ROYAL BANK OF CANADA (RY) Stock Technical Analysis
NYSE:RY - New York Stock Exchange, Inc. - CA7800871021 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to RY. In the last year, RY was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
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.
In the last month RY has a been trading in the 116.51 - 124.35 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
RY has an average volume of 1092490 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that RY is one of the better performing stocks in the market, outperforming 71% of all stocks. On top of that, RY also shows a nice and consistent pattern of rising prices. However, we also see that RY couldn't keep up this performance in the last couple of months.
RY is part of the Banks industry. There are 404 other stocks in this industry, RY did better than 53% of them.
Volume is considerably higher in the last couple of days.
RY has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 119.25. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 118.72, a Stop Loss order could be placed below this zone.
More info and screens
116.81
129.30
We found 1 important support area.
- A support zone ranging from 117.99 to 118.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 119.25 to 121.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 123.96 to 128.02. 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
CRS71.53
Mansfield-0.24
10 Day High121.03
10 Day Low117.02
20 Day High124.35
20 Day Low116.51
52 Week High128.05
52 Week Low95.84
Performance
1 Week-0.36%
2 Weeks-0.47%
1 Month-2.62%
3 Month-4.96%
6 Month2.91%
12 Month20.49%
2 Year17.15%
3 Year7.66%
5 Year59.63%
10 Year89.84%
15 Year119.94%
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)0.06
RSI(14)43.84
LBB117.64
UBB120.71
118.88
-0.78 (-0.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.65%
1 Week-0.36%
2 Weeks-0.47%
1 Month-2.62%
3 Month-4.96%
6 Month2.91%
12 Month20.49%
2 Year17.15%
3 Year7.66%
5 Year59.63%
10 Year89.84%
15 Year119.94%
Volatility
ATR(14)1.89
ATR(20)%1.52%
ATR Inc-21.79%
Range Today1.16
ADR(20)1.69
ADR(20)%1.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.53
Mansfield-0.24
10 Day High121.03
10 Day Low117.02
20 Day High124.35
20 Day Low116.51
52 Week High128.05
52 Week Low95.84
CS1 End118.72
CR1 Start119.25
Volume & EV
DER(3)-0.58%
DER(5)-0.15%
Volume2.17M
Volume Incr30.27%
Vol(5)1.60M
Vol(50)1.09M