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FNV Stock Tickeron detected bullish Stock Pattern: Rectangle Top FNV on September 17, 2024, netting in a 1.80% gain over 1 month

A.I.dvisor
at Tickeron.com
10/19/24
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+1.80% Gain from a Successful pattern Rectangle Top
FNV - Franco-Nevada Corp
Tickeron
Ticker: FNV
Company: Franco-Nevada
Gain: +1.8%
Confirmed: 09/17/24
Succeeded: 10/17/24
Total length: 31 days
On September 16, 2024, A.I.dvisor detected a Rectangle Top Pattern (Bullish) for Franco-Nevada Corp (FNV, $124.93). On September 17, 2024, A.I.dvisor confirmed the Bullish pattern, setting a target price of $132.17. 30 days later, on October 17, 2024, FNV reached the target price resulting in a for traders who took a long position in the stock.

FNV in upward trend: 10-day moving average moved above 50-day moving average on October 18, 2024

The 10-day moving average for FNV crossed bullishly above the 50-day moving average on October 18, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for FNV just turned positive on October 16, 2024. Looking at past instances where FNV's MACD turned positive, the stock continued to rise in of 51 cases over the following month. The odds of a continued upward trend are .

FNV moved above its 50-day moving average on October 10, 2024 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FNV advanced for three days, in of 311 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 280 cases where FNV Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for FNV moved out of overbought territory on October 31, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 37 similar instances where the indicator moved out of overbought territory. In of the 37 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 60 cases where FNV's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Momentum Indicator moved below the 0 level on November 01, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on FNV as a result. In of 89 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where FNV declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

FNV broke above its upper Bollinger Band on October 18, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (4.032) is normal, around the industry mean (6.667). P/E Ratio (32.331) is within average values for comparable stocks, (81.614). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (8.405). Dividend Yield (0.011) settles around the average of (0.040) among similar stocks. P/S Ratio (19.084) is also within normal values, averaging (147.082).

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock slightly better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. FNV’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

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FNV
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General Information

a company which engages in the business of acquiring, managing and creating resource royalties and stream

Industry PreciousMetals

Profile
Fundamentals
Details
Industry
Precious Metals
Address
199 Bay Street
Phone
+1 416 306-6300
Employees
40
Web
https://www.franco-nevada.com