Following these proceedings, 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 0.48% to $120.86. Over the last five days, the stock has lost -0.09%. Royal Bank Of Canada shares have risen nearly 0.29% since the year began. Nevertheless, the stocks have risen 18.66% over the past one year. While a 52-week high of $128.05 was reached on 01/30/25, a 52-week low of $102.44 was recorded on 04/07/25. SMA at 50 days reached $115.27, while 200 days put it at $119.11.
Levels Of Support And Resistance For RY Stock
The 24-hour chart illustrates a support level at 120.33, which if violated will result in even more drops to 119.81. On the upside, there is a resistance level at 121.37. A further resistance level may holdings at 121.89. The Relative Strength Index (RSI) on the 14-day chart is 62.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 16.14%. Stochastics %K at 78.05% indicates the stock is a holding.
