FNV trade ideas
FNV will come back to track Gold and form new highIn the past FNV followed the Gold but now it has been divergent to the bearish side. Now FNV is sitting on the important support which was previously acted as a resistance.
As long as this level holds up and Gold continue its rise (with DXY decline which is correlated factor) FNV should retract back to previous high and then even higher.
In case we break below the support I would recommend stay off the market and wait for the price to come back up or break even lower below the highlighted support - which would be extremely bearish for the stock but also highly unlikely.
BUY ALERT $FNV $SPY $DJIA $QQQ $NDX #trading #stocksIndustry Group Rank 4
Composite Rating 99
EPS Rating 97
EPS % Change last Q 146%
Last 3 Q Average EPS Growth 0,83
Quartes of EPS Aceleration 4
Sales Growth Last Quarter 17%
ROE 21%
SMR RATING A
Quartes of Incresing Fund Onwer 0
Accumulation/Distribution B
Relative Strenght Rating 97
RS near new high at breakout: SI
My analysis of FNV chart
The shorter SMA crossed, the longer above (the 9th of April), that is a pretty bullish signal
50 EMA shows me that we are still in the uptrend ( D chart)
RSI on the daily chart shows me that we still have space to go up
You can see the important FIB levels 0,236 - 0,382
1) if we break the 0,236 resistance, we are heading up until 131$ area
2) if we can't break the 0,236, we are going back 0,382 then 0,5 fib levels.
This is the main direction, but on the 1H chart
RSI shows me an oversold signal, plus there is a strong resistance (0,236) that we have tried to break 2 times already. If we have enough bulls then we are going upper, but if people will realize their profits, the mentioned Fib levels can play. SO I am waiting for a short correction before we try to hit again that above level.
What do you think?
One of the Stock Markets Best Growth Stocks Franco-Nevada is one of the best growth stocks in the entire stock market, especially at current times, in my opinion. I have been a huge fan of the company and have posted many ideas already regarding this excellent stock.
This is a royalty company with very little operating cost and a royalty stream diversified amongst junior energy and PGMs but mostly Gold and Silver. In this unprecedented environment with economic uncertainty, money-printing and record low yields and interest rates, what more can you ask for?
Franco has posted record revenue/EPS/earnings quarter over quarter for the last number of years and nothing will change.
In-fact, even in bear markets for Gold, this company has done remarkably well.
Now is the time to enter pre-earnings (which is coming up!) and one to hold for years to come.
- zSplit
2020 TP: $200-225
Franco Nevada to Keep Pumping as Gold Rolls HigherFranco Nevada is a phenomenal company that focuses on the royalty streaming platform (significantly muted risk) of precious metals and dips into other miscellaneous sectors (PGMs, Energy, etc). What's interesting is Franco will continue to surge faster and faster as Gold and Silver continue to go higher and higher, it really is that simple. This is not a mining stock - it collects royalties therefore it has no operating risk.
Many people, even central bankers believe 2000 is in the cards, and if you talk to non-traditional economists outside the lamestream media - in reality - Gold will go much much higher than 2000 over the course of the next 5 year period.
Therefore, as Gold and Silver rise, so will the revenue of mining companies and thus will Franco's earnings. In-fact they have reported record earnings for the past year which is when Gold began its bull run. If you look at the history of the company, their stock has remained considerably stable even when Gold was in a bear market.
I view FNV as one of the safest investments for strong capital appreciation and setting a target price is actually useless because under no circumstance can Gold go up and the stock not outperform. As such I view 200.00 as a sure bet by the end of 2020.
Forecast for 2020
- Gold to 1900-1950
- Silver to 24
- zSplit
Franco-Nevada: Range Break-Out; Capital AppreciationFranco-Nevada continues to be one of my top stocks to be apart of for this impending precious metal run that I have forecasted for 2020. Whats interesting about FNV is it is fairly low in volatility and has none of the risk the mining sector can bring alongside, including that of high short interest.
With a portfolio also expanding into the energy sector, which is another one of my top performing sectors picks for 2020, I believe Franco will continue to post record numbers quarter to quarter and I am targeting at-least a $150 TP in the near-term.
This is one of the few stocks in the entire precious metals market where you can be comfortable investing tens of thousands of dollars in and not have to worry about losing 10% of your investment when God or Silver 'takes a break', unlike mining stocks.
We have recently broken out of quite a beefy-looking range and will race towards Franco's ATHs which will inevitably be broken.
If you have not already done so, I recommend investing in precious metals as soon as possible. Do not avoid Platinum, as it will be one of the forgotten assets that will soar in 2020 by at-least 25-30%.
- zSplit
$FNV daily chart breakout from symmetrical triangleOne for you "gold bugs" out there
$FNV has formed a symmetrical triangle pattern since SEP
On the back of strong move from gold prices in the past 3 sessions we notice strong volumes (above 600k/day while avg is around 500k/day)
MACD crossed bullish signal and histogram now positive, RSI well into positive area and space to go higher
Look for a sustained breakout today AND a CLOSE above the downward trendline in order to participate
Targets :
T1 - YtD high at 101.19
T2 - measured move of the breakout around 106.95
Good luck,
TA
FNV: One of the Best Long-Term Gold PlaysMany investors would look at the ticker price of this stock and run away, however, this is one of the best performing "senior" stocks and has an incredible balance sheet, management and speculative future.
One of the biggest advantages is they are a royalty streaming company and not just in gold but also other platinum metals, gold, silver, oil, gas and other sectors (i.e. excellent diversification). They don't actually "mine" which reduces their overhead and long-term risk that mining brings.
This is an excellent bet to stock up pre-earnings as there is a 95% chance they blow past their expectations. Their dividend stock is also excellent (relative to the sector).
Once Gold starts to re-rally in the next few weeks to months this will be a highly prized stock and easily top its ATH of ~$134.00. Although a long way out (3 years), through deep charting and analysis this stock should top 300.00.
For those looking for a junior company, another excellent royalty streaming company is MTA (Metalla).
- zSplit
FNV ShortShorting 100 shares of FNV
Gold seems to be sinking as good news keeps rushing in.
Holding this until it breaks the bottom range of this support and resistance pattern. I will take $300 out of this trade and my stop is $150.
Started short @ $92.36, Max loss is $93.86
Max gain will be $89.36