Osisko Gold Royalties Ltd Stock Forecast
Red day on Wednesday for Osisko Gold Royalties Ltd stock after losing 0.0464%
(Updated on Apr 24, 2024)
The Osisko Gold Royalties Ltd stock price fell by -0.0464% on the last day (Wednesday, 24th Apr 2024) from $21.55 to $21.54. During the last trading day the stock fluctuated 2.01% from a day low at $21.35 to a day high of $21.78. The price has fallen in 6 of the last 10 days and is down by -3.06% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -22 thousand shares and in total, 193 thousand shares were bought and sold for approximately $4.16 million.
The stock lies in the middle of a wide and strong 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 17.79% during the next 3 months and, with a 90% probability hold a price between $24.63 and $27.62 at the end of this 3-month period.
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OR.TO Signals & Forecast
There are few to no technical positive signals at the moment. The Osisko Gold 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 $21.82 and $21.82. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -4.18%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Osisko Gold Royalties Ltd stock
Osisko Gold Royalties Ltd finds support from accumulated volume at $20.55 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 $0.430 between high and low, or 2.01%. For the last week the stock has had daily average volatility of 2.26%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (OR.TO) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Osisko Gold Royalties Ltd to open at $21.56, and during the day (based on 14 day Average True Range), to move between $20.98 and $22.10, which gives a possible trading interval of +/-$0.562 (+/-2.61%) up or down from last closing price. If Osisko Gold Royalties Ltd takes out the full calculated possible swing range there will be an estimated 5.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $21.68 (0.65%) than the support at $20.55 (4.60%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Osisko Gold Royalties Ltd stock A Buy?
The Osisko Gold Royalties Ltd stock holds several negative signals and despite the positive trend, we believe Osisko Gold Royalties Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.408 Sell Candidate Unchanged
Predicted Opening Price for Osisko Gold Royalties Ltd of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
$21.56 ( 0.0774%) | $21.54 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OR.TO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 21.99 | 2.07 % | |
R2 | 21.82 | 1.31 % | ||
R1 | 21.72 | 0.84 % | ||
Current price: | 21.54 | |||
Support | S1 | 21.39 | -0.685 % | |
S2 | 21.29 | -1.16 % | ||
S3 | 21.13 | -1.92 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 22.23 | 3.20 % | |
R2 | 21.81 | 1.25 % | ||
R1 | 21.68 | 0.650 % | ||
Current price | 21.54 | |||
Support | S1 | 20.55 | -4.60% | |
S2 | 20.22 | -6.13% | ||
S3 | 18.71 | -13.14% |
OR Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 20, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.0600 | 0.272% |
2 | Nov 08, 2023 | Dec 28, 2023 | Jan 15, 2024 | $0.0600 | 0.304% |
3 | Aug 09, 2023 | Sep 28, 2023 | Oct 16, 2023 | $0.0600 | 0.371% |
4 | May 10, 2023 | Jun 29, 2023 | Jul 14, 2023 | $0.0600 | 0.301% |
5 | Mar 30, 2023 | Mar 30, 2023 | Apr 14, 2023 | $0.0550 | 0.249% |
FAQ
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