Osisko Gold Royalties Ltd Forecast and Stock Analysis
Technical OR stock analysis for April 24, 2019.
|Shorts||1.82% ( 2019-03-29 )|
Osisko Gold Royalties Ltd gained 2.89% in the last trading day, rising from $10.71 to $11.02 The price has fallen in 8 of the last 10 days and is down by -4.92% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 155 330 more shares were traded than the day before. In total, 658 304 shares bought and sold for approximately $7.25 million.
Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the OR stock was $11.02. This is 2.89% more than the trading day before Tuesday, 23rd Apr 2019.
During day the stock fluctuated 5.28% from a day low at $10.60 to a day high of $11.16.
30 day high of the OR stock price was $11.94 and low was $10.60.
90 day high was $12.08 and low was $8.71.
52 week high for the Osisko Gold Royalties Ltd - $12.08 and low - $7.00.
Osisko Gold Royalties Ltd lies in the lower part of a wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $10.74 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 17.48% during the next 3 months and, with 90% probability hold a price between $12.62 and $15.15 at the end of this period.
A buy signal was issued from a pivot bottom point on Tuesday April 23, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Osisko Gold Royalties Ltd holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $11.08 and $11.39. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSI14 is 45 and the stock is currently not being overbought or oversold
Support & Resistance
Osisko Gold Royalties Ltd finds support from accumulated volume at $10.50.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.56 (5.28%) between high and low. For the last week, the stock has had a daily average volatility of 2.91%.
Our recommended stoploss: $10.44 (-5.30%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)
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Osisko Gold Royalties Ltd holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.
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|OR $11.02 ($0.31 2.89%)|
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