Royal Caribbean Cruises (NYSE: RCL) STOCK RECOMMENDATION
Idea | BUY |
Buy Range | 228 – 233 |
Target | 245 – 248 |
StopLoss* | below 222 |
Duration | 12-14 Trading Days |
Potential Returns | 5% – 6% |
Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
BUY | 228 – 233 | 245 – 248 | below 222 | 12-14 Trading Days | 5% – 6% |
* Once the first target hit, reset the StopLoss at your buying price.
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Royal Caribbean Cruises (NYSE: RCL) STOCK OVERVIEW
Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Silversea Cruises brands, which comprise a range of itineraries. As of February 21, 2024, it operated 65 ships. Royal Caribbean Cruises Ltd. was founded in 1968 and is headquartered in Miami, Florida.
Stock Data | |
NYSE Symbol | RCL |
Sectoral Index | Marine Transportation |
52 Weeks High | 238.1 |
52 Weeks Low | 102.77 |
Royal Caribbean Cruises (NYSE: RCL) - RELATIVE STRENGTH
Relative Performance - Last 1 Year
RCL — NYSE —
Royal Caribbean Cruises (NYSE: RCL) - DAILY TECHNICAL ANALYSIS
- The stock price is currently experiencing an impressive upward trend.
- During this ascent, it formed a Rounding Bottom pattern.
- After breaking out, the price surged, and after a short period of consolidation, it developed an Inverted Head & Shoulders pattern.
- With another breakout, the stock price has reached an all-time high and is expected to keep rising.
Royal Caribbean Cruises (NYSE: RCL) - RSI
- Current RSI of this stock is 72.96, which indicates the strength of buyers.
Royal Caribbean Cruises (NYSE: RCL) - ADX & DI
- Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.
Royal Caribbean Cruises (NYSE: RCL) - EMA Cross
- The short length exponential moving average (10 EMA) has crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.
CONCLUSION - Royal Caribbean Cruises (NYSE: RCL) STOCK PRICE FORECAST
Based on our stock trading advice in USA, Royal Caribbean Cruises stock price target will be USD 245 – USD 248 in the next 12-14 trading sessions.