RBC Stock Holds Near Support as Seller Pressure Persists
Royal Bank of Canada's stock has continued to hold near support levels despite seller pressure persisting in the market. The bank reported a strong fiscal third quarter 2026 net income of $6.0 billion, driven by performance in wealth management and capital markets.
The company returned $4.0 billion to shareholders through dividends and buybacks, increasing its capital flexibility after a regulator reduced required buffers. However, gross impaired loans increased by $353 million sequentially, mainly within real estate and utilities in capital markets and wealth management.
From a technical perspective, RY is trading below both the MA-20 and MA-50 moving averages but remains above the long-term MA-200 level. Momentum readings are mixed, with MACD, ADX, and Awesome Oscillator all indicating a sell bias.
The expected trading range for RY is C$279.89 to C$288.19 over several trading days, with a downside scenario more probable due to the level of resistance.