Royal Caribbean Cruises Ltd. Stock Forecast
Royal Caribbean Cruises Ltd. stock price ended at $147.46 on Monday, after losing 0.0958%.
(Updated on Jun 17, 2024)
The Royal Caribbean Cruises Ltd. stock price fell by -0.0958% on the last day (Monday, 17th Jun 2024) from $147.60 to $147.46. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.16% from a day low at $144.74 to a day high of $147.87. The price has been going up and down for this period, and there has been a 1.51% gain for the last 2 weeks. 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 -3 thousand shares and in total, 2 thousand shares were bought and sold for approximately $273.25 thousand.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 16.36% during the next 3 months and, with a 90% probability hold a price between $165.78 and $184.76 at the end of this 3-month period.
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0I1W.L Signals & Forecast
The Royal Caribbean Cruises Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $152.55. On a fall, the stock will find some support from the long-term average at approximately $146.04. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, June 05, 2024, and so far it has fallen -5.61%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Royal Caribbean Cruises Ltd. stock
Royal Caribbean Cruises Ltd. finds support from accumulated volume at $142.62 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $3.13 between high and low, or 2.16%. For the last week the stock has had daily average volatility of 2.63%.
Our recommended stop-loss: $138.58 (-6.02%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 44 days ago.)
Trading Expectations (0I1W.L) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Royal Caribbean Cruises Ltd. to open at $146.69, and during the day (based on 14 day Average True Range), to move between $143.61 and $151.31, which gives a possible trading interval of +/-$3.85 (+/-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.
Since the stock is closer to the support from accumulated volume at $142.62 (3.28%) than the resistance at $154.01 (4.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Royal Caribbean Cruises Ltd. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Royal Caribbean Cruises Ltd. stock to perform well in the short-term.
Current score: 2.097 Buy Candidate Unchanged
Predicted Opening Price for Royal Caribbean Cruises Ltd. of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $146.69 ( 0.523%) | $147.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0I1W.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 149.82 | 1.60% |
| R2 | 148.62 | 0.789% |
| R1 | 147.89 | 0.288% |
| Price | 147.46 | |
| S1 | 145.49 | -1.33% |
| S2 | 144.76 | -1.83% |
| S3 | 143.56 | -2.65% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 156.22 | 5.94% |
| R2 | 156.10 | 5.86% |
| R1 | 154.01 | 4.44% |
| Price | 147.46 | |
| S1 | 142.62 | -3.28% |
| S2 | 137.70 | -6.62% |
| S3 | 131.97 | -10.51% |
0I1W Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 20, 2020 | Mar 05, 2020 | Apr 06, 2020 | $0.780 | 0% |
| 2 | Feb 13, 2018 | Mar 06, 2018 | Apr 05, 2018 | $0.600 | 0% |
| 3 | Dec 20, 2017 | Dec 20, 2017 | Dec 20, 2017 | $0.600 | 0% |
| 4 | Sep 21, 2017 | Sep 21, 2017 | Sep 21, 2017 | $0.600 | 0% |
| 5 | May 31, 2017 | May 31, 2017 | May 31, 2017 | $0.480 | 0% |
FAQ
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