RY Elliott Wave forecast: Wave (3) advance targets $226.96–$270.20

Elliott Wave Forecast Team ElliottWave-Forecast.com

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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Elliott Wave Forecast Team

ElliottWave-Forecast.com

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