ROYAL BANK OF CANADA
34.21
USD
(-2.09%)
03/31/2025 - 14:34
Open 15 min delayed data - NYSE Stocks
| Open: | 34.84 |
| Change: | -0.73 |
| Volume: | 59,590 |
| Low: | 33.84 |
| High: | 34.90 |
| High / Low range: | 1.06 |
| Type: | Stocks |
| Ticker: | RY |
| ISIN: | CA7800871021 |
ROYAL BANK OF CANADA - Daily - Technical analysis published on 10/22/2024 (GMT)
- 153
- 0
- 10/22/2024 - 19:35
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : Daily
- - Analysis generated on 10/22/2024 - 19:35
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 121.41 USD
My targets
128.43 USD (+2.78%)
131.75 USD (+5.43%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ROYAL BANK OF CANADA as long as the price remains well above 121.41 USD. The buyers' bullish objective is set at 128.43 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 131.75 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8
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.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ROYAL BANK OF CANADA price is 124.96 USD. The price is lower by -0.02% since the last closing and was traded between 124.13 USD and 124.97 USD over the period. The price is currently at +0.67% from its lowest and -0.01% from its highest.124.13
124.97
124.96
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ROYAL BANK OF CANADA:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of ROYAL BANK OF CANADA in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 109.31 | 113.27 | 121.41 | 124.96 |
| Change (%) | -12.52% | -9.35% | -2.84% | - |
| Change | -15.65 | -11.69 | -3.55 | - |
| Level | Minor | Major | Major | - |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 122.66 | 123.54 | 124.26 | 125.14 | 125.86 | 126.74 | 127.46 |
| Camarilla | 124.55 | 124.70 | 124.84 | 124.99 | 125.14 | 125.28 | 125.43 |
| Woodie | 122.59 | 123.50 | 124.19 | 125.10 | 125.79 | 126.70 | 127.39 |
| Fibonacci | 123.54 | 124.15 | 124.53 | 125.14 | 125.75 | 126.13 | 126.74 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 119.57 | 121.23 | 123.64 | 125.30 | 127.71 | 129.37 | 131.78 |
| Camarilla | 124.93 | 125.30 | 125.68 | 126.05 | 126.42 | 126.80 | 127.17 |
| Woodie | 119.95 | 121.42 | 124.02 | 125.49 | 128.09 | 129.56 | 132.16 |
| Fibonacci | 121.23 | 122.79 | 123.75 | 125.30 | 126.86 | 127.82 | 129.37 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 116.24 | 118.09 | 121.41 | 123.26 | 126.58 | 128.43 | 131.75 |
| Camarilla | 123.31 | 123.78 | 124.26 | 124.73 | 125.20 | 125.68 | 126.15 |
| Woodie | 116.98 | 118.46 | 122.15 | 123.63 | 127.32 | 128.80 | 132.49 |
| Fibonacci | 118.09 | 120.07 | 121.29 | 123.26 | 125.24 | 126.46 | 128.43 |
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): | 59.33 | |
| MACD (12,26,9): | 1.3000 | |
| Directional Movement: | 7.93 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 125.46 | |
| Parabolic SAR (0,02-0,02-0,2): | 121.46 | |
| Elder Ray (13): | 0.93 | |
| Super Trend (3,10): | 121.41 | |
| Zig ZAG (10): | 124.99 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 82.88 | |
| TEMA (21): | 125.05 | |
| Williams %R (14): | -30.03 | |
| Chande Momentum Oscillator (20): | 3.60 | |
| Repulse (5,40,3): | 0.4700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1400 | |
| Courbe Coppock: | 2.20 |
| MA7: | 125.04 | |
| MA20: | 123.69 | |
| MA50: | 120.42 | |
| MA100: | 114.26 | |
| MAexp7: | 124.94 | |
| MAexp20: | 123.66 | |
| MAexp50: | 120.38 | |
| MAexp100: | 115.40 | |
| Price / MA7: | -0.06% | |
| Price / MA20: | +1.03% | |
| Price / MA50: | +3.77% | |
| Price / MA100: | +9.36% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +1.05% | |
| Price / MAexp50: | +3.80% | |
| Price / MAexp100: | +8.28% |
Quotes :
10/22/2024 - 19:19
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15 min delayed data
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NYSE Stocks
News
The last news published on ROYAL BANK OF CANADA at the time of the generation of this analysis was as follows:
- 04/17/2024 - 22:08 Royal Bank of Canada announces NVCC AT1 Limited Recourse Capital Notes issue
- 07/03/2023 - 07:04 CACEIS and Royal Bank of Canada complete acquisition of RBC Investor Services' operations in Europe and Malaysia
- 03/21/2023 - 11:15 CLEARBLUE MARKETS ANNOUNCES ROYAL BANK OF CANADA AS MINORITY INVESTOR AS PART OF SERIES A FINANCING
- 03/21/2023 - 11:15 CLEARBLUE MARKETS ANNOUNCES ROYAL BANK OF CANADA AS MINORITY INVESTOR AS PART OF SERIES A FINANCING
- 11/29/2022 - 11:30 HSBC Agrees to Sell Its Business in Canada to Royal Bank of Canada
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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