ROYAL BANK OF CANADA (RY) Stock Technical Analysis
USA - NYSE:RY - CA7800871021 - Common Stock
143.64 USD
-1.62 (-1.12%)
143.64 USD
0 (0%)
Overall RY gets a technical rating of 6 out of 10. RY has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
RY is part of the Banks industry. There are 392 other stocks in this industry. RY outperforms 83% of them.
RY is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so RY is lagging the market slightly.
When comparing the yearly performance of all stocks, we notice that RY is one of the better performing stocks in the market, outperforming 76% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
In the last month RY has a been trading in a tight range between 143.52 and 149.26.
RY has an average technical rating and it also does not offer a high quality setup 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
116.78
150.10
We found 4 important support areas.
- A support zone ranging from 139.02 to 143.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @136.03 from a trend line in the daily time frame.
- Support @125.00 from a horizontal line in the daily time frame.
- Support @117.96 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 143.99 to 148.61. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for RY is neutral. |
| ChartMill Relative Strength | 76.78 | POSITIVE | RY has a high relative strength, it outperformed 76.78% 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) | 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) | 43.53 | NEUTRAL | The RSI value for RY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.7 | NEGATIVE | The MACD value suggests RY has a negative trend. |
| Stochastics (14,3) | 7.29 | OVERSOLD | The low Stochastics value suggests RY may be oversold. |
| Average True Range in percent/ATR (20) | 0.96 | LOW VOLATILITY | The low ATR as a percentage value for RY suggests low volalility. |
| Average Directional Index/ADX (14) | 30.61 | 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)
143.64
-1.62 (-1.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.12%
1 Week-2.26%
2 Weeks-1.69%
1 Month-0.35%
3 Month9.02%
6 Month26.81%
12 Month16.04%
2 Year79.82%
3 Year55.34%
5 Year105.23%
10 Year152.75%
15 Year169.09%
Volatility
ATR(14)1.4
ATR(20)%0.96%
ATR Inc35.82%
Range Today2.77
ADR(20)1.36
ADR(20)%0.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.78
Mansfield0.47
10 Day High148
10 Day Low143.52
20 Day High149.26
20 Day Low143.52
52 Week High149.26
52 Week Low106.1
CS1 End143.63
CR1 Start143.99
Volume & EV
DER(3)-2.07%
DER(5)-1.06%
Volume1.22M
Volume Incr31.15%
Vol(5)1.09M
Vol(50)983.40K