Stock Trend Analysis Report
Prepared for you on Friday, December 15, 2017.
ROYAL BANK of CANADA (TSE:RY)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for RY
The long term trend has been UP since Sep 29th, 2017 at 96.20
The intermediate term trend has been UP since Nov 23rd, 2017 at 101.59
The short term trend has been DOWN since Dec 14th, 2017 at 101.72
Smart Scan Analysis for RY
Based on a pre-defined weighted trend formula for chart analysis, RY scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||102.8||Year High Date||2017-12-13|
|Year Low||90.13||Year Low Date||2017-09-08|
|52wk High||102.8||52wk High Date||2017-12-13|
|52wk Low||90.13||52wk Low Date||2017-09-08|
|Year End Close||59.88||Average Volume||1,859,452|