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Uptrend ExhaustionArchive
- 12/13/2024 -
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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 -12.89 points, or -4.99%, and closed at 245.20 on Friday, December 13, 2024. It was the worst weekly loss since August 2, 2024. Weekly volume was -9% below average.
RCL is a member of Consumer Discretionary Sector. Consumer Discretionary is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See RCL long-term trend chart]
A long-term uptrend had started on July 14, 2022 at 31.09 and reached 258.70 on December 9, 2024. RCL gained -227.61 points, or -732.10%, in 125 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (140.72) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line 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 258.70 on December 9, 2024. RCL gained -180.35 points, or -230.19%, in 58 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (172.62) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See RCL weekly technical indicators chart]
Weekly Relative Strength Index and Williams' Percentage Range are overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Williams' Percentage Range or strongly overbought weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since September 20, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.
 Short-term trend: [See RCL short-term trend chart]
A short-term uptrend had started on August 5, 2024 at 130.08 and reached 258.70 on December 9, 2024. RCL gained -128.62 points, or -98.88%, in 126 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 219.91 and resistance is at 261.78. 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 short-term trend.
 Daily Technical Indicators: [See RCL daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). 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.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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