RSI low/high Values: [ 25 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of RY
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Green day on Thursday for Royal Bank of Canada
(Updated on Mar 28, 2024)

Hold candidate since Mar 26, 2024 Gain 1.74% PDF

The Royal Bank of Canada stock price gained 0.478% on the last trading day (Thursday, 28th Mar 2024), rising from $100.40 to $100.88. During the last trading day the stock fluctuated 1.05% from a day low at $100.20 to a day high of $101.25. The price has been going up and down for this period, and there has been a 1.12% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 98 thousand more shares were traded than the day before. In total, 548 thousand shares were bought and sold for approximately $55.26 million.

The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $101.06 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Royal Bank of Canada stock with a 90% probability to be traded between $94.53 and $100.94 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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RY Signals & Forecast

The Royal Bank of Canada stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $100.07 and $98.54. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -0.198%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Royal Bank of Canada stock

Royal Bank of Canada finds support from accumulated volume at $99.27 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.06 between high and low, or 1.05%. For the last week the stock has had daily average volatility of 1.10%.

Our recommended stop-loss: $96.97 (-3.88%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 11 days ago.)

Trading Expectations (RY) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Royal Bank of Canada to open at $100.78, and during the day (based on 14 day Average True Range), to move between $99.65 and $102.11, which gives a possible trading interval of +/-$1.23 (+/-1.22%) up or down from last closing price. If Royal Bank of Canada takes out the full calculated possible swing range there will be an estimated 2.44% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $100.99 (0.11%) than the support at $99.27 (1.60%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Royal Bank of Canada stock A Buy?

Royal Bank of Canada holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.274 Hold/Accumulate Unchanged

Predicted Opening Price for Royal Bank of Canada of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$100.78 ( 0.104%) $100.88

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for RY

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 101.83 0.94 %
R2 101.43 0.542 %
R1 101.18 0.295 %
Current price: 100.88
Support S1 100.37 -0.504 %
S2 100.12 -0.750 %
S3 99.72 -1.15 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 101.31 0.426 %
R2 101.08 0.198 %
R1 100.99 0.109 %
Current price 100.88
Support S1 99.27 -1.60%
S2 98.95 -1.91%
S3 97.83 -3.02%

RY Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 29, 2024 Apr 24, 2024 May 24, 2024 $1.02 1.01%
2 Dec 01, 2023 Jan 24, 2024 Feb 23, 2024 $1.02 1.03%
3 Aug 24, 2023 Oct 25, 2023 Nov 24, 2023 $0.98 1.12%
4 May 25, 2023 Jul 25, 2023 Aug 24, 2023 $1.03 1.13%
5 Mar 01, 2023 Apr 24, 2023 May 24, 2023 $0.98 1.07%

FAQ

What is the symbol for Royal Bank of Canada Stock and on which exchange is it traded?
The symbol for Royal Bank of Canada is RY and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Royal Bank of Canada Stock?
Royal Bank of Canada holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy Royal Bank of Canada Stock?
Royal Bank of Canada Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Royal Bank of Canada Stock.

What's the current price of Royal Bank of Canada Stock?
As of the end of day on the 2024-03-28, the price of an Royal Bank of Canada (RY) share was $100.88.

What is the 52-week high and low for Royal Bank of Canada Stock?
The 52-week high for Royal Bank of Canada Stock is $102.07 and the 52-week low is $77.90.

What is the market capitalization of Royal Bank of Canada Stock?
As of the 2024-03-28, the market capitalization of Royal Bank of Canada is 142.065B.

When is the next earnings date for Royal Bank of Canada?
The upcoming earnings date for Royal Bank of Canada is May 23, 2024.
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About Royal Bank of Canada

Royal Bank of Canada Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, invest... RY Profile

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