(FNV) Proactive Strategies

February 09, 2024, 13:04 pm ET, BY Harold S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for FNV

• Buy FNV slightly over 102.46 target 115.04 stop loss @ 102.16 Details

The technical summary data tells us to buy FNV near 102.46 with an upside target of 115.04. This data also tells us to set a stop loss @ 102.16 to protect against excessive loss in case the stock begins to move against the trade. 102.46 is the first level of support below 108.41 , and by rule, any test of support is a buy signal. In this case, support 102.46 would be being tested, so a buy signal would exist.

• Short FNV slightly under 115.04, target 102.46, stop loss @ 115.37 Details

The technical summary data is suggesting a short of FNV as it gets near 115.04 with a downside target of 102.46. We should have a stop loss in place at 115.37though. 115.04 is the first level of resistance above 108.41, and by rule, any test of resistance is a short signal. In this case, if resistance 115.04 is being tested, so a short signal would exist.

Swing Trading Plans for FNV

• Buy FNV slightly over 108.62, target 115.04, Stop Loss @ 108.31 Details

If 108.62 begins to break higher, the technical summary data tells us to buy FNV just slightly over 108.62, with an upside target of 115.04. The data also tells us to set a stop loss @ 108.31 in case the stock turns against the trade. 108.62 is the first level of resistance above 108.41, and by rule, any break above resistance is a buy signal. In this case, 108.62, 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 108.62, target 105.54, Stop Loss @ 108.93. Details

The technical summary data is suggesting a short of FNV if it tests 108.62 with a downside target of 105.54. We should have a stop loss in place at 108.93 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, 108.62, 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 108.62, target 108.85, Stop Loss @ 108.37 Details

If 108.62 begins to break higher, the technical summary data tells us to buy FNV just slightly over 108.62, with an upside target of 108.85. The data also tells us to set a stop loss @ 108.37 in case the stock turns against the trade. 108.62 is the first level of resistance above 108.41, and by rule, any break above resistance is a buy signal. In this case, 108.62, 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 108.62, target 107, Stop Loss @ 108.87. Details

The technical summary data is suggesting a short of FNV if it tests 108.62 with a downside target of 107. We should have a stop loss in place at 108.87 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, 108.62, 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 February 09:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Weak
P1	0	0	102.46
P2	107	105.54	115.04
P3	108.85	108.62	127.63

AI Generated Signals for FNV

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Don't over think it!  Trading Franco-nevada Corporation (NYSE: FNV) or any other stock can be rewarding if the simple rules of technical analysis are observed before making any decisions.  This should be an integral part of the investment process.

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.

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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.