Royal Gold, Inc. Stock Forecast
Royal Gold, Inc. stock price up 0.152% on Friday
(Updated on Jun 21, 2024)
The Royal Gold, Inc. stock price gained 0.152% on the last trading day (Friday, 21st Jun 2024), rising from $124.66 to $124.85. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.24% from a day low at $122.63 to a day high of $125.38. The price has fallen in 6 of the last 10 days and is down by -4.57% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 777 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $143.43 million.
The stock lies in the middle of a wide and weak 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 6.69% during the next 3 months and, with a 90% probability hold a price between $125.65 and $146.41 at the end of this 3-month period.
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RGLD Signals & Forecast
There are mixed signals in the stock today. The Royal Gold, Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $126.54. On a fall, the stock will find some support from the short-term average at $122.51. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -7.04%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Royal Gold, Inc. stock
Royal Gold, Inc. finds support from accumulated volume at $123.00 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 $2.75 between high and low, or 2.24%. For the last week, the stock has had daily average volatility of 2.11%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RGLD) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Royal Gold, Inc. to open at $124.29, and during the day (based on 14 day Average True Range), to move between $122.01 and $127.69, which gives a possible trading interval of +/-$2.84 (+/-2.28%) up or down from last closing price. If Royal Gold, Inc. takes out the full calculated possible swing range there will be an estimated 4.56% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $125.35 (0.40%) than the support at $123.00 (1.48%), 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 Royal Gold, Inc. stock A Buy?
Royal Gold, Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.181 Sell Candidate Unchanged
Predicted Opening Price for Royal Gold, Inc. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $124.29 ( 0.451%) | $124.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RGLD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 127.04 | 1.75% |
| R2 | 125.99 | 0.91% |
| R1 | 125.34 | 0.390% |
| Price | 124.85 | |
| S1 | 123.24 | -1.29% |
| S2 | 122.59 | -1.81% |
| S3 | 121.54 | -2.65% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 134.27 | 7.55% |
| R2 | 133.13 | 6.63% |
| R1 | 125.35 | 0.400% |
| Price | 124.85 | |
| S1 | 123.00 | -1.48% |
| S2 | 120.07 | -3.83% |
| S3 | 119.19 | -4.53% |
RGLD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 22, 2024 | Jul 05, 2024 | Jul 19, 2024 | $0.400 | 0.320% |
| 2 | Feb 29, 2024 | Apr 04, 2024 | Apr 19, 2024 | $0.400 | 0.326% |
| 3 | Nov 14, 2023 | Jan 04, 2024 | Jan 19, 2024 | $0.400 | 0.344% |
| 4 | Aug 22, 2023 | Oct 05, 2023 | Oct 20, 2023 | $0.375 | 0.340% |
| 5 | May 24, 2023 | Jul 06, 2023 | Jul 21, 2023 | $0.375 | 0.308% |
FAQ
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