ROYAL BANK OF CANADA (RY.CA) Stock Technical Analysis
TSX:RY - Toronto Stock Exchange - CA7800871021 - Common Stock - Currency: CAD
Taking everything into account, RY scores 2 out of 10 in our technical rating. RY has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
In the last month RY has a been trading in the 167.45 - 179.30 range, which is quite wide. It is currently trading near the lows of this range.
RY is one of the better performing stocks in the Banks industry, it outperforms 73% of 31 stocks in the same industry.
RY 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 is lagging the market slightly.
RY has an average volume of 4159690 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
When comparing the performance of all stocks over the past year, RY turns out to be only a medium performer in the overall market: it outperformed 68% of all stocks.
Although the technical rating is bad, RY does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 169.34. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 168.66, a Stop Loss order could be placed below this zone.
More info and screens
163.65
181.38
When analyzing the support we can see 2 important areas.
- A support zone ranging from 168.38 to 168.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @165.30 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 169.34 to 174.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 178.27 to 179.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.95
Mansfield0.02
10 Day High171.82
10 Day Low167.45
20 Day High179.3
20 Day Low167.45
52 Week High180.45
52 Week Low130.44
Performance
1 Week-0.07%
2 Weeks-0.97%
1 Month-3.62%
3 Month-3.14%
6 Month8.41%
12 Month27.02%
2 Year22.15%
3 Year20.69%
5 Year69.53%
10 Year116.09%
15 Year197.87%
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)
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)-0.14
RSI(14)40.95
LBB167.64
UBB172.57
TSX:RY (2/21/2025, 7:00:00 PM)
169.22
-0.18 (-0.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.11%
1 Week-0.07%
2 Weeks-0.97%
1 Month-3.62%
3 Month-3.14%
6 Month8.41%
12 Month27.02%
2 Year22.15%
3 Year20.69%
5 Year69.53%
10 Year116.09%
15 Year197.87%
Volatility
ATR(14)2.57
ATR(20)%1.47%
ATR Inc-18.89%
Range Today1.78
ADR(20)2.35
ADR(20)%1.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.95
Mansfield0.02
10 Day High171.82
10 Day Low167.45
20 Day High179.3
20 Day Low167.45
52 Week High180.45
52 Week Low130.44
CS1 End168.66
CR1 Start169.34
Volume & EV
DER(3)-0.44%
DER(5)0.11%
Volume2.69M
Volume Incr-32.76%
Vol(5)3.55M
Vol(50)4.16M