ROYAL BANK OF CANADA (RY) Stock Technical Analysis
NYSE:RY - New York Stock Exchange, Inc. - CA7800871021 - Common Stock
Taking everything into account, RY scores 6 out of 10 in our technical rating. RY was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
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 is one of the better performing stocks in the market, outperforming 70% of all stocks. We also observe that the gains produced by RY over the past year are nicely spread over this period.
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 1036140 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
RY is an average performer in the Banks industry, it outperforms 58% of 405 stocks in the same industry.
In the last month RY has a been trading in a tight range between 117.63 and 123.17.
Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, RY does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 121.92, a Stop Loss order could be placed below this zone.
More info and screens
117.24
129.30
When analyzing the support we notice one important area.
- A support zone ranging from 118.42 to 121.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 121.48 to 122.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 124.73 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
CRS70.81
Mansfield0
10 Day High123.17
10 Day Low117.63
20 Day High123.17
20 Day Low117.63
52 Week High128.05
52 Week Low93.97
Performance
1 Week2.92%
2 Weeks1.5%
1 Month2%
3 Month-0.18%
6 Month10.45%
12 Month23.66%
2 Year19.42%
3 Year7.19%
5 Year54.81%
10 Year116.01%
15 Year149.16%
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)0.24
RSI(14)54.82
LBB118.04
UBB122.56
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 |
|---|---|---|---|
| 123.18 | 118.41 | 4.77 (3.87%) | 25.00% |
| An entry @123.18. This is a Buy Stop order right above the 10 day high. | An exit @118.41. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.77 points, which is 3.87%. | For a 0.97% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
ROYAL BANK OF CANADA
NYSE:RY (1/22/2025, 1:52:57 PM)
121.47
-0.77 (-0.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.63%
1 Week2.92%
2 Weeks1.5%
1 Month2%
3 Month-0.18%
6 Month10.45%
12 Month23.66%
2 Year19.42%
3 Year7.19%
5 Year54.81%
10 Year116.01%
15 Year149.16%
Volatility
ATR(14)1.58
ATR(20)%1.23%
ATR Inc-8.45%
Range Today1.31
ADR(20)1.43
ADR(20)%1.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.81
Mansfield0
10 Day High123.17
10 Day Low117.63
20 Day High123.17
20 Day Low117.63
52 Week High128.05
52 Week Low93.97
CS1 End121.92
CR1 Start124.73
Volume & EV
DER(3)-0.01%
DER(5)0.6%
Volume738.90K
Volume Incr93.29%
Vol(5)1.58M
Vol(50)1.04M