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.
As mentioned in last article, RY continue impulse rally in 1 of (3). It already broke the trend channel upward, favoring continuation for target above 226.9 or higher. Buyers can look to buy the pullback in 3, 7 or 11 swings against March-2026 low.
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. It ended ((1)) of III at $128.05 high, ((2)) at $106.10 low & favors rally in ((3)) as nest from April-2025 low. Within ((1)), it ended (1) at $176.19 high, ended (2) at $156.91 low & favors rally in (3) towards $226.96 - $270.2 area. In (1), it placed 1 at $149.26 high, 2 at $143.13 low, 3 at $174.61 high, 4 at $164.95 low & 5 at $176.19 high.
RY - Elliott Wave View From 4.13.2026:
It managed to break the trend channel upward, confirming rally to be (3). The RSI should erase the momentum divergence for further confirmation to be (3). It out-performs the Finance sector & market. Currently, it favors rally in 1 of (3), expected as April-2026 update. It expects more upside in 1 before correcting in 2. We like to buy the clear pullback in 3, 7 or 11 swings at extremes in 2 against 3.30.2026 low. It proposed most bullish case as nesting in III. So far the high shows momentum divergence & if breaks below March-2026 low, it can end ((1)) at last peak before correcting against October-2023 low in alternate scenario before rally continue.
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