Osisko Gold Royalties Ltd 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
Osisko Gold Royalties Ltd stock price ended at $16.11 on Friday, after losing 0.309%.
(Updated on Apr 19, 2024)
The Osisko Gold Royalties Ltd stock price fell by -0.309% on the last day (Friday, 19th Apr 2024) from $16.16 to $16.11. During the last trading day the stock fluctuated 1.93% from a day low at $16.06 to a day high of $16.37. The price has fallen in 6 of the last 10 days and is down by -1.53% 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 -7 thousand shares and in total, 415 thousand shares were bought and sold for approximately $6.69 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 16.96% during the next 3 months and, with a 90% probability hold a price between $17.78 and $20.03 at the end of this 3-month period.
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OR Signals & Forecast
The Osisko Gold Royalties Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $16.11 and $16.01. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -2.72%. 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 $16.10 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 $0.310 between high and low, or 1.93%. For the last week the stock has had daily average volatility of 2.13%.
Our recommended stop-loss: $15.38 (-4.53%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (OR) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Osisko Gold Royalties Ltd to open at $16.18, and during the day (based on 14 day Average True Range), to move between $15.69 and $16.53, which gives a possible trading interval of +/-$0.424 (+/-2.63%) 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 5.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $16.10 (0.06%) than the resistance at $16.16 (0.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Osisko Gold Royalties Ltd stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Osisko Gold Royalties Ltd stock to perform well in the short-term.
Current score: 2.357 Buy Candidate Unchanged
Predicted Opening Price for Osisko Gold Royalties Ltd of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $16.18 ( 0.435%) | $16.11 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.49 | 2.36 % | |
| R2 | 16.37 | 1.62 % | ||
| R1 | 16.30 | 1.17 % | ||
| Current price: | 16.11 | |||
| Support | S1 | 16.06 | -0.301 % | |
| S2 | 15.99 | -0.755 % | ||
| S3 | 15.87 | -1.49 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.37 | 1.61 % | |
| R2 | 16.36 | 1.55 % | ||
| R1 | 16.16 | 0.310 % | ||
| Current price | 16.11 | |||
| Support | S1 | 16.10 | -0.0621% | |
| S2 | 14.20 | -11.86% | ||
| S3 | 13.85 | -14.03% |
OR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 22, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.0445 | 0.278% |
| 2 | Nov 08, 2023 | Dec 28, 2023 | Jan 15, 2024 | $0.0400 | 0.276% |
| 3 | Aug 09, 2023 | Sep 28, 2023 | Oct 16, 2023 | $0.0440 | 0.370% |
| 4 | May 10, 2023 | Jun 29, 2023 | Jul 14, 2023 | $0.0450 | 0.300% |
| 5 | Feb 23, 2023 | Mar 30, 2023 | Apr 14, 2023 | $0.0410 | 0.249% |
FAQ
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