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Royal Caribbean Cruises Ltd (RCL) “On a long-term technical basis, the stock (RCL) is trading below its 200-day moving average which generally implies it is in a negative trend.
The stock has support at 62.76 and 49.87. If the stock breaks down through support at 62.76 then it will probably continue lower to 49.87. The stock has resistance at 90.20 and at 109.52. If the stock breaks up through resistance at 90.20 then it will probably continue higher to 109.52. The 200-day moving average is at 90.20. This will also act as resistance. However, the stock has broken out of its long-term downtrend according to the fibonacci fan, which is significant. If the stock can form new support above 62.76 look for a rally to previous highs. The stock is extremely overbought according to the Stochastic Indicator (90.38).”
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