Tag Archives: RBC

RBC (RY.TO) moves above resistance and the 50-day moving average

RBC will test the recent high around $134 RBC dail chart showing the move above the 50-day average. Investor Relations – RBC

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Technical Analysis is about avoiding snakes and catching ladders

Note: This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.

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RBC (RY:TSX) candlestick chart analysis

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Near-term uptrend for RBC: Can it break $52.00?

Candlestick chart analysis for the royal Bank of Canada showing the near-term uptrend and major resistance athe the 200-day SMA

RBC Three Year Chart

Chart for the Royal Bank of Canada shows the near-term uptrend with resistance at the 200-day simple moving average of $52.00. If the stock can break and hold above $52.00 for two days, this point will become the new support level. The reversal of roles from resistance to support or support to resistance is an important concept in technical analysis.

Please review my recent charts for RBC:

Relevant articles picked from the Web:

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The main purpose of TradeOnline.ca is a starting point for your own chart analysis. Technical analysis serves as a guidepost in your daily investment analysis and is used in conjunction with fundamental analysis. There is no magic formula for making profits when you trade online in the stock market. We are all students of the market, and one should never give up reviewing and learning the basics. Visit the Advanced Chart Settings and customize BigCharts so you can review different time periods.

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Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2011 TradeOnline.ca

Royal Bank of Canada – RBC – chart analysis

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Two breakaway gaps on the candlestick chart for RBC

Royal Bank of Canada - RBC - candlestick chart analysis showing two breakaway gaps. The last gap appeared after the earnings release. The chart shows three simple moving averages. The intermediate trend is down and the near-term trend is up. The resistance level is $50.00. Three was above average volume for the last gap after the earnings release. The relative strength indicator known as RSI is confirming the near-term uptrend for the Royal Bank of Canada. RBC is traded on the Toronto stock exchange under the symbol (RY:TSX). This is the largest bank in Canada.

RBC Six-Month Daily Candlestick Chart Analysis

Reference two previous charts for RBC:

Key points from the above chart analysis are:

  • The intermediate trend (three weeks to six months) is still down.
  • The near-term trend (less than three weeks) is up.
  • RBC is trading above the three simple moving averages.
  • The 10-day SMA is crossing the 20-day SMA.
  • Volume is increasing with the near-term uptrend.
  • RSI is confirming the near-term uptrend.
  • Two breakaway gaps bode well for the uptrend.
  • The last gap (window) should provide support ($48) on any pullback.
  • The near-term resistance level is around $50.00.
  • You must take into account the trend for the overall market – TSX Index.
  • The intermediate trend for the TSX Index is down.

Conclusion

When you trade the markets, you are dealing with probabilities.  What is the probability of the the near-term uptrend continuing for RBC?

Relevant articles picked from the Web:

______________________________

The main purpose of TradeOnline.ca is a starting point for your own chart analysis. Technical analysis serves as a guidepost in your daily investment analysis and is used in conjunction with fundamental analysis. There is no magic formula for making profits when you trade online in the stock market. We are all students of the market, and one should never give up reviewing and learning the basics. Visit the Advanced Chart Settings and customize BigCharts so you can review different time periods.

______________________________

Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2011 TradeOnline.ca

Technical Analysis: Royal Bank (RY:TSX)

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RBC chart analysis showing a bullish shaven head candlestick

Six-Month daily candlestick chart for the Royal Bank showing a bullish shaven head candlestick. Three simple moving averages (SMA) are identified on the chart. The intermediate trend is down which is highlighted by the 40-day moving average. Resistance is at $50.00 and support should be around the gap which is sometimes called a window. On Balance Volume is shown on the chart analysis and aslo the Relative Strength Indicator (RSI). The Royal Bank is the largest bank in Canada and is traded on the Toronto Stock Exchange with the symbol of RY.

Royal Bank (RY:TSX) Candlestick Chart

Reference the last chart analysis for the Royal Bank of Canada based on the weekly candlestick chart: Royal Bank chart analysis indicates a bottom

The key points from the above chart analysis of the Royal Bank are:

  • Will there be follow-through in buying after the bullish shaven head candlestick?
  • What will be the reaction on the chart to the earnings release this Friday?
  • The intermediate trend is still down for RBC.
  • The overall market action for the TSX Index must be taken into account.
  • The intermediate trend for the TSX Index is still down.
  • The gap (window) will act as support on any pullback.
  • Major resistance level for RBC is around $50.00 on both the daily and weekly chart.
  • There must be above average volume to sustain the near-term uptrend.
  • The Relative Strength Indicator (RSI) is confirming the near-term uptrend.

Relevant articles picked from the Web:

______________________________

The main purpose of TradeOnline.ca is a starting point for your own chart analysis. Technical analysis serves as a guidepost in your daily investment analysis and is used in conjunction with fundamental analysis. There is no magic formula for making profits when you trade online in the stock market. We are all students of the market, and one should never give up reviewing and learning the basics. Visit the Advanced Chart Settings and customize BigCharts so you can review different time periods.

______________________________

Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2011 TradeOnline.ca

Royal Bank (RY:TSX) candlestick chart

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Royal Bank of Canada chart analysis indicates a bottom

Candlestick chart analysis for the Royal Bank based on the weekly chart indicates a bottom with the RSI at an oversold level

Royal Bank (RY:TSX) Weekly Chart

The intermediate trend for RBC is sideways and the near-term trend is down. The $45.00 support level was tested in September, October and November: the support level has held. There is an old trading axiom that advises you to never try and catch a falling knife. But a small position at this level is a relatively low risk entry point as you monitor the chart for a breakout above resistance around the $50.00 level. A break below $45.00 would be a reason to liquidate the long positions.

Reference the last chart analysis for the Royal Bank of Canada based on the daily chart.

Review the fundamental data for RBC.

Relevant articles picked from the web:

______________________________

The main purpose of TradeOnline.ca is a starting point for your own chart analysis. Technical analysis serves as a guidepost in your daily investment analysis and is used in conjunction with fundamental analysis. There is no magic formula for making profits when you trade online in the stock market. We are all students of the market, and one should never give up reviewing and learning the basics. Visit the Advanced Chart Settings and customize BigCharts so you can review different time periods.

______________________________

Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2011 TradeOnline.ca