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AI Analysis of RCL
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Royal Caribbean Cruises stock upgraded to Strong Buy Candidate.
(Updated on Jun 25, 2024)

Buy or Hold candidate since Apr 22, 2024 Gain 21.77% PDF

The Royal Caribbean Cruises stock price gained 4.02% on the last trading day (Tuesday, 25th Jun 2024), rising from $154.52 to $160.73. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 4.98% from a day low at $154.01 to a day high of $161.68. The price has risen in 6 of the last 10 days and is up by 3.43% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $531.84 million.

The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $164.16 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 17.80% during the next 3 months and, with a 90% probability hold a price between $171.75 and $193.38 at the end of this 3-month period.

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RCL Signals & Forecast

The Royal Caribbean Cruises stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $152.24 and $148.82. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 26.96%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Royal Caribbean Cruises stock

On the downside, the stock finds support just below today's level from accumulated volume at $140.80 and $137.47. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Royal Caribbean Cruises finds support just below today's level at $140.80. If this is broken, then the next support from accumulated volume will be at $137.47 and $135.04.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $7.67 (4.98%) between high and low. For the last week, the stock has had daily average volatility of 2.79%.

Our recommended stop-loss: $154.56 (-3.84%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 59 days ago.)

Trading Expectations (RCL) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Royal Caribbean Cruises Ltd to open at $158.81, and during the day (based on 14 day Average True Range), to move between $156.53 and $164.93, which gives a possible trading interval of +/-$4.20 (+/-2.61%) 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 5.22% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $140.80, some $19.93 (12.40%) from the current price of $160.73, our system finds the risk reward attractive.

Is Royal Caribbean Cruises Ltd stock A Buy?

Royal Caribbean Cruises holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 6.789 Strong Buy Candidate Upgraded

Predicted Opening Price for Royal Caribbean Cruises Ltd of Wednesday, June 26, 2024

Fair opening price June 26, 2024 Current price
$158.81 ( 1.20%) $160.73

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
R3 166.48 3.58%
R2 163.55 1.75%
R1 161.74 0.626%
Price 160.73
S1 155.88 -3.02%
S2 154.07 -4.15%
S3 151.14 -5.97%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 0 -
R1 0 -
Price 160.73
S1 140.80 -12.40%
S2 137.47 -14.47%
S3 135.04 -15.98%

RCL Dividend Payout History


# Declaration Date 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

What is the symbol for Royal Caribbean Cruises Stock and on which exchange is it traded?
The symbol for Royal Caribbean Cruises is RCL and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Royal Caribbean Cruises Stock?
Royal Caribbean Cruises holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

How to buy Royal Caribbean Cruises Stock?
Royal Caribbean Cruises Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Royal Caribbean Cruises Stock.

What's the current price of Royal Caribbean Cruises Stock?
As of the end of day on the Jun 25, 2024, the price of an Royal Caribbean Cruises (RCL) share was $160.73.

What is the 52-week high and low for Royal Caribbean Cruises Stock?
The 52-week high for Royal Caribbean Cruises Stock is $161.68 and the 52-week low is $78.35.

What is the market capitalization of Royal Caribbean Cruises Stock?
As of the Jun 25, 2024, the market capitalization of Royal Caribbean Cruises is 39.766B.

When is the next earnings date for Royal Caribbean Cruises?
The upcoming earnings date for Royal Caribbean Cruises is Jul 25, 2024.
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About Royal Caribbean Cruises Ltd

Royal Caribbean Cruises Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara, and Silversea Cruises brands, which comprise a range of itineraries that call on approximately 1,000 destinations. As of February 25, 2022, it operated 61 ships. The company was founded in 1968 and is headquartered in Miami, Florida.... RCL Profile

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