Royal Gold, Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Royal Gold, Inc. stock upgraded to Buy Candidate.
(Updated on May 01, 2024)
The Royal Gold, Inc. stock price gained 0.599% on the last trading day (Wednesday, 1st May 2024), rising from $120.13 to $120.85. During the last trading day the stock fluctuated 2.32% from a day low at $120.29 to a day high of $123.08. The price has risen in 6 of the last 10 days but is still down by -1.75% for this period. Volume fell on the last day by -155 thousand shares and in total, 365 thousand shares were bought and sold for approximately $44.11 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 16.18% during the next 3 months and, with a 90% probability hold a price between $132.94 and $151.87 at the end of this 3-month period.
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RGLD Signals & Forecast
A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -3.59%. 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). Some positive signals were issued as well, and these may have some influence on the near short-term development. The Royal Gold, Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $122.19. On a fall, the stock will find some support from the long-term average at approximately $118.91. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Royal Gold, Inc. stock
Royal Gold, Inc. finds support from accumulated volume at $119.19 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 $2.79 between high and low, or 2.32%. For the last week the stock has had daily average volatility of 2.37%.
Our recommended stop-loss: $116.35 (-3.72%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (RGLD) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Royal Gold, Inc. to open at $121.41, and during the day (based on 14 day Average True Range), to move between $117.64 and $124.06, which gives a possible trading interval of +/-$3.21 (+/-2.66%) up or down from last closing price. If Royal Gold, Inc. takes out the full calculated possible swing range there will be an estimated 5.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $119.19 (1.37%) than the resistance at $123.00 (1.78%), 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
Royal Gold, Inc. will release earnings AMC on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.95. We will update the financials statements for Royal Gold, Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.49% in the first trading day after earnings release.
Is Royal Gold, Inc. stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.395 Buy Candidate Upgraded
Predicted Opening Price for Royal Gold, Inc. of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $121.41 ( 0.461%) | $120.85 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 124.20 | 2.77 % | |
| R2 | 123.13 | 1.89 % | ||
| R1 | 122.47 | 1.34 % | ||
| Current price: | 120.85 | |||
| Support | S1 | 120.34 | -0.421 % | |
| S2 | 119.68 | -0.97 % | ||
| S3 | 118.62 | -1.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 125.35 | 3.72 % | |
| R2 | 124.83 | 3.29 % | ||
| R1 | 123.00 | 1.78 % | ||
| Current price | 120.85 | |||
| Support | S1 | 119.19 | -1.37% | |
| S2 | 111.54 | -7.70% | ||
| S3 | 109.27 | -9.58% |
RGLD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 29, 2024 | Apr 04, 2024 | Apr 19, 2024 | $0.400 | 0.326% |
| 2 | Nov 14, 2023 | Jan 04, 2024 | Jan 19, 2024 | $0.400 | 0.344% |
| 3 | Aug 22, 2023 | Oct 05, 2023 | Oct 20, 2023 | $0.375 | 0.340% |
| 4 | May 24, 2023 | Jul 06, 2023 | Jul 21, 2023 | $0.375 | 0.308% |
| 5 | Mar 02, 2023 | Apr 05, 2023 | Apr 21, 2023 | $0.375 | 0.288% |
FAQ
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