Should I Buy Royal Bank of Canada Stock?
Based on our evaluation of the five key dimensions—Technical Signals, Moving Average trends, Short Sell Data, Similar Chart Pattern Matching and Seasonality Analysis—we have identified the following insights. RY has several positive signals and is within a rising trend, so we believe it will perform strongly in the next couple of days or weeks. We therefore hold a positive evaluation of this stock. Our analysis conclusion for this stock is a Strong Buy candidate.
RY stock price ended at $120.86 on Monday, after rising 0.48%
The Royal Bank of Canada stock price increased by 0.48% on the last trading day (12 May 2025), rising from 121.04 to 120.86. Throughout the last trading session, the stock experienced a fluctuation of 0.86% , ranging from a day low of $120.32 to a day high of 121.36. The price has declined in 4 of the last 10 days, resulting in a total change of 1.92% during this period. On the last day, trading volume decrease by 782.54K shares, with the rising prices. This could serve as an early warning, indicating that risk may slightly increase in the coming days. In total, 2.32M shares were traded, amounting to approximately 280.70M.
RY Technical Signals
RY(Royal Bank of Canada Corp) has 4 buy signals and 1 sell signal now. The current trend is consolidation starting from 2025-05-08. The total price change during this trend is +0.63%. Recently, the price has increased but the volume has decreased, indicating a potential warning signal. The average turnover of RY over the last 5 trading days is 123.61M. Overall, the technical indicator signals lean more toward a Bullish outlook in the mid-term.
RY Moving Average Analysis
Royal Bank of Canada's overall moving average trend leans more bullish as of Tuesday, May 13, 2025, with 1 negative signals and 3 positive signal. In the mid-term, the SMA_20 being above the SMA_60 signals a strong bullish trend. There will be some resistance from the lines at $122.48006666666667, and $124.12266666666667. A break-up above any of these levels will issue buy signals. There will be some support from the lines at $117.16526666666668, and $115.52266666666668. A break-down below any of these levels will issue sell signals.
RY Short Selling Analysis
The short sale ratio of Royal Bank of Canada(RY) as of 09 May 2025 is 5.38%, dropping from last trading day. With decreasing price from 119.83 to 120.28. The short sell activity indicate that short sellers may be experiencing short cover.
Technical Signal
Technical Signals Summary
Sell
1
Buy
4
Moving Average
Swing
PositiveStock Price Above SMA_5
Short Term
PositiveSMA_5 Above SMA_20
Mid Term
PositiveSMA_20 Above SMA_60
Long Term
NegativeSMA_60 Below SMA_200
Short Selling
Close Price
Short Sale Ratio
Short Sale Volume
4 Bullish Signals
When Value satisfies Signal, Indicator signals Bullish
Indicators
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 > 0
4.371
Bullish
Momentum (10 days)
MOM_10 > 0
2
Bullish
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 > 0
1.573
Bullish
Moving Average
Price crosses above 5-day SMA
--
Bullish
1 Bearish Signals
When Value satisfies Signal, Indicator signals Bearish
Indicators
Signal
Value
Meaning
Moving Average
5-day SMA crosses below 10-day SMA
--
Bearish
RY Price Prediction & Forecast by Similar Chart Analysis
Based on historical patterns and backtesting of stocks with similar movements to Royal Bank of Canada(RY), our algorithm predicts RY's 1-month price at $84.16, with an -30.03%downwardshift. Using a similarity score up to 96.65%and other factors, This forecast updates weekly, adjusting for significant deviations.
Similar Chart
The price prediction chart for Royal Bank of Canada (RY.N) stock, as of Sunday, May 11, 2025 , forecasts a -30.03% change over the next month, based on its high correlation with FET.N stock patterns. The similarity between their price movements over the analyzed periods is 96.65%. The right panel lists other stocks with similar price patterns. This prediction is updated every week.
RY
No Data
FET
Down: -30.03%Similarity: 96.65%
Name
Similarity
Up/Down
FET.N
96.65%
-30.03%
RYN.N
96.58%
+9.96%
VRRM.O
96.48%
-0.74%
SYY.N
96.29%
+1.04%
GFF.N
96.26%
-4.02%
RY Seasonality Analysis
Based on RY's historical stock price data across all years, the probability of a positive return in May is63.64%, suggesting it maybe an ideal month to invest in RY. In contrast,Novemberoffers the highest probability of positive returns at90.00%, making it a potentially strong month for investment.
However, this is only a prediction based on one method, and a comprehensive assessment of the stock's future trend should consider additional factors. Our final stock price commentary incorporates three main evaluation dimensions: technical signals, Moving Average trends, and similar chart pattern matching, with the first two dimensions carrying the primary weight to ensure a more robust and accurate forecast.
Monthly Seasonality
The radar chart shows that buying Royal Bank of Canada (RY.N) stock in November has the highest probability of a positive return (90.00%), while March has the lowest probability (36.36%).
Performance Seasonality
The chart shows Royal Bank of Canada. (RY)'s annual stock price return for the past three years, helping you analyze price trends and identify recurring trends on an annual basis.
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FAQ
Should I buy Royal Bank of Canada (RY.N) stock?
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Which bearish technical signals does RY have?
Is RY a buy based on overall technical signals summary?
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