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ROYAL BANK OF CANADAROYAL BANK OF CANADAROYAL BANK OF CANADA

ROYAL BANK OF CANADA

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RY trade ideas

SHORT Royal Bank of Canada at 168.8 due to divergencesHello! Id like to be short Royal Bank of Canada here at $168.8 as it has divergences vs Commonwealth Bank of Australia (Who are in a very similar position) and on its RSI. We had a similar instance in 2023, that ignited a 20% decline in Royal Bank of Canadas share price. Target is an 11% decline to the January 2022 high at $150. Stop is just a couple of dollars above the current share price at $172.00. This allows a 6:1 risk reward ratio. Thanks! Kavi
TSX:RYShort
by kavijh
$RY out of correction?A good earning report can pop the price of TSX:RY to the upper channel line. 3 reasons why? 1. A decisive move about the parallel channels line will signal the end of the correction marked by me on the chart as the abc correction. 2. But if the report is negative or more precisely the market view of the report is negative we could stay in the correction for longer. 3. MACD histogram is positive. That's a stock that I will watch closely. What do you think? Bull or bear here? Legal Disclaimer: The information presented in this analysis is solely for informational and educational purposes only and does not serve as financial advice.
NYSE:RYLong
by WavesInvesting
Royal Bank of Canada: Bearish Diamond AnticipationRoyal Bank of Canada has confirmed a Diamond Top pattern on the weekly, along with a breaking of the Moving Average. Upon breaking down, I think it will start a move down all the way to the 88.6% Retrace, likely near $46. Since the Diamond is a Neutral pattern and we have not gotten an official breakdown yet, I will still be on the lookout for a breakout in the other direction, but I'm primarily positioned bearishly in puts.
NYSE:RYShort
by RizeSenpai
RYIntermediate target is $80. Long term is $20. Earnings for Canadian banks is in late August. With the pressure the BoC is placing on Canadian homeowners, already declining home prices, in addition to unrelenting inflation this earnings season could spur a massive wake-up call throughout the Canadian economy. It appears the BoC intends to lift rates 350bps by years end. This comes with the potential of triggering fixed payment variable-mortgages, of which account for over 40% of total Canadian mortgages. Characteristics of a Massacre.
NYSE:RYShort
by CBMMR