OSISKO GOLD ROYALTIES LTD - Daily - Technical analysis published on 12/26/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Neutral
Technical indicators
89%
0%
11%
My opinion
Bullish above 8.93 USD
My targets
9.80 USD (+2.83%)
10.63 USD (+11.54%)
My analysis
The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for OSISKO GOLD ROYALTIES LTD as long as the price remains well above 8.93 USD. The buyers” bullish objective is set at 9.80 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 10.63 USD. If there is any crossing, the next objective would be the resistance located at 11.43 USD.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
3.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The OSISKO GOLD ROYALTIES LTD price is 9.53 USD. The price registered an increase of +0.85% on the session and was traded between 9.46 USD and 9.63 USD over the period. The price is currently at +0.74% from its lowest and -1.04% from its highest.9.46
9.63
9.53
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by OSISKO GOLD ROYALTIES LTD:
Technical
Technical analysis of this Daily chart of OSISKO GOLD ROYALTIES LTD indicates that the overall trend is not clearly defined. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : Daily
MACD indicator is back over 0
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.05 | 8.56 | 8.93 | 9.53 | 9.80 | 11.43 | 11.96 |
| Change (%) | -26.02% | -10.18% | -6.30% | - | +2.83% | +19.94% | +25.50% |
| Change | -2.48 | -0.97 | -0.60 | - | +0.27 | +1.90 | +2.43 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.70 | 8.85 | 9.15 | 9.30 | 9.60 | 9.75 | 10.05 |
| Camarilla | 9.33 | 9.37 | 9.41 | 9.45 | 9.49 | 9.53 | 9.57 |
| Woodie | 8.78 | 8.89 | 9.23 | 9.34 | 9.68 | 9.79 | 10.13 |
| Fibonacci | 8.85 | 9.02 | 9.13 | 9.30 | 9.47 | 9.58 | 9.75 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.51 | 8.68 | 8.83 | 9.00 | 9.15 | 9.32 | 9.47 |
| Camarilla | 8.89 | 8.92 | 8.95 | 8.98 | 9.01 | 9.04 | 9.07 |
| Woodie | 8.50 | 8.68 | 8.82 | 9.00 | 9.14 | 9.32 | 9.46 |
| Fibonacci | 8.68 | 8.80 | 8.88 | 9.00 | 9.12 | 9.20 | 9.32 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.48 | 7.41 | 8.09 | 9.02 | 9.70 | 10.63 | 11.31 |
| Camarilla | 8.33 | 8.48 | 8.62 | 8.77 | 8.92 | 9.07 | 9.21 |
| Woodie | 6.36 | 7.35 | 7.97 | 8.96 | 9.58 | 10.57 | 11.19 |
| Fibonacci | 7.41 | 8.03 | 8.41 | 9.02 | 9.64 | 10.02 | 10.63 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 65.56 | |
| MACD (12,26,9): | 0.0800 | |
| Directional Movement: | 15.92 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 9.05 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.62 | |
| Elder Ray (13): | 0.49 | |
| Super Trend (3,10): | 8.82 | |
| Zig ZAG (10): | 9.53 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 88.23 | |
| TEMA (21): | 9.29 | |
| Williams %R (14): | -8.55 | |
| Chande Momentum Oscillator (20): | 0.89 | |
| Repulse (5,40,3): | 4.2600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 9.32 |
| MA7: | 9.14 | |
| MA20: | 8.90 | |
| MA50: | 9.02 | |
| MA100: | 10.27 | |
| MAexp7: | 9.20 | |
| MAexp20: | 9.00 | |
| MAexp50: | 9.21 | |
| MAexp100: | 9.72 | |
| Price / MA7: | +4.27% | |
| Price / MA20: | +7.08% | |
| Price / MA50: | +5.65% | |
| Price / MA100: | -7.21% | |
| Price / MAexp7: | +3.59% | |
| Price / MAexp20: | +5.89% | |
| Price / MAexp50: | +3.47% | |
| Price / MAexp100: | -1.95% |
News
The last news published on OSISKO GOLD ROYALTIES LTD at the time of the generation of this analysis was as follows:
- Osisko Announces Increase to Previously Announced Secondary Offering
- Osisko Announces Share Repurchase and Secondary Offering
- Barksdale Announces C$3.5 Million Strategic Investment by Osisko Gold Royalties
- Osisko Gold Royalties Ltd. Discusses Integration of Recent Acquisitions and Growth Drivers in New SNNLive Video Interview on StockNewsNow.com
- Osisko Gold Royalties Ltd to Host Earnings Call
This member declared not having a position on this financial instrument or a related financial instrument.
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