Royal Bank of Canada., (RY) operates as a diversified financial services company across the globe. It operates through the personal finance, commercial banking, wealth management and insurance sectors. It comes within the financial services sector and is traded under the ticker “RY” on the New York Stock Exchange.
RY extends rally from April 2025 low where it managed to erase momentum divergence. He prefers a rally targeting $187.25 or higher as ((3)) of III. A short-term pullback at 3, 7 or 11 swings provides opportunities to buy in the extreme zone.
RY – Latest weekly view of Elliott Wave
Since the March 2020 low of (II), (III) has been rising weekly. The I of (III) has placed at a high of $119.41 in January 2022 and the II at $77.90 in the low of October 2023. Above that level, ((1)) of III has finished at a high of $128.05, ((2)) of a low of $106.10, and a rally of ((3)) is favored as the low of April 2025. Within ((1)) finished (1) at a high of $102.07, (2) at a low of $93.97, (3) at a high of $126.96, (4) at a low of $120.26 and (5) at a high of $128.05. Within ((2)) the price finished (A) at the low of $117.63, (B) at the high of $124.35, and (C) at the low of $106.10.
RY – Elliott wave display from 11.10.2025
Above the bottom ((2)), price placed (1) of (3) at the high of $134.26, (2) at the low of $127.38, and rose favored at (3) with the break of the price channel. Within (3), price 1 finished at a high of $149.26, 2 at a low of $143.13, and a rise in 3 is favored to the $165.02-$178.54 area before a correction at 4. We would like to buy the pullback at 3, 7 or 11 swings into the extreme zone to continue rising within ((3)). As long as momentum remains higher, it should see more upside as part of (3) of ((3)). ((3)) should extend towards $187.25 in 9 swings from the April 2025 low before correcting in ((4)).
