ROYAL BANK OF CANADA (RY) Stock Technical Analysis
NYSE:RY - New York Stock Exchange, Inc. - CA7800871021 - Common Stock - Currency: USD
Overall RY gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
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!
Looking at the yearly performance, RY did better than 74% of all other stocks. We also observe that the gains produced by RY over the past year are nicely spread over this period.
RY is one of the better performing stocks in the Banks industry, it outperforms 77% 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.
RY has an average volume of 1085540 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month RY has a been trading in a tight range between 127.38 and 134.25.
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
112.97
135.56
5 important support areas can be observed.
- A support zone ranging from 128.02 to 131.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @125.00 from a horizontal line in the daily time frame.
- Strong support @120.89 from a horizontal line in the daily time frame.
- Support @118.76 from a trend line in the weekly time frame.
- Support @114.11 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 132.82 to 134.22. 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 | NEUTRAL | NEUTRAL | The short term trend for RY is neutral. |
| ChartMill Relative Strength | 74.42 | POSITIVE | RY has a high relative strength, it outperformed 74.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RY is above 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) | 56.71 | NEUTRAL | The RSI value for RY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests RY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 51.98 | NEUTRAL | The Stochastics value for RY is a neutral value. |
| Average True Range in percent/ATR (20) | 1.11 | LOW VOLATILITY | The low ATR as a percentage value for RY suggests low volalility. |
| Average Directional Index/ADX (14) | 20.97 | NEUTRAL | The ADX value for RY suggests a possible start of a new 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)
132.21
+1.48 (+1.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.13%
1 Week2.18%
2 Weeks-1.49%
1 Month-0.17%
3 Month9.92%
6 Month10.8%
12 Month21.15%
2 Year46.74%
3 Year42.1%
5 Year73.69%
10 Year137.96%
15 Year176.53%
Volatility
ATR(14)1.39
ATR(20)%1.11%
ATR Inc22.93%
Range Today1.24
ADR(20)1.32
ADR(20)%0.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.42
Mansfield-0.01
10 Day High133.11
10 Day Low127.38
20 Day High134.26
20 Day Low127.38
52 Week High134.26
52 Week Low106.1
CS1 End131.49
CR1 Start132.82
Volume & EV
DER(3)0.62%
DER(5)0.9%
Volume834.90K
Volume Incr-34.25%
Vol(5)846.72K
Vol(50)1.09M