The PEAD projected a Bullish outlook for $RY after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 83.33%.
Is the largest bank in Canada, Royal Bank of Canada , able to have another push to the upside considering the looming recession or is it time to eject and reverse to short positions?
Fundamental indicators:
Revenue and Profits - demonstrated consistent long-term earnings growth over the past 10 years
Profit margin - impressive 32% last year
P/E -...
The PEAD projected a Bullish outlook for $RY after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 50%.
Immediate targets 111, 109, and 106.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that...
RBC ($RY) Price Action and T.A. to try and see if the value of RBC is currently near its fair value, or if it is over inflated in price and should see a correction soon.
Royal bank of canada looks a gonner here
Would fit with the general risk off narrative
There is some hidden bull div so it might test the trendline a few times
I'm short
NOT FINANCIAL ADVICE
The PEAD projected a Neutral outlook for $RY after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 62.5%.
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Stock is just Breakout from 4 hour time correction...stock can create Long position above 130 for target 170 with SL 120....stock Can be outperform whole banking sector in next 6 months
William Alligator : the stock is currently in a bullish position because the candlesticks are above the Teeth, Lips and Jaw and the lines are “eating with an open mouth” this indicates that the stock is in a strong uptrend.
RSI : the line is above 70, so the stock is overbought.
Candlestick patterns : there are three white soldiers which are bullish...
RY is showing increased volume indicating a typical accumulation and step by step uptrend. The previous ceiling is becoming the support twice, target price at $108 to test for ceiling to support strength to make new highs.
