Franco-Nevada Corporation stock price ended at $137.10 on Monday, after gaining 0.84%
StockInvest.us, 1 week ago
The Franco-Nevada Corporation stock price gained 0.84% on the last trading day (Monday, 3rd Feb 2025), rising from $135.96 to $137.10. During the last trading day the stock fluctuated 2.50% from a day low at $135.47 to a day high of $138.85. The price has risen in 6 of the last 10 days and is up by 9% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 405 thousand more shares were traded than the day before. In total, 987 thousand shares were bought and sold for approximately $135.29 million.
On Oct 10, 2024, it was reported that National Bank gave FNV a "Sector Perform" grade with a "hold" action.
The stock lies in the middle of a wide and weak 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 6.37% during the next 3 months and, with a 90% probability hold a price between $128.46 and $151.32 at the end of this 3-month period.
Mostly positive signals in the chart today. The Franco-Nevada Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $132.89 and $124.28. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, November 13, 2024, and so far it has risen 21.07%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
On the downside, the stock finds support just below today's level from accumulated volume at $122.56 and $117.84.There is a 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 $122.56. If this is broken, then the next support from accumulated volume will be at $117.84 and $116.21.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $3.38 between high and low, or 2.50%. For the last week, the stock has had daily average volatility of 2.15%.
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Franco-Nevada Corporation stock to perform well in the short-term.
Check full Franco-Nevada Corporation forecast and analysis here.