RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of FNV
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Franco-Nevada Corporation stock price up 3.05% on Wednesday
(Updated on Mar 27, 2024)

Buy candidate since Mar 26, 2024 Gain 3.05% PDF

The Franco-Nevada Corporation stock price gained 3.05% on the last trading day (Wednesday, 27th Mar 2024), rising from $113.82 to $117.29. During the last trading day the stock fluctuated 3.40% from a day low at $113.77 to a day high of $117.64. The price has been going up and down for this period, and there has been a 0.95% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 74 thousand more shares were traded than the day before. In total, 491 thousand shares were bought and sold for approximately $57.61 million.

The stock has broken the weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $114.48, a level that may pose a second chance to hit a runner. According to fan-theory $122.25 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

FNV Signals & Forecast

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 $115.50 and $110.89. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, February 29, 2024, and so far it has risen 11.85%. 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.

Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation A buy signal from a double bottom formation was found on Thursday, February 29, 2024 with a target of $115.65. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.

Support, Risk & Stop-loss for Franco-Nevada Corporation stock

Franco-Nevada Corporation finds support from accumulated volume at $116.62 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $3.87 between high and low, or 3.40%. For the last week, the stock has had daily average volatility of 2.47%.

Our recommended stop-loss: $110.79 (-5.54%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 19 days ago.)

Trading Expectations (FNV) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Franco-Nevada Corporation to open at $116.23, and during the day (based on 14 day Average True Range), to move between $114.31 and $120.27, which gives a possible trading interval of +/-$2.98 (+/-2.54%) up or down from last closing price. If Franco-Nevada Corporation takes out the full calculated possible swing range there will be an estimated 5.09% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $116.62, some $0.670 (0.57%) from the current price of $117.29, our system finds the risk reward attractive.

Is Franco-Nevada Corporation stock A Buy?

Several short-term signals, along with a general good trend, are positive and the stock has broken the rising trend up, which indicates an even stronger rate of rising. We can 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 period. Due to a possible false trend-break listing stock as pure buy candidate is held back.

Current score: 4.592 Buy Candidate Unchanged

Predicted Opening Price for Franco-Nevada Corporation of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$116.23 ( 0.90%) $117.29

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for FNV

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 120.10 2.40 %
R2 118.62 1.14 %
R1 117.71 0.360 %
Current price: 117.29
Support S1 114.75 -2.16 %
S2 113.84 -2.94 %
S3 112.36 -4.20 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 117.29
Support S1 116.62 -0.571%
S2 113.39 -3.33%
S3 109.51 -6.63%

FNV Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 13, 2024 Mar 13, 2024 Mar 28, 2024 $0.360 0.307%
2 Nov 08, 2023 Dec 06, 2023 Dec 21, 2023 $0.340 0.309%
3 Aug 08, 2023 Sep 13, 2023 Sep 28, 2023 $0.340 0.254%
4 May 02, 2023 Jun 14, 2023 Jun 29, 2023 $0.340 0.245%
5 Jan 17, 2023 Mar 15, 2023 Mar 30, 2023 $0.340 0.233%

FAQ

What is the symbol for Franco-Nevada Corporation Stock and on which exchange is it traded?
The symbol for Franco-Nevada Corporation is FNV and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Franco-Nevada Corporation Stock?
Several short-term signals, along with a general good trend, are positive and the stock has broken the rising trend up, which indicates an even stronger rate of rising. We can 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 period. Due to a possible false trend-break listing stock as pure buy candidate is held back.

How to buy Franco-Nevada Corporation Stock?
Franco-Nevada Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Franco-Nevada Corporation Stock.

What's the current price of Franco-Nevada Corporation Stock?
As of the end of day on the 2024-03-27, the price of an Franco-Nevada Corporation (FNV) share was $117.29.

What is the 52-week high and low for Franco-Nevada Corporation Stock?
The 52-week high for Franco-Nevada Corporation Stock is $161.37 and the 52-week low is $102.29.

What is the market capitalization of Franco-Nevada Corporation Stock?
As of the 2024-03-27, the market capitalization of Franco-Nevada Corporation is 22.54B.

When is the next earnings date for Franco-Nevada Corporation?
The upcoming earnings date for Franco-Nevada Corporation is May 07, 2024.
Click to get the best stock tips daily for free!

About Franco-Nevada Corporation

Franco-Nevada Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in Latin America, the United States, Canada, and internationally. It operates in two segments, Mining and Energy. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and energy comprising oil, gas, and natural gas liquids. The company was founded in 1983 and is headquartered in Toronto, Canada.... FNV Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT