Toronto Stock Exchange
Tickers analyzed: 1 015 | Updated: 2019-07-19 | Next Update: 2019-07-22
Today's Case: Franco-Nevada Corporation (FNV)
Bullish vs. Bearish (1 opinions)
Social Sentiment 0.00
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.
- 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.
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.
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
* Stockinvest.us 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.
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
Very Low Low Medium High Very High
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.
Top Buy Candidates
Top Sell Candidates
Chg: -0.78% Price: Can$25.50