RBC Shares Fall 2% Amid Technical Weakness
Royal Bank of Canada (RY) shares fell by over 2% after reporting positive earnings and higher dividends, but still facing technical weakness in the short term.
The bank's strong performance was driven by accelerated AI adoption and efficiency gains, as well as robust growth in wealth management and deal activity divisions.
Despite this, the stock is trading below its 20-day moving average but above the 50- and 200-day averages, indicating a bullish medium- and long-term trend structure.