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Uptrend ExhaustionArchive
- 4/5/2024 -
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Royal Caribbean Cruises Ltd (RCL) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Royal Caribbean Cruises Ltd (RCL). During the week, the RCL dropped -2.99 points, or -2.15%, and closed at 136.02 on Friday, April 5, 2024. It was the worst weekly loss since February 9, 2024. RCL was trading at average weekly trading volume.
 Long-term trend: [See RCL long-term trend chart]
A long-term uptrend had started on July 14, 2022 at 31.09 and reached 141.70 on April 4, 2024. RCL gained -110.61 points, or -355.77%, in 90 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 94.19 and resistance is at 167.28. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See RCL medium-term trend chart]
A medium-term uptrend had started on February 20, 2024 at 113.10 and reached 141.70 on April 4, 2024. RCL gained -28.60 points, or -25.29%, in 6 weeks. The price is now at the 19.86% retracement level.
 Weekly Technical Indicators: [See RCL weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Weekly Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since March 15, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.
 Short-term trend: [See RCL short-term trend chart]
A short-term downtrend had started on April 4, 2024 at 141.70 and reached 134.56 on April 5, 2024. RCL lost 7.14 points, or 5.04%, in 1 days. The price is now at the 20.45% retracement level.
 Daily Technical Indicators: [See RCL daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
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