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)

VOLUME
Sell
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell
Bullish vs. Bearish (1 opinions)
100%
0%
Social Sentiment 0.00

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

Predict

FNV.TO Forecast and Technical Stock Analysis

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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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Trend

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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Signals

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.

Support: Can$110.60 Price: Can$117.86

Risk

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

Evaluation

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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