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 5 out of 10 in our technical rating. 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 72% of all other stocks.
RY is part of the Banks industry. There are 30 other stocks in this industry. RY outperforms 89% of them.
RY is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
RY has an average volume of 5290810 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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.
RY has only a medium technical rating, but it does show 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 168.38. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 166.73, a Stop Loss order could be placed below this zone.
More info and screens
152.05
181.38
When analyzing the support we can see 4 important areas.
- A support zone ranging from 162.75 to 166.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @159.85 from a trend line in the weekly time frame.
- A support zone ranging from 157.05 to 157.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @153.59 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @168.38 from a horizontal line in the daily time frame.
- Strong resistance @174.56 from a horizontal line in the daily time frame.
- 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
CRS72.43
Mansfield0.27
10 Day High167.92
10 Day Low161.82
20 Day High167.92
20 Day Low152.6
52 Week High180.45
52 Week Low140.53
Performance
1 Week0.42%
2 Weeks2.33%
1 Month4.02%
3 Month-2.11%
6 Month-3.02%
12 Month18.26%
2 Year37.4%
3 Year26.23%
5 Year86.77%
10 Year111%
15 Year202.69%
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)0.53
RSI(14)58.08
LBB160.54
UBB169.01
TSX:RY (5/8/2025, 7:00:00 PM)
166.84
+0.44 (+0.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.26%
1 Week0.42%
2 Weeks2.33%
1 Month4.02%
3 Month-2.11%
6 Month-3.02%
12 Month18.26%
2 Year37.4%
3 Year26.23%
5 Year86.77%
10 Year111%
15 Year202.69%
Volatility
ATR(14)2.08
ATR(20)%1.51%
ATR Inc-38.79%
Range Today1.33
ADR(20)2.37
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
CRS72.43
Mansfield0.27
10 Day High167.92
10 Day Low161.82
20 Day High167.92
20 Day Low152.6
52 Week High180.45
52 Week Low140.53
CS1 End166.73
CR1 Start168.38
Volume & EV
DER(3)-0.82%
DER(5)-0.24%
Volume3.69M
Volume Incr-43.63%
Vol(5)4.30M
Vol(50)5.29M