Franco-Nevada Corporation Stock Forecast
Franco-Nevada Corporation stock price up 3.05% on Wednesday
(Updated on Mar 27, 2024)
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.
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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.
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
# | 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
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