FRANCO-NEVADA CORP (FNV) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:FNV - CA3518581051 - Common Stock
Overall FNV gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FNV is showing a nice and steady performance.
Besides having an excellent technical rating, FNV also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 210.52, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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179.17
When analyzing the support we can see 4 important areas.
- A support zone ranging from 207.10 to 210.52. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 199.69 to 203.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 183.96 to 186.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @180.98 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @215.14 from a horizontal line in the daily time frame.
- A resistance zone ranging from 220.19 to 222.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for FNV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FNV is up. |
| ChartMill Relative Strength | 91.53 | POSITIVE | FNV has a high relative strength, it outperformed 91.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FNV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FNV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FNV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.42 | NEUTRAL | The RSI value for FNV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.47 | POSITIVE | The MACD value suggests FNV has a positive trend. |
| Stochastics (14,3) | 62.02 | NEUTRAL | The Stochastics value for FNV is a neutral value. |
| Average True Range in percent/ATR (20) | 2.69 | MEDIUM VOLATILITY | The ATR as a percentage value for FNV suggests some volalility. |
| Average Directional Index/ADX (14) | 15.39 | NEGATIVE | The low ADX value for FNV suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 215.15 | 207.09 | 8.06 (3.75%) | 25.00% |
| An entry @215.15. This is a Buy Stop order right above the resistance zone. | An exit @207.09. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 8.06 points, which is 3.75%. | For a 0.94% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of FNV. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
214.79
+2.91 (+1.37%)
FRANCO-NEVADA CORP / FNV FAQ
Can you provide the ChartMill technical rating for FRANCO-NEVADA CORP?
ChartMill assigns a technical rating of 10 / 10 to FNV.
What is the current trend direction of FRANCO-NEVADA CORP (FNV) stock?
The current trend direction for FRANCO-NEVADA CORP (FNV) is Bullish.
What is the RSI signal for FNV stock?
FRANCO-NEVADA CORP (FNV) has an RSI value of 63.4212. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for FRANCO-NEVADA CORP?
The buy/sell signal for FRANCO-NEVADA CORP (FNV) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for FRANCO-NEVADA CORP (FNV) stock?
FRANCO-NEVADA CORP (FNV) has a support level at 210.52 and a resistance level at 215.14. Check the full technical report for our detailed analysis of FNV support and resistance levels.