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ROYAL BANK OF CANADA - RY 3.2 PERP (RY-PR-J.CA) Stock Technical Analysis

TSX:RY-PR-J - Toronto Stock Exchange - CA78012Q1129 - Currency: CAD

24.78  +0.02 (+0.08%)

Technical Rating and Analysis

6

We assign a technical rating of 6 out of 10 to RY-PR-J. In the last year, RY-PR-J was one of the better performers, but we do observe some doubts in the very recent evolution.

Warning: RY-PR-J has an average volume of 11718 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that RY-PR-J is one of the better performing stocks in the market, outperforming 71% of all stocks.
RY-PR-J is one of the better performing stocks in the Banks industry, it outperforms 83% of 31 stocks in the same industry.
RY-PR-J is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so RY-PR-J is lagging the market slightly.
In the last month RY-PR-J has a been trading in a tight range between 24.51 and 25.66.
Considerably lower volume is observed in the last couple of days.

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Weekly and Daily overview Charts
ROYAL BANK OF CANADA - RY 3.2 PERP / RY-PR-J Weekly stock chart
ROYAL BANK OF CANADA - RY 3.2 PERP / RY-PR-J Daily stock chart
Setup Rating and Analysis

8

Although the technical rating is only medium, RY-PR-J does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 24.80. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 24.76, a Stop Loss order could be placed below this zone.

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Support and Resistance Analysis

23.59

25.16

We found 1 important support area.

  • A support zone ranging from 23.83 to 24.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 24.80 to 24.91. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.22
Mansfield-0.39
10 Day High24.85
10 Day Low24.66
20 Day High25.66
20 Day Low24.51
52 Week High25.66
52 Week Low19.85
Performance
1 Week0.24%
2 Weeks0.53%
1 Month-0.48%
3 Month1.1%
6 Month1.98%
12 Month25.09%
2 Year27.21%
3 Year1.35%
5 Year39.45%
10 Year-0.8%
15 YearN/A

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Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)

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Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.01
RSI(14)53.47
LBB24.62
UBB24.8

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Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
24.9224.650.27 (1.08%)25.00%
An entry @24.92. This is a Buy Stop order right above the resistance zone.An exit @24.65. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 0.27 points, which is 1.08%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.27%.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.

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ROYAL BANK OF CANADA - RY 3.2 PERP / RY-PR-J Daily stock chart

ROYAL BANK OF CANADA - RY 3.2 PERP

TSX:RY-PR-J (2/21/2025, 7:00:00 PM)

24.78

+0.02 (+0.08%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.08%
1 Week0.24%
2 Weeks0.53%
1 Month-0.48%
3 Month1.1%
6 Month1.98%
12 Month25.09%
2 Year27.21%
3 Year1.35%
5 Year39.45%
10 Year-0.8%
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%0.51%
ATR Inc-23.53%
Range Today0.07
ADR(20)0.11
ADR(20)%0.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.22
Mansfield-0.39
10 Day High24.85
10 Day Low24.66
20 Day High25.66
20 Day Low24.51
52 Week High25.66
52 Week Low19.85
CS1 End24.76
CR1 Start24.8
Volume & EV
DER(3)0%
DER(5)-1.39%
Volume4.70K
Volume Incr-64.83%
Vol(5)6.91K
Vol(50)11.72K