ROYAL BANK OF CANADA

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	RY
ISIN:	CA7800871021

ROYAL BANK OF CANADA - Daily - Technical analysis published on 09/15/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

61%

39%

My opinion

Bearish under 95.47 USD

My targets

89.10 USD (-2.40%)

83.82 USD (-8.18%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ROYAL BANK OF CANADA. As long as you are under the resistance located at 95.47 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 89.10 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 83.82 USD as an objective. Crossing it would then enable sellers to target 71.94 USD. If the resistance 95.47 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

0.5

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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Additional analysis

Quotes

The ROYAL BANK OF CANADA rating is 91.29 USD. The price registered a decrease of -0.02% on the session and was traded between 90.99 USD and 91.52 USD over the period. The price is currently at +0.33% from its lowest and -0.25% from its highest.

90.99

91.52

91.29

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this ROYAL BANK OF CANADA chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

In fact, 11 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Near resistance of channel

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	71.94	83.82	89.10	91.29	92.56	95.47	100.26
Change (%)	-21.20%	-8.18%	-2.40%	-	+1.39%	+4.58%	+9.83%
Change	-19.35	-7.47	-2.19	-	+1.27	+4.18	+8.97
Level	Intermediate	Major	Major	-	Major	Minor	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	89.61	90.10	90.70	91.19	91.79	92.28	92.88
Camarilla	91.01	91.11	91.21	91.31	91.41	91.51	91.61
Woodie	89.68	90.13	90.77	91.22	91.86	92.31	92.95
Fibonacci	90.10	90.51	90.77	91.19	91.60	91.86	92.28

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	83.73	85.60	86.84	88.71	89.95	91.82	93.06
Camarilla	87.24	87.52	87.81	88.09	88.38	88.66	88.95
Woodie	83.43	85.44	86.54	88.55	89.65	91.66	92.76
Fibonacci	85.60	86.79	87.52	88.71	89.90	90.63	91.82

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	75.65	81.89	86.00	92.24	96.35	102.59	106.70
Camarilla	87.25	88.20	89.15	90.10	91.05	92.00	92.95
Woodie	74.58	81.36	84.93	91.71	95.28	102.06	105.63
Fibonacci	81.89	85.85	88.29	92.24	96.20	98.64	102.59

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	52.59
MACD (12,26,9):	-0.8400
Directional Movement:	3.86
AROON (14):	28.57
DEMA (21):	89.08
Parabolic SAR (0,02-0,02-0,2):	87.69
Elder Ray (13):	1.19
Super Trend (3,10):	91.76
Zig ZAG (10):	91.43
VORTEX (21):	0.9600
Stochastique (14,3,5):	83.34
TEMA (21):	89.33
Williams %R (14):	-5.23
Chande Momentum Oscillator (20):	1.03
Repulse (5,40,3):	1.3200
ROCnROLL:	-1
TRIX (15,9):	-0.2200
Courbe Coppock:	0.25

MA7:	89.53
MA20:	89.61
MA50:	93.64
MA100:	94.07
MAexp7:	90.17
MAexp20:	90.45
MAexp50:	92.27
MAexp100:	93.66
Price / MA7:	+1.97%
Price / MA20:	+1.87%
Price / MA50:	-2.51%
Price / MA100:	-2.96%
Price / MAexp7:	+1.24%
Price / MAexp20:	+0.93%
Price / MAexp50:	-1.06%
Price / MAexp100:	-2.53%

Quotes : - 15 min delayed data - NYSE Stocks

News

The latest news and videos published on ROYAL BANK OF CANADA at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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