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NOVRF
Stock ticker: OTC
AS OF
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Capitalization
120.03M

NOVRF Nova Royalty Corp. Forecast, Technical & Fundamental Analysis

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for NOVRF with price predictions
07:00 PM EST Nov 27, 2023

NOVRF in +3.62% Uptrend, growing for three consecutive days on November 21, 2023

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where NOVRF advanced for three days, in of 120 cases, the price rose further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 21, 2023. You may want to consider a long position or call options on NOVRF as a result. In of 44 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for NOVRF just turned positive on November 21, 2023. Looking at past instances where NOVRF's MACD turned positive, the stock continued to rise in of 19 cases over the following month. The odds of a continued upward trend are .

NOVRF moved above its 50-day moving average on November 24, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for NOVRF crossed bullishly above the 50-day moving average on November 28, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 12 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 .

Bearish Trend Analysis

The RSI Indicator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

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

NOVRF broke above its upper Bollinger Band on November 24, 2023. 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.

The Aroon Indicator for NOVRF entered a downward trend on November 02, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

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

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued 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 (2.061) is normal, around the industry mean (6.344). P/E Ratio (0.000) is within average values for comparable stocks, (97.637). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (3.103). Dividend Yield (0.000) settles around the average of (0.061) among similar stocks. P/S Ratio (76.336) is also within normal values, averaging (223.712).

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.

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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. NOVRF’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock worse than average.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are BHP Group Limited (NYSE:BHP), Vale SA (NYSE:VALE), Freeport-McMoran (NYSE:FCX), Cameco Corp (NYSE:CCJ), Teck Resources Limited (NYSE:TECK).

Industry description

The category includes companies that explore for, mine and extract metals, such as copper, diamonds, nickel, cobalt ore, lead, zinc and uranium. BHP, Rio Tinto and Southern Copper Corporation are major players in this space.

Market Cap

The average market capitalization across the Other Metals/Minerals Industry is 2.49B. The market cap for tickers in the group ranges from 230 to 223.12B. BHPBF holds the highest valuation in this group at 223.12B. The lowest valued company is BAJFF at 230.

High and low price notable news

The average weekly price growth across all stocks in the Other Metals/Minerals Industry was 3%. For the same Industry, the average monthly price growth was 7%, and the average quarterly price growth was 77%. WESMD experienced the highest price growth at 1,774%, while CVVRF experienced the biggest fall at -53%.

Volume

The average weekly volume growth across all stocks in the Other Metals/Minerals Industry was -16%. For the same stocks of the Industry, the average monthly volume growth was -16% and the average quarterly volume growth was -42%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 54
P/E Growth Rating: 80
Price Growth Rating: 50
SMR Rating: 89
Profit Risk Rating: 88
Seasonality Score: -10 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Industry OtherMetalsMinerals

Profile
Fundamentals
Details
Industry
N/A
Address
543 Granville Street
Phone
+1 416 433-2801
Employees
4
Web
https://www.novaroyalty.com
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