ROYAL BANK OF CANADA (RY) Stock Technical Analysis
NYSE:RY - New York Stock Exchange, Inc. - CA7800871021 - Common Stock - Currency: USD
Overall RY gets a technical rating of 7 out of 10. In the past year, RY was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
Looking at the yearly performance, RY did better than 82% of all other stocks. On top of that, RY also shows a nice and consistent pattern of rising prices.
In the last month RY has a been trading in the 106.10 - 119.86 range, which is quite wide. It is currently trading near the high of this range.
RY has an average volume of 1438830 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
RY is part of the Banks industry. There are 398 other stocks in this industry, RY did better than 63% of them.
RY is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Besides having an excellent technical rating, RY also presents a decent setup pattern. 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 121.08. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 117.64, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
104.59
129.30
When analyzing the support we can see 4 important areas.
- A support zone ranging from 114.13 to 117.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 110.91 to 112.22. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 108.36 to 108.81. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @105.65 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 121.08 to 121.39. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @123.96 from a horizontal line in the daily time frame.
- A resistance zone ranging from 126.05 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
CRS82.79
Mansfield0.42
10 Day High119.86
10 Day Low110.14
20 Day High119.86
20 Day Low106.1
52 Week High128.05
52 Week Low96.52
Performance
1 Week1.31%
2 Weeks7.1%
1 Month2.66%
3 Month-3.96%
6 Month-3.84%
12 Month19.97%
2 Year18.58%
3 Year16.56%
5 Year91.2%
10 Year77.14%
15 Year94.58%
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)0.66
RSI(14)57.56
LBB108.23
UBB120.81
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 121.40 | 114.12 | 7.28 (6.00%) | 16.68% |
| An entry @121.40. This is a Buy Stop order right above the resistance zone. | An exit @114.12. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 7.28 points, which is 6.00%. | When investing 16.68% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
117.76
+0.09 (+0.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.08%
1 Week1.31%
2 Weeks7.1%
1 Month2.66%
3 Month-3.96%
6 Month-3.84%
12 Month19.97%
2 Year18.58%
3 Year16.56%
5 Year91.2%
10 Year77.14%
15 Year94.58%
Volatility
ATR(14)3.09
ATR(20)%2.66%
ATR Inc-62.1%
Range Today1.24
ADR(20)3.02
ADR(20)%2.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.79
Mansfield0.42
10 Day High119.86
10 Day Low110.14
20 Day High119.86
20 Day Low106.1
52 Week High128.05
52 Week Low96.52
CS1 End117.64
CR1 Start121.08
Volume & EV
DER(3)-0.76%
DER(5)-1%
Volume787.20K
Volume Incr19.5%
Vol(5)1.79M
Vol(50)1.44M