Buy Royal Caribbean Cruises | NYSE RCL | Naranj Capital

 BUY   Royal Caribbean Cruises (NYSE: RCL)

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.

Our recommendations are authentic and transparent. Find this recommendation posted in Tradingview. Be assured such records are permanent and irreversible.

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

RCL - RELATIVE STRENGTH

Relative Performance - Last 1 Year

RCL —     NYSE —

Royal Caribbean Cruises (NYSE: RCL) - DAILY TECHNICAL ANALYSIS

Royal Caribbean Cruises (NYSE: RCL) - Technical Analysis (Daily)
  • 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

RCL - RSI
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

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

RCL - EMA CROSS
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.

Royal Caribbean Cruises (NYSE: RCL) TRADINGVIEW POSITION UPDATE

MONEY MANAGEMENT AND TRADING RULES

1)  It’s advisable to enter/exit in the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other trading recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance of Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as a Certified Financial Technician (CFTe) by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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