ROYAL BANK OF CANADA (RY.CA) Stock Technical Analysis
TSX:RY - Toronto Stock Exchange - CA7800871021 - Common Stock - Currency: CAD
We assign a technical rating of 7 out of 10 to RY. RY has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
RY has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 174.56. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 170.15, a Stop Loss order could be placed below this zone.
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152.05
When analyzing the support we can see 4 important areas.
- A support zone ranging from 168.09 to 170.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @163.06 from a trend line in the weekly time frame.
- Support @157.27 from a horizontal line in the weekly time frame.
- Support @153.59 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 174.56 to 175.14. This zone is formed by a combination of multiple trend lines and important moving averages 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.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for RY.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RY.CA is up. |
| ChartMill Relative Strength | 72.31 | POSITIVE | RY.CA has a high relative strength, it outperformed 72.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RY.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RY.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RY.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.19 | NEUTRAL | The RSI value for RY.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.52 | NEGATIVE | The MACD value suggests RY.CA has a negative trend. |
| Stochastics (14,3) | 41.48 | NEUTRAL | The Stochastics value for RY.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.17 | LOW VOLATILITY | The low ATR as a percentage value for RY.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 13.13 | NEGATIVE | The low ADX value for RY.CA suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 175.15 | 172.97 | 2.18 (1.24%) | 25.00% |
| An entry @175.15. This is a Buy Stop order right above the resistance zone. | An exit @172.97. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.18 points, which is 1.24%. | For a 0.31% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of RY. Please evaluate whether better entry and exit points can be found.
- 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.
TSX:RY (6/13/2025, 7:00:00 PM)
173.55
-1.72 (-0.98%)