Royal Caribbean Cruises Stock Forecast
Royal Caribbean Cruises stock price ended at $127.64 on Thursday, after losing 0.258%.
(Updated on Apr 18, 2024)
The Royal Caribbean Cruises stock price fell by -0.258% on the last day (Thursday, 18th Apr 2024) from $127.97 to $127.64. During the last trading day the stock fluctuated 2.76% from a day low at $127.11 to a day high of $130.62. The price has fallen in 6 of the last 10 days and is down by -5.48% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -379 thousand shares and in total, 2 million shares were bought and sold for approximately $215.05 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $124.18 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 11.13% during the next 3 months and, with a 90% probability hold a price between $138.00 and $159.56 at the end of this 3-month period.
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RCL Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.82%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Royal Caribbean Cruises stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $128.81 and $131.51. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Royal Caribbean Cruises stock
Royal Caribbean Cruises finds support from accumulated volume at $126.96 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $3.51 between high and low, or 2.76%. For the last week, the stock has had daily average volatility of 3.37%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RCL) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Royal Caribbean Cruises Ltd to open at $128.46, and during the day (based on 14 day Average True Range), to move between $123.57 and $131.71, which gives a possible trading interval of +/-$4.07 (+/-3.19%) up or down from last closing price. If Royal Caribbean Cruises Ltd takes out the full calculated possible swing range there will be an estimated 6.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $127.67 (0.02%) than the support at $126.96 (0.53%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Royal Caribbean Cruises will release earnings BMO on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.30. We will update the financials statements for Royal Caribbean Cruises, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 7.67% in the first trading day after earnings release.
Is Royal Caribbean Cruises Ltd stock A Buy?
The Royal Caribbean Cruises stock holds several negative signals and despite the positive trend, we believe Royal Caribbean Cruises will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.122 Sell Candidate Unchanged
Predicted Opening Price for Royal Caribbean Cruises Ltd of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $128.46 ( 0.639%) | $127.64 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RCL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 131.96 | 3.38 % | |
| R2 | 130.62 | 2.34 % | ||
| R1 | 129.79 | 1.69 % | ||
| Current price: | 127.64 | |||
| Support | S1 | 127.12 | -0.410 % | |
| S2 | 126.29 | -1.06 % | ||
| S3 | 124.95 | -2.11 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 135.04 | 5.80 % | |
| R2 | 133.18 | 4.34 % | ||
| R1 | 127.67 | 0.0235 % | ||
| Current price | 127.64 | |||
| Support | S1 | 126.96 | -0.533% | |
| S2 | 123.44 | -3.29% | ||
| S3 | 122.56 | -3.98% |
RCL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 20, 2020 | Mar 05, 2020 | Apr 06, 2020 | $0.780 | 2.63% |
| 2 | Dec 05, 2019 | Dec 19, 2019 | Jan 06, 2020 | $0.780 | 0.593% |
| 3 | Sep 06, 2019 | Sep 19, 2019 | Oct 11, 2019 | $0.780 | 0.725% |
| 4 | May 10, 2019 | Jun 03, 2019 | Jul 03, 2019 | $0.700 | 0.601% |
| 5 | Feb 13, 2019 | Mar 06, 2019 | Apr 05, 2019 | $0.700 | 0.597% |
FAQ
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