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 FRU.TO
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Stronger technical forecast for Freehold Royalties Ltd. stock price after Wednesday trading.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 12, 2024 Gain 4.42% PDF

The Freehold Royalties Ltd. stock price gained 0.756% on the last trading day (Wednesday, 27th Mar 2024), rising from $14.55 to $14.66. During the last trading day the stock fluctuated 1.10% from a day low at $14.53 to a day high of $14.69. The price has risen in 7 of the last 10 days and is up by 2.73% 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, 62 thousand more shares were traded than the day before. In total, 256 thousand shares were bought and sold for approximately $3.76 million.

The stock lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $14.78 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 4.27% during the next 3 months and, with a 90% probability hold a price between $14.47 and $15.41 at the end of this 3-month period.

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FRU.TO Signals & Forecast

The Freehold Royalties Ltd. 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 $14.60 and $14.06. A breakdown below any of these levels will issue sell signals. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, March 20, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Friday, August 04, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Friday, August 04, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Freehold Royalties Ltd. stock

On the downside, the stock finds support just below today's level from accumulated volume at $13.76 and $13.71. 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, Freehold Royalties Ltd. finds support just below today's level at $13.76. If this is broken, then the next support from accumulated volume will be at $13.71 and $13.66.

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 $0.160 (1.10%) between high and low. For the last week, the stock has had daily average volatility of 0.96%.

The Freehold Royalties Ltd. stock is overbought on RSI14 and the RSI has been falling for the last couple of days. This together with the fact that the stock is in the upper part of the trend poses a possible good selling opportunity for the short-term trader. However, one should note that some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $14.16 (-3.38%) (This stock has low daily movements and this gives low risk. The RSI14 is 81 and this increases the risk substantially. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (FRU.TO) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Freehold Royalties Ltd. to open at $14.63, and during the day (based on 14 day Average True Range), to move between $14.46 and $14.86, which gives a possible trading interval of +/-$0.202 (+/-1.38%) up or down from last closing price. If Freehold Royalties Ltd. takes out the full calculated possible swing range there will be an estimated 2.75% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $13.76, some $0.90 (6.14%) from the current price of $14.66, our system finds the risk reward attractive.

Is Freehold Royalties Ltd. stock A Buy?

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 Freehold Royalties Ltd. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 3.188 Buy Candidate Upgraded

Predicted Opening Price for Freehold Royalties Ltd. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$14.63 ( 0.227%) $14.66

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

Trading levels for FRU.TO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 14.79 0.86 %
R2 14.73 0.447 %
R1 14.69 0.190 %
Current price: 14.66
Support S1 14.57 -0.644 %
S2 14.53 -0.90 %
S3 14.47 -1.32 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 14.66
Support S1 13.76 -6.14%
S2 13.71 -6.48%
S3 13.66 -6.82%

FRU Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 28, 2024 Mar 27, 2024 Apr 15, 2024 $0.0900 0.613%
2 Feb 15, 2024 Feb 28, 2024 Mar 15, 2024 $0.0900 0.627%
3 Jan 30, 2024 Jan 30, 2024 Feb 15, 2024 $0.0900 0.656%
4 Dec 14, 2023 Dec 28, 2023 Jan 15, 2024 $0.0900 0.630%
5 Nov 08, 2023 Nov 29, 2023 Dec 15, 2023 $0.0900 0.674%

FAQ

What is the symbol for Freehold Royalties Ltd. Stock and on which exchange is it traded?
The symbol for Freehold Royalties Ltd. is FRU.TO and it is traded on the TSX (Toronto Stock Exchange).

Should I buy or sell Freehold Royalties Ltd. Stock?
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 Freehold Royalties Ltd. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Freehold Royalties Ltd. Stock?
Freehold Royalties Ltd. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Freehold Royalties Ltd. Stock.

What's the current price of Freehold Royalties Ltd. Stock?
As of the end of day on the 2024-03-27, the price of an Freehold Royalties Ltd. (FRU.TO) share was $14.66.

What is the 52-week high and low for Freehold Royalties Ltd. Stock?
The 52-week high for Freehold Royalties Ltd. Stock is $15.44 and the 52-week low is $12.66.

What is the market capitalization of Freehold Royalties Ltd. Stock?
As of the 2024-03-27, the market capitalization of Freehold Royalties Ltd. is 2.209B.

When is the next earnings date for Freehold Royalties Ltd.?
The upcoming earnings date for Freehold Royalties Ltd. is May 08, 2024.
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About Freehold Royalties Ltd.

Freehold Royalties Ltd. Freehold Royalties Ltd., an oil and gas royalty company, owns working interests in oil, natural gas, natural gas liquids, and potash properties in Western Canada and the United States. The company holds approximately 6.2 million gross acres of land in Canada and 0.8 million gross drilling unit acres in the United States. It has royalty interests in approximately 15,000 producing wells and receives royalty from approximately 350 industry operators... FRU.TO Profile

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