Taking this into account, CIBC upgraded its Royal Bank Of Canada [RY] rating to a Sector outperform from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who increased its forecast for the stock in late November from “an Equal weight” to “an Overweight”. TD Securities also remained covering RY and has decreased its forecast on November 15, 2024 with a “Hold” recommendation from previously “Buy” rating. UBS started covering the stock on July 02, 2024. It rated RY as “a Buy”.
Price Performance Review of RY
On Monday, Royal Bank Of Canada [NYSE:RY] saw its stock jump 0.70% to $118.58. Over the last five days, the stock has gained 2.93%. Royal Bank Of Canada shares have fallen nearly -1.60% since the year began. Nevertheless, the stocks have risen 21.91% over the past one year. While a 52-week high of $128.05 was reached on 01/30/25, a 52-week low of $96.52 was recorded on 04/07/25. SMA at 50 days reached $115.00, while 200 days put it at $118.64.
Levels Of Support And Resistance For RY Stock
The 24-hour chart illustrates a support level at 117.95, which if violated will result in even more drops to 117.31. On the upside, there is a resistance level at 118.95. A further resistance level may holdings at 119.31. The Relative Strength Index (RSI) on the 14-day chart is 59.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.81, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.84%. Stochastics %K at 86.33% indicates the stock is a selling.
How much short interest is there in Royal Bank Of Canada?
A steep rise in short interest was recorded in Royal Bank Of Canada stocks on 2025-04-15, growing by 13.03 million shares to a total of 19.01 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-14 was 5.98 million shares. There was a rise of 68.52%, which implies that there is a positive sentiment for the stock.
