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ROYAL BANK OF CANADA - RY 3 PERP (RY-PR-M.CA) Stock Technical Analysis

TSX:RY-PR-M - Toronto Stock Exchange - CA78012T4708 - Currency: CAD

24.69  +0.02 (+0.08%)

Technical Rating and Analysis

7

We assign a technical rating of 7 out of 10 to RY-PR-M. Although RY-PR-M is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

Warning: RY-PR-M has an average volume of 14901 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
RY-PR-M is one of the better performing stocks in the Banks industry, it outperforms 79% of 30 stocks in the same industry.
RY-PR-M is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so RY-PR-M is leading the market.
When compared to the yearly performance of all other stocks, RY-PR-M outperforms 60% of them, which is more or less in line with the market.
In the last month RY-PR-M has a been trading in a tight range between 24.37 and 24.75.
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 PERP / RY-PR-M Weekly stock chart
ROYAL BANK OF CANADA - RY 3 PERP / RY-PR-M Daily stock chart
Setup Rating and Analysis

7

Besides having an excellent technical rating, RY-PR-M also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 24.70. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 24.65, a Stop Loss order could be placed below this zone.

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Support and Resistance Analysis

23.24

25.00

When analyzing the support we notice one important area.

  • A support zone ranging from 23.47 to 24.65. 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 24.70 to 24.75. 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
CRS60.89
Mansfield-0.13
10 Day High24.75
10 Day Low24.5
20 Day High24.75
20 Day Low24.37
52 Week High24.75
52 Week Low21.85
Performance
1 Week0.16%
2 Weeks0.16%
1 Month2.88%
3 Month0.69%
6 Month1.31%
12 Month8.29%
2 Year47.84%
3 Year8.77%
5 Year68.65%
10 Year-0.36%
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)0.02
RSI(14)58.4
LBB24.41
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
24.7624.490.27 (1.09%)25.00%
An entry @24.76. This is a Buy Stop order right above the resistance zone.An exit @24.49. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 0.27 points, which is 1.09%.For a 0.27% 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.

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ROYAL BANK OF CANADA - RY 3 PERP / RY-PR-M Daily stock chart

ROYAL BANK OF CANADA - RY 3 PERP

TSX:RY-PR-M (5/15/2025, 7:00:00 PM)

24.69

+0.02 (+0.08%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.08%
1 Week0.16%
2 Weeks0.16%
1 Month2.88%
3 Month0.69%
6 Month1.31%
12 Month8.29%
2 Year47.84%
3 Year8.77%
5 Year68.65%
10 Year-0.36%
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%0.46%
ATR Inc0.85%
Range Today0.09
ADR(20)0.05
ADR(20)%0.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.89
Mansfield-0.13
10 Day High24.75
10 Day Low24.5
20 Day High24.75
20 Day Low24.37
52 Week High24.75
52 Week Low21.85
CS1 End24.65
CR1 Start24.7
Volume & EV
DER(3)0%
DER(5)0%
Volume11.80K
Volume Incr-45.65%
Vol(5)3.82K
Vol(50)14.90K