ROYAL BANK OF CANADA

- USD (-)

- 15 min delayed data - NYSE Stocks

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Change:	-
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Type:	Stocks
Ticker:	RY
ISIN:	CA7800871021

ROYAL BANK OF CANADA - Daily - Technical analysis published on 06/19/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 78.49 USD

My targets

80.95 USD (+2.83%)

86.75 USD (+10.20%)

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 78.49 USD. The buyers” bullish objective is set at 80.95 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 86.75 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

ROYAL BANK OF CANADA rating 78.72 USD. The price registered an increase of +1.92% on the session and was between 77.55 USD and 78.82 USD. This implies that the price is at +1.51% from its lowest and at -0.13% from its highest.

77.55

78.82

78.72

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

Bullish opening

Type : Bullish

Timeframe : Openning

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

The study of the highest / lowest by the Central Records scanner shows the following results:

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. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

Resistance of triangle is broken

Type : Bullish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	71.61	75.87	78.49	78.72	80.95	86.75
Change (%)	-9.03%	-3.62%	-0.29%	-	+2.83%	+10.20%
Change	-7.11	-2.85	-0.23	-	+2.23	+8.03
Level	Minor	Major	Major	-	Major	Intermediate

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	76.32	76.71	76.97	77.36	77.62	78.01	78.27
Camarilla	77.06	77.12	77.18	77.24	77.30	77.36	77.42
Woodie	76.26	76.68	76.92	77.33	77.57	77.98	78.21
Fibonacci	76.71	76.95	77.11	77.36	77.60	77.76	78.01

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	74.69	75.64	76.43	77.38	78.17	79.12	79.91
Camarilla	76.73	76.89	77.05	77.21	77.37	77.53	77.69
Woodie	74.60	75.60	76.34	77.34	78.08	79.08	79.82
Fibonacci	75.64	76.31	76.72	77.38	78.05	78.46	79.12

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):	59.80
MACD (12,26,9):	0.0000
Directional Movement:	4.80
AROON (14):	85.71
DEMA (21):	77.31
Parabolic SAR (0,02-0,02-0,2):	75.95
Elder Ray (13):	0.79
Super Trend (3,10):	75.29
Zig ZAG (10):	78.72
VORTEX (21):	0.9300
Stochastique (14,3,5):	77.61
TEMA (21):	77.38
Williams %R (14):	-2.54
Chande Momentum Oscillator (20):	3.57
Repulse (5,40,3):	1.7500
ROCnROLL:	1
TRIX (15,9):	-0.0400
Courbe Coppock:	2.18

MA7:	77.54
MA20:	77.07
MA50:	77.88
MA100:	76.99
MAexp7:	77.59
MAexp20:	77.39
MAexp50:	77.33
MAexp100:	76.57
Price / MA7:	+1.52%
Price / MA20:	+2.14%
Price / MA50:	+1.08%
Price / MA100:	+2.25%
Price / MAexp7:	+1.46%
Price / MAexp20:	+1.72%
Price / MAexp50:	+1.80%
Price / MAexp100:	+2.81%

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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