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Uptrend ExhaustionArchive
- 4/19/2024 -
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Royal Caribbean Cruises Ltd (RCL) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week for the Royal Caribbean Cruises Ltd (RCL). During the week, the RCL gained 1.54 points, or 1.21%, and closed at 129.21 on Friday, April 19, 2024. Weekly volume was -11% below average.
 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 95.65 and resistance is at 170.43. 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 October 26, 2023 at 78.35 and reached 141.70 on April 4, 2024. RCL gained -63.35 points, or -80.86%, in 23 weeks. The price is now at the 19.72% retracement level.
 Weekly Technical Indicators: [See RCL weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 link to access Lane's Stochastic help.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 125.06 on April 16, 2024. RCL lost 16.64 points, or 11.74%, in 12 days. The chart has formed a Falling Channel chart pattern.
 Daily Technical Indicators: [See RCL daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Use the following link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since April 3, 2024. This is an indication that the short-term trend is down.
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