FRANCO-NEVADA CORP (FNV) Stock Technical Analysis
NYSE:FNV - New York Stock Exchange, Inc. - CA3518581051 - Common Stock - Currency: USD
Overall FNV gets a technical rating of 9 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.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, FNV did better than 88% of all other stocks.
FNV is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so FNV is performing more or less in line with the market.
In the last month FNV has a been trading in the 162.46 - 179.99 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
FNV is part of the Metals & Mining industry. There are 154 other stocks in this industry, FNV did better than 58% of them.
FNV has an excellent technical rating and 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 167.99, a Stop Loss order could be placed below this zone.
More info and screens
115.02
174.91
We found 5 important support areas.
- A support zone ranging from 166.96 to 167.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 159.26 to 163.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @155.56 from a horizontal line in the daily time frame.
- Support @119.78 from a trend line in the weekly time frame.
- Support @116.18 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 168.49 to 173.18. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 88.45 | POSITIVE | FNV has a high relative strength, it outperformed 88.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of FNV is below 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) | 50.43 | NEUTRAL | The RSI value for FNV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.33 | NEGATIVE | The MACD value suggests FNV has a negative trend. |
| Stochastics (14,3) | 37.55 | NEUTRAL | The Stochastics value for FNV is a neutral value. |
| Average True Range in percent/ATR (20) | 2.34 | MEDIUM VOLATILITY | The ATR as a percentage value for FNV suggests some volalility. |
| Average Directional Index/ADX (14) | 15.06 | NEGATIVE | The low ADX value for FNV suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 173.19 | 166.95 | 6.24 (3.60%) | 25.00% |
| An entry @173.19. This is a Buy Stop order right above the resistance zone. | An exit @166.95. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 6.24 points, which is 3.60%. | For a 0.90% 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.
168.21
-0.74 (-0.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.44%
1 Week1.95%
2 Weeks-5%
1 Month2.22%
3 Month7.94%
6 Month44.75%
12 Month44.11%
2 Year17.96%
3 Year27.84%
5 Year20.46%
10 Year253.01%
15 YearN/A
Volatility
ATR(14)4.17
ATR(20)%2.34%
ATR Inc-18.67%
Range Today1.58
ADR(20)3.58
ADR(20)%2.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.45
Mansfield1.76
10 Day High179.99
10 Day Low163.39
20 Day High179.99
20 Day Low162.46
52 Week High179.99
52 Week Low112.7
CS1 End167.99
CR1 Start168.49
Volume & EV
DER(3)1.32%
DER(5)1.08%
Volume611.00K
Volume Incr15.49%
Vol(5)905.78K
Vol(50)995.06K