(FNV) On The My Stocks Page

September 19, 2024, 11:48 am ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for FNV

• Buy FNV near 120.08 target 131.55 stop loss @ 119.73 Details

The technical summary data tells us to buy FNV near 120.08 with an upside target of 131.55. This data also tells us to set a stop loss @ 119.73 to protect against excessive loss in case the stock begins to move against the trade. 120.08 is the first level of support below 126.34 , and by rule, any test of support is a buy signal. In this case, support 120.08 is being tested, a buy signal would exist.

• Short FNV slightly under 131.55, target 120.08, stop loss @ 131.93 Details

The technical summary data is suggesting a short of FNV as it gets near 131.55 with a downside target of 120.08. We should have a stop loss in place at 131.93though. 131.55 is the first level of resistance above 126.34, and by rule, any test of resistance is a short signal. In this case, if resistance 131.55 is being tested, a short signal would exist.

Swing Trading Plans for FNV

• Buy FNV slightly over 127.85, target 131.55, Stop Loss @ 127.48 Details

If 127.85 begins to break higher, the technical summary data tells us to buy FNV just slightly over 127.85, with an upside target of 131.55. The data also tells us to set a stop loss @ 127.48 in case the stock turns against the trade. 127.85 is the first level of resistance above 126.34, and by rule, any break above resistance is a buy signal. In this case, 127.85, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short FNV slightly near 127.85, target 124.33, Stop Loss @ 128.22. Details

The technical summary data is suggesting a short of FNV if it tests 127.85 with a downside target of 124.33. We should have a stop loss in place at 128.22 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 127.85, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for FNV

• Buy FNV slightly over 127.85, target 131.55, Stop Loss @ 127.55 Details

If 127.85 begins to break higher, the technical summary data tells us to buy FNV just slightly over 127.85, with an upside target of 131.55. The data also tells us to set a stop loss @ 127.55 in case the stock turns against the trade. 127.85 is the first level of resistance above 126.34, and by rule, any break above resistance is a buy signal. In this case, 127.85, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short FNV slightly near 127.85, target 125.78, Stop Loss @ 128.15. Details

The technical summary data is suggesting a short of FNV if it tests 127.85 with a downside target of 125.78. We should have a stop loss in place at 128.15 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 127.85, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Franco-nevada Corporation (FNV) available here: FNV.

FNV Ratings for September 19:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Neutral
P1	0	0	109.25
P2	124.02	124.33	120.08
P3	125.78	127.85	131.55

AI Generated Signals for FNV

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Trading or Investing in Franco-nevada Corporation (NYSE: FNV) involves an observation of the technicals, every time.  This data reveals the current technicals.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for FNV change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if FNV is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for FNV too.  All of these are offered below the Summary Table.