Royal Bank (RY.TO) has recently surged into the Favored Green Zone of the SIA S&P/TSX 60 Index Report, breaking through the $150 resistance level to reach $164.08. This significant turnaround, marked by a 41.15% gain over the past year, reflects a broader market shift favoring traditional banks amid expectations of lower interest rates. The Point and Figure chart indicates strong support at $133 and $149.78, with resistance at $182.58 and $201.58, while the bank’s SMAX score has improved to a perfect 10 out of 10.