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Royal Bank Of Canada (RY) - Buy, Sell or Hold?

Sector: Finance   Sub-Sector: Commercial Banks
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 18 Aug 2017NoneBearish EngulfingTue, 15 Aug 20170.14%
***Stock database and scans are updated around midnight (New York time) every trading day.
73.32 0.00 (0%) Aug 18 4:02pm EDT
Open: 73.19 Range: 72.73 - 73.60 Vol: 975.79K Avg Vol: 991.62K
EPS: 5.86 P/E ratio: 12.52 EBITDA: 0.00 Mkt Cap: 106.82B
Analyze "RY" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 73.32
Medium Term: Trading is Range Bound
Last Trade is below the 20 day moving average at 74.15
Last Trade is above the 50 day moving average at 73.29
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 70.72
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of RY

Stock Trend Analysis - Buy, Sell or Hold "Royal Bank Of Canada" (RY)?

RY is in a very strong uptrend. In the last 52 weeks, RY has been trading above the 200 day moving average for 100% of the time with an average daily volume of 991.6K shares being traded. The 50 day moving average, currently at 73.29, although still maintaining a bullish inclination, is however exhibiting characteristics of a medium term trading range. As the dominant long term trend is still up strongly, the high probability trade is still buying the dips. The 20 day moving average, although in a trading range, generally confirms this view as the underlying strength in RY still has a bullish bias with price maintaining above the 20 SMA for 65% of the time in the last two months of trading. Traders who are thinking of going long RY shares should consider patiently waiting for price to be near the 50 or 200 SMAs, currently at 73.29 and 70.72 respectively. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "RY".

The analyst consensus estimates for the 1 year price target for this stock is $75.71* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 18 Aug 2017
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