Royal Bank Of Canada (RY) has been under a strong bear grip, hence the stock is down -0.76% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.13% in the past 1 week. The stock has risen by 0.29% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.29% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.11% and the 50-Day Moving Average is 0.4%.The 200 Day SMA reached 8.9%
Royal Bank Of Canada (NYSE:RY): After opening at $62.18, the stock dipped to an intraday low of $61.94 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $62.42 and the buying power remained strong till the end. The stock closed at $61.96 for the day, a gain of 0.36% for the day session. The total traded volume was 811,044. The stocks close on the previous trading day was $61.96.
Royal Bank Of Canada (RY) : 5 Wall Street analysts covering Royal Bank Of Canada (RY) believe that the average level the stock could reach for the short term is $62.57. The maximum price target given is $68 and the minimum target for short term is around $55, hence the standard deviation is calculated at $5.14.
Royal Bank of Canada (RBC) is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. It operates in five segments: Personal & Commercial Banking, which operates comprises its personal and business banking operations, as well as its auto financing and retail investment businesses; Wealth Management, which comprises Canadian Wealth Management, United States and International Wealth Management and Global Asset Management (GAM); Insurance, which operates under two business lines: Canadian Insurance and International Insurance; Investor & Treasury Services, which is a provider of asset servicing, custody, payments and treasury services, and Capital Markets, which comprises two business lines: Corporate and Investment Banking and Global Markets. It operates in three geographic segments: Canada, United States and Other International.