  • 90 day high was Can$118.46 and low was Can$93.24.
  • 52 week high for Franco-Nevada Corporation - Can$118.46 and low - Can$76.53.
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Franco-Nevada Corporation lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 21.82% during the next 3 months and, with 90% probability hold a price between Can$136.04 and Can$146.03 at the end of this period.

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Only positive signals in the chart today. Franco-Nevada Corporation holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at Can$113.61 and Can$108.87. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday July 05, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 72 and the stock is currently not being overbought or oversold

* uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at Can$110.60 and Can$104.36.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Franco-Nevada Corporation finds support just below today's level at Can$110.60. If this is broken, then the next support from accumulated volume will be at Can$104.36 and Can$102.18.

Support: Can$110.60 Price: Can$117.86


This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved Can$2.06 (1.77%) between high and low. For the last week, the stock has had daily average volatility of 2.15%.

Our recommended stop-loss: Can$113.51 (-3.69%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 10 days ago.)

2.15 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Strong Buy Candidate Downgraded


Franco-Nevada Corporation holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

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