RGLD Price Prediction Next Week
Technical Analysis: Royal Gold (RGLD) shows bullish momentum with RSI-14 at 64.02 and MACD trending positive. The stock is trading above all major moving averages (5,10,20,60,200,250 day SMAs), indicating strong upward momentum.
Price Targets for Next Week: Based on Fibonacci levels and current technical setup:
- Support levels: $143.35 (pivot), $139.27 (S1)
- Resistance levels: $147.43 (R1), $149.95 (R2)
News Sentiment Analysis:
- RBC Capital maintains Buy rating with $170 price target
- Strong insider selling activity noted with CFO selling shares in December 2024
- Company scheduled for Virtual Non-Deal Roadshow on February 19, 2025
- Gold sector remains bullish with gold prices reaching near all-time highs
Price Prediction: Given the technical strength and positive analyst outlook, RGLD is likely to test the R2 resistance at $149.95 next week. The stock shows 82% probability of maintaining its upward trajectory based on:
- Bullish stochastic RSI readings (K:83.24, D:88.22)
- Strong positioning above all major moving averages
- Positive MACD momentum
Trading Recommendation: BUY Entry: Current market price ($149.22) Target: $149.95 (R2 level) Stop Loss: $143.35 (pivot)
The stock shows strong potential for continued upward movement, supported by both technical indicators and positive sector sentiment in precious metals.
RGLD Similar Chart Price Prediction
The price of RGLD is predicted to go up -5.47%, based on the high correlation periods with TV. The similarity of these two price pattern on the periods is 97.01%.
RGLD
TV
Down: -5.47%Similarity: 97.01%
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RGLD Analyst's Forecast
Brian MacArthur
Raymond James
Buy
2024-11-11
Price Target
$184 → $186
Upside
+29.59%
Raymond James raised the firm's price target on Royal Gold to $186 from $184 and keeps an Outperform rating on the shares. Royal Gold's royalty and streaming business model offers exposure to high-margin metal sales that can be increased with minimal G&A, and has a high-quality, diversified asset base in lower-risk jurisdictions, as well as a flexible balance sheet to support future investments and a growing dividend, the analyst tells investors in a research note.
Matthew Murphy
Jefferies
Hold
2024-10-04
Price Target
$141 → $154
Upside
+10.82%
