Freehold Royalties Ltd. Stock Forecast
Freehold Royalties Ltd. stock price ended at $13.96 on Wednesday, after losing 1.48%.
(Updated on May 01, 2024)
The Freehold Royalties Ltd. stock price fell by -1.48% on the last day (Wednesday, 1st May 2024) from $14.17 to $13.96. During the last trading day the stock fluctuated 2.01% from a day low at $13.90 to a day high of $14.18. The price has risen in 6 of the last 10 days but is still down by -2.04% for this period. Volume has increased on the last day by 94 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 413 thousand shares were bought and sold for approximately $5.77 million.
Given the current short-term trend, the stock is expected to rise 6.27% during the next 3 months and, with a 90% probability hold a price between $14.84 and $16.04 at the end of this 3-month period.
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FRU.TO Signals & Forecast
There are few to no technical positive signals at the moment. The Freehold Royalties Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $14.26 and $14.45. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 04, 2024, and so far it has fallen -5.80%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Freehold Royalties Ltd. stock
Freehold Royalties Ltd. finds support from accumulated volume at $13.76 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.280 between high and low, or 2.01%. For the last week the stock has had daily average volatility of 1.56%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FRU.TO) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Freehold Royalties Ltd. to open at $14.01, and during the day (based on 14 day Average True Range), to move between $13.74 and $14.18, which gives a possible trading interval of +/-$0.218 (+/-1.56%) up or down from last closing price. If Freehold Royalties Ltd. takes out the full calculated possible swing range there will be an estimated 3.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $13.76 (1.43%) than the resistance at $14.24 (2.01%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Freehold Royalties Ltd. will release earnings BMO on Wednesday, May 08, 2024. We will update the financials statements for Freehold Royalties Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.27% in the first trading day after earnings release.
Is Freehold Royalties Ltd. stock A Buy?
The Freehold Royalties Ltd. stock holds several negative signals and despite the positive trend, we believe Freehold Royalties Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.213 Sell Candidate Unchanged
Predicted Opening Price for Freehold Royalties Ltd. of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $14.01 ( 0.382%) | $13.96 |
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 | 14.29 | 2.39 % | |
| R2 | 14.19 | 1.62 % | ||
| R1 | 14.12 | 1.15 % | ||
| Current price: | 13.96 | |||
| Support | S1 | 13.91 | -0.384 % | |
| S2 | 13.84 | -0.86 % | ||
| S3 | 13.73 | -1.62 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.57 | 4.37 % | |
| R2 | 14.33 | 2.65 % | ||
| R1 | 14.24 | 2.01 % | ||
| Current price | 13.96 | |||
| Support | S1 | 13.76 | -1.43% | |
| S2 | 13.71 | -1.79% | ||
| S3 | 13.66 | -2.15% |
FRU Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 15, 2024 | $0.0900 | 0.645% |
| 2 | Feb 28, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.0900 | 0.628% |
| 3 | Feb 15, 2024 | Feb 28, 2024 | Mar 15, 2024 | $0.0900 | 0.627% |
| 4 | Jan 30, 2024 | Jan 30, 2024 | Feb 15, 2024 | $0.0900 | 0.656% |
| 5 | Dec 14, 2023 | Dec 28, 2023 | Jan 15, 2024 | $0.0900 | 0.630% |
FAQ
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