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Bullish Case: Recent target price upgrades, consistent dividend attraction, and acquisitions driving portfolio expansion create potential for RY's positive performance and growth.


Bearish Case: Low option trading volume, recent price flatlining, and potential backlash from controversial holdings present risks to RY's short-term outlook.


Potential Outcomes:

1. Muted growth continues: 45%.

2. Positive re-evaluation after acquisition integrations: 30%.

3. Impact of low-volume trade and skepticism leads to decline: 25%.


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April 05, 2024


Royal Bank Of Canada Forecast

RY        Royal Bank Of Canada
Price Forecast: NEUTRAL    Price Action: RANDOM (?)






Correlated Stock Forecasts

Assets that tend to move strongly with RY



SPYD Forecast + Options Trading Strategies   [SPYD]  SPDR Series Trust - SPDR Portfolio S&P 500 High Dividend (0.92)


CM Forecast + Options Trading Strategies   [CM]  Canadian Imperial Bank Of Commerce (0.92)


VGK Forecast + Options Trading Strategies   [VGK]  Vanguard FTSE Europe (0.91)


CENX Forecast + Options Trading Strategies   [CENX]  Century Aluminum (0.9)


EWC Forecast + Options Trading Strategies   [EWC]  BlackRock Institutional Trust Company N.A. - iShares MSCI Canada (0.9)



Uncorrelated Stock Forecasts

Assets with little price relationship to RY



GCI Forecast + Options Trading Strategies   [GCI]  Gannett (0.0)


ROKU Forecast + Options Trading Strategies   [ROKU]  Roku (0.0)


CME Forecast + Options Trading Strategies   [CME]  CME (-0.0)


MSM Forecast + Options Trading Strategies   [MSM]  MSC Industrial Direct Co. (-0.0)


OVV Forecast + Options Trading Strategies   [OVV]  Ovintiv (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against RY



RWM Forecast + Options Trading Strategies   [RWM]  ProShares Trust - ProShares Short Russell2000 (-0.82)


UUP Forecast + Options Trading Strategies   [UUP]  Invesco DB US Dollar Index Bullish (-0.83)


DRV Forecast + Options Trading Strategies   [DRV]  Direxion Daily Real Estate Bear 3X Shares (-0.86)


SRS Forecast + Options Trading Strategies   [SRS]  ProShares UltraShort Real Estate (-0.88)


REK Forecast + Options Trading Strategies   [REK]  ProShares Short Real Estate (-0.9)





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