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Royal Bank of Canada Non-Cum Conv Red Pfd Registered Shs Series -BO- Reg SRoyal Bank of Canada Non-Cum Conv Red Pfd Registered Shs Series -BO- Reg SRoyal Bank of Canada Non-Cum Conv Red Pfd Registered Shs Series -BO- Reg S

Royal Bank of Canada Non-Cum Conv Red Pfd Registered Shs Series -BO- Reg S

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RY.PR.S 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
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