ROYAL BANK OF CANADA (RY) Technical Analysis
NYSE:RY • CA7800871021
Current stock price
158.21 USD
-1.98 (-1.24%)
At close:
158.21 USD
0 (0%)
After Hours:
RY Technical Rating and Analysis
We assign a technical rating of 5 out of 10 to RY. In the last year, RY was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
- In the last month RY has a been trading in the 157.57 - 168.93 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the yearly performance of all stocks, we notice that RY is one of the better performing stocks in the market, outperforming 80% of all stocks. On top of that, RY also shows a nice and consistent pattern of rising prices.
- RY is one of the better performing stocks in the Banks industry, it outperforms 80% of 380 stocks in the same industry.
- RY is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so RY is performing more or less in line with the market.
- RY has an average volume of 1486310 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
RY Weekly and Daily overview Charts
RY Setup Rating and Analysis
RY has an average technical rating and also 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
RY Support and Resistance Analysis
118.77
177.22
2 important support areas can be observed.
- A support zone ranging from 158.20 to 158.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @119.97 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 161.48 to 163.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 171.51 to 175.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
RY Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for RY is down. |
| ChartMill Relative Strength | 80.9 | POSITIVE | RY has a high relative strength, it outperformed 80.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RY is below a declining 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) | 35.42 | NEUTRAL | The RSI value for RY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.25 | NEGATIVE | The MACD value suggests RY has a negative trend. |
| Stochastics (14,3) | 25.55 | NEUTRAL | The Stochastics value for RY is a neutral value. |
| Average True Range in percent/ATR (20) | 1.94 | LOW VOLATILITY | The low ATR as a percentage value for RY suggests low volalility. |
| Average Directional Index/ADX (14) | 23.94 | NEUTRAL | The ADX value for RY suggests a possible start of a new trend. |
RY Chart- and CandleStick Pattern Analysis
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)
RY Technicals: Chart, Performance Metrics, Trend & Indicators
158.21
-1.98 (-1.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.24%
1 Week-0.62%
2 Weeks-1.89%
1 Month-5.39%
3 Month-7.75%
6 Month8.28%
12 Month41.08%
2 Year56.83%
3 Year65.53%
5 Year71.58%
10 Year174.86%
15 Year155.3%
Volatility
ATR(14)2.77
ATR(20)%1.94%
ATR Inc-6.81%
Range Today2.3
ADR(20)2.72
ADR(20)%1.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.9
3 months CRS38.17
6 months CRS80.58
Mansfield1.05
10 Day High165.41
10 Day Low157.57
20 Day High168.93
20 Day Low157.57
52 Week High176.19
52 Week Low106.1
CS1 End158.2
CR1 Start161.48
Volume & EV
DER(3)-0.66%
DER(5)-0.67%
Volume2.20M
Volume Incr23.12%
Vol(5)1.67M
Vol(50)1.49M
ROYAL BANK OF CANADA / RY TA FAQ
What is the ChartMill technical rating of ROYAL BANK OF CANADA (RY) stock?
ChartMill assigns a technical rating of 5 / 10 to RY.
Can you provide the trend direction for ROYAL BANK OF CANADA?
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 35.4178. This indicates that the stock is currently neutral.
What is the short term momentum for ROYAL BANK OF CANADA (RY) stock?
The short term momentum for ROYAL BANK OF CANADA (RY) is negative.
What is the buy/sell signal for ROYAL BANK OF CANADA (RY) stock?
The buy/sell signal for ROYAL BANK OF CANADA (RY) is hold as the short term and long term trends are mixed.