RCL took a bit of time to recover from COVID but has now done well. The dialy chart reflects
this. Last year price rose in the winder and spring then fell when the summer ended and
reversed upside in November. Ir is now in a rising wedge and price is at the upper trendline.
It is confluent with the second upper VWAP band line suggesting not much room upside...
As I observe the day to day activity on RCL, I see the possibility of price dropping towards the low 100s between 113ish. The weekly timeframe overall up until now has been on a steady climb to the upside. So a strong dip into a fair value which would encourage investors to look for entry at a lower valuation when it comes.
Looking at the daily timeframe I've...
Royal Caribbean Cruises has spent more than two months consolidating, but it may be getting ready to move again.
The first pattern on today’s chart is the trendline along the closes of December 28 and January 31. RCL ended yesterday above it, which could make some traders think the stock is breaking out.
Prices are also pushing above their 50-day simple moving...
We can break up the review section of the trading into several distinct sections.
1. Review for discipline and personal insight
2. Review for performance (statistics)
3. Review for market insight
4. Review for method development
I'm going to do the first section "Review For Discipline". We can keep this simple and ask 2 questions.
1. Did you make a clear and...
Since the trendline slopes upward, do not short, it could be very risky.
If it reaches bottom trendline again and price bounces off the bottom trendline, it could be a good entry point (at around $100) for a short term target of the resistance line (around $132).
Analyzing the options chain and the chart patterns of RCL Royal Caribbean Cruises prior to the earnings report this week,
I would consider purchasing the 130usd strike price Calls with
an expiration date of 2024-3-15,
for a premium of approximately $6.25.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Inter Miami's Surprising Shift:
Major League Soccer's Inter Miami, led by the iconic Lionel Messi, has opted to replace cryptocurrency investment firm XBTO Group with global cruise operator Royal Caribbean International ( NYSE:RCL ) as its main sponsor. The strategic decision, announced at a grand unveiling event, marks a departure from the crypto industry,...
I've been a holder of NYSE:RCL since 2021 and I'm happy with the stock. Still, today I sold my shares. Here's why:
First on the technicals: The stock ran 50% since its late October bottom without even a two-day correction. So, it's due for some of that. Also, @LonesomeTheBlue's terrific Trend Lines Pro tool identifies 2 competing rising trading channels on a...
Entered the NYSE:RCL trade yesterday as the price closed above the resistance zone. We also had a re-test the same day.
Today the price is up and my trade is profitable. In the short term, the oscillators are overbought which suggests that we could have a pullback soon as the price enters the choppy demand and supply zones from the past.
My medium term price...
Royal Caribbean (RCL) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving.
Current-Quarter Estimate Revisions
The company is expected to earn $1.10 per share for the current quarter, which represents...
SHORT interest is over 8%.
The target is D.
Possible stop below C.
This pattern forms over and over in the market and is a measured move down. Price hits C and goes back up. When D is reached, the target, this pattern often reverses.
The Auto-fib indicator on TV can help one spot this pattern. C will be at the 0 level of the fib table using this indicator. If...
NYSE:RCL Fibonacci Support .618 The Royal Caribbean Cruises Ltd. ( NYSE:RCL ) stock appears to be interacting with a significant level of Fibonacci support at the .618 retracement. This level is often considered a crucial juncture in technical analysis, serving as a potential turning point where the asset could find support and rebound. Originating from the...
Hey traders! 🖐️
I've been keeping a keen eye on Royal Caribbean Cruises (RCL), and I believe there's a good chance it's preparing to embark on a bullish journey! Here are my observations:
1️⃣ Consolidation Period: Since July, NYSE:RCL has been in a consolidation phase. These periods often precede significant price movements as the market 'decides' on the...
Hi traders ... i specify for you my short area on RLC . if it close and confirm above 136usd daily my position will be fail and stop out as i highlighted that on screen.
be aware that is daily and swing trade not long term .
share this with your friend .
Good luck
NYSE:RCL Double Top & Gann Price $112 Royal Caribbean Cruises (RCL) almost tested a double top today at This is a technical pattern that occurs when the price of a stock forms two peaks that are the same or very close in price. The second peak is usually lower than the first peak, and it indicates that the momentum of the uptrend is starting to fade.
🔹RCL is in a rising trend channel in the medium long term.
🔹Short term momentum is strongly positive, with RSI above 70.
🔹Overall assessed as technically positive for the medium long term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder |...
RCL experiencing declining volume, and being highly leveraged in a tumultuous macro environment leads me to believe this recent rally in price will struggle to overcome the strong resistance zone of 93-99 a share.
Retreat back to 65 support seems probable in the intermediate term.
As always, this is not financial advice. Good luck!
![RCL: RCL - Rising Trend Channel [MID TERM]](https://s3.tradingview.com/g/gNZXJrPK_mid.png "RCL - Rising Trend Channel [MID TERM]")
