Royal Bank of Canada., (RY) operates as diversified financial service company worldwide. It operates through personal finance, commercial banking, wealth management & Insurance segments. It comes under Financial services sector & trades as “RY” ticker at NYSE.
RY favors rally within April-2025 sequence as showing in (1) discussed in last article. It expects further upside in 5 of (1) impulse into $150.86 – $153.23 area, while dips remain above 10.13.2025 low to end (1). We like to buy later in (2) pullback in 3, 7 or 11 swings pullback at extreme area.
RY – Elliott Wave latest weekly view
Since March-2020 low as (II), it started rally in (III) in weekly. It placed I of (III) at $119.41 high in January-2022 & II at $77.90 in October-2023 low. Within I, it ended ((1)) at $78.31 high, ((2)) at $67.78 low, ((3)) at $108.09 high, ((4)) at $98.00 low & finally ((5)) at $119.41 high. Within II, it ended ((W)) at $83.63 low, ((X)) at $104.72 high & ((Y)) at $77.90 low as $0.618 Fibonacci retracement of I. Above II low, it placed ((1)) of III at $128.05 high in December-2024 & ((2)) at $106.10 low in April-2025. Within ((1)) of III, it ended (1) at $102.07 high, (2) at $93.97 low, (3) at $126.96 high, (4) at $120.26 low & (5) at $128.05 high.
RY – Elliott Wave view from 9.22.2025
Above ((2)) low, it favors rally in (1) & can extend towards $150.86 to $156.28 area to finish it. Within (1), it ended 1 at $134.26 high, 2 at $127.38 low, 3 at $149.26 high & 4 at $143.13 low of 10.13.2025. Currently, it favors higher in 5 of (1) as it already broke to above 3 high. It expects two more swings in 5, which confirm above 149.44 high to extend into $150.86 – $153.26 area to finish (1). Do not like to chase the small upside as it has minimum swings in placed. We like to buy the next pullback in (2) in 3, 7 or 11 swings, while dips hold the up-trending trendline.
Source: https://www.fxstreet.com/news/ry-royal-bank-of-canada-favors-final-push-before-pullback-202511111428
