FRANCO-NEVADA CORP (FNV) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:FNV - CA3518581051 - Common Stock
Taking everything into account, FNV scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, FNV has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that FNV is one of the better performing stocks in the market, outperforming 94% of all stocks. We also observe that the gains produced by FNV over the past year are nicely spread over this period.
- FNV is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month FNV has a been trading in the 202.62 - 261.04 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- FNV is an average performer in the Metals & Mining industry, it outperforms 46% of 156 stocks in the same industry.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although FNV has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
183.74
3 important support areas can be observed.
- A support zone ranging from 212.41 to 215.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @208.89 from a trend line in the daily time frame.
- Support @185.60 from a trend line in the weekly time frame.
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 | 94.55 | POSITIVE | FNV has a high relative strength, it outperformed 94.55% 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) | 83.47 | OVERBOUGHT | The high RSI value suggests FNV may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.25 | POSITIVE | The MACD value suggests FNV has a positive trend. |
| Stochastics (14,3) | 93.5 | OVERBOUGHT | The high Stochastics value suggests FNV may be overbought. |
| Average True Range in percent/ATR (20) | 3.01 | MEDIUM VOLATILITY | The ATR as a percentage value for FNV suggests some volalility. |
| Average Directional Index/ADX (14) | 33.24 | POSITIVE | The high ADX value value for FNV suggests a strong trend. |
258.32
+5.92 (+2.35%)
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.
Can you provide the trend direction for FRANCO-NEVADA CORP?
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 83.4733. This indicates that the stock is currently overbought.
What is the buy/sell signal for FNV stock?
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 215.38. Check the full technical report for our detailed analysis of FNV support and resistance levels.