ROYAL BANK OF CANADA (RY) Stock Technical Analysis
USA - NYSE:RY - CA7800871021 - Common Stock
147.26 USD
+1.1 (+0.75%)
147 USD
-0.26 (-0.18%)
Overall RY gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, RY is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, RY did better than 75% of all other stocks.
RY is one of the better performing stocks in the Banks industry, it outperforms 73% of 392 stocks in the same industry.
RY is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month RY has a been trading in the 135.97 - 147.64 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
RY has an average volume of 1109340 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
RY has an excellent technical rating, but the quality of the setup is only medium 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.
More info and screens
119.87
148.74
We found 5 important support areas.
- A support zone ranging from 144.11 to 146.52. 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 135.90 to 137.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 128.45 to 128.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @125.00 from a horizontal line in the daily time frame.
- A support zone ranging from 121.08 to 121.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 147.27 to 147.27. 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 | 75.9 | POSITIVE | RY has a high relative strength, it outperformed 75.9% 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) | 72.39 | OVERBOUGHT | The high RSI value suggests RY may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests RY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 85.41 | 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) | 47.03 | POSITIVE | The high ADX value value for RY suggests a strong trend. |
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)
147.26
+1.1 (+0.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.75%
1 Week2.16%
2 Weeks1.92%
1 Month8.12%
3 Month15.69%
6 Month29.63%
12 Month20.78%
2 Year68.41%
3 Year63.55%
5 Year109.95%
10 Year166.53%
15 Year182.49%
Volatility
ATR(14)1.3
ATR(20)%1.25%
ATR Inc-6.38%
Range Today1.35
ADR(20)1.61
ADR(20)%1.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.9
Mansfield0.57
10 Day High147.54
10 Day Low143.94
20 Day High147.64
20 Day Low135.97
52 Week High147.64
52 Week Low106.1
CS1 End146.52
CR1 Start147.27
Volume & EV
DER(3)0.71%
DER(5)1.61%
Volume943.10K
Volume Incr-2.8%
Vol(5)900.86K
Vol(50)1.11M