Freehold Royalties Ltd. Stock Forecast
Freehold Royalties Ltd. stock price ended at $14.25 on Wednesday, after losing 0.350%.
(Updated on Apr 17, 2024)
The Freehold Royalties Ltd. stock price fell by -0.350% on the last day (Wednesday, 17th Apr 2024) from $14.30 to $14.25. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 1.62% from a day low at $14.16 to a day high of $14.39. The price has fallen in 7 of the last 10 days and is down by -3.59% for this period. Volume has increased on the last day by 19 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, 227 thousand shares were bought and sold for approximately $3.24 million.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $14.16 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 7.39% during the next 3 months and, with a 90% probability hold a price between $15.20 and $16.08 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. On corrections up, there will be some resistance from the lines at $14.41 and $14.35. 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 -3.85%. 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. 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.
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
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 $0.230 between high and low, or 1.62%. For the last week the stock has had daily average volatility of 1.68%.
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 18th
For the upcoming trading day on Thursday, 18th we expect Freehold Royalties Ltd. to open at $14.27, and during the day (based on 14 day Average True Range), to move between $14.04 and $14.46, which gives a possible trading interval of +/-$0.213 (+/-1.50%) up or down from last closing price. If Freehold Royalties Ltd. takes out the full calculated possible swing range there will be an estimated 2.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $14.33 (0.56%) than the support at $13.76 (3.44%), 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 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: -1.001 Sell Candidate Unchanged
Predicted Opening Price for Freehold Royalties Ltd. of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $14.27 ( 0.117%) | $14.25 |
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 | 14.50 | 1.73 % | |
| R2 | 14.41 | 1.11 % | ||
| R1 | 14.35 | 0.734 % | ||
| Current price: | 14.25 | |||
| Support | S1 | 14.18 | -0.500 % | |
| S2 | 14.12 | -0.88 % | ||
| S3 | 14.04 | -1.50 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.59 | 2.39 % | |
| R2 | 14.57 | 2.25 % | ||
| R1 | 14.33 | 0.561 % | ||
| Current price | 14.25 | |||
| Support | S1 | 13.76 | -3.44% | |
| S2 | 13.71 | -3.79% | ||
| S3 | 13.66 | -4.14% |
FRU Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 28, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.0900 | 0.628% |
| 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
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