ROYAL BANK OF CANADA (RY) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RY - CA7800871021 - Common Stock
Overall RY gets a technical rating of 10 out of 10. Both in the recent history as in the last year, RY has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although RY has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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119.88
We found 5 important support areas.
- A support zone ranging from 165.28 to 166.01. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 155.25 to 155.52. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @151.52 from a trend line in the weekly time frame.
- A support zone ranging from 143.99 to 144.36. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @121.09 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 171.60 to 171.75. 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 is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RY is up. |
| ChartMill Relative Strength | 89.94 | POSITIVE | RY has a high relative strength, it outperformed 89.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 80.01 | OVERBOUGHT | The high RSI value suggests RY may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests RY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93.66 | OVERBOUGHT | The high Stochastics value suggests RY may be overbought. |
| Average True Range in percent/ATR (20) | 1.25 | LOW VOLATILITY | The low ATR as a percentage value for RY suggests low volalility. |
| Average Directional Index/ADX (14) | 57.95 | POSITIVE | The high ADX value value for RY suggests a strong trend. |
171.59
-0.15 (-0.09%)
ROYAL BANK OF CANADA / RY FAQ
What is the ChartMill technical rating of ROYAL BANK OF CANADA (RY) stock?
ChartMill assigns a technical rating of 10 / 10 to RY.
What is the trend direction for RY stock?
The current trend direction for ROYAL BANK OF CANADA (RY) is Bullish.
What is the RSI signal for ROYAL BANK OF CANADA (RY) stock?
ROYAL BANK OF CANADA (RY) has an RSI value of 80.0053. This indicates that the stock is currently overbought.
What is the MACD signal for RY stock?
The MACD indicator for ROYAL BANK OF CANADA (RY) has a value of 0.0605609, indicating a bearish trend.
What is the buy/sell signal for RY stock?
The buy/sell signal for ROYAL BANK OF CANADA (RY) is buy as both the short term and long term trends are positive.