Royal Caribbean Group: 20% rebound, but the decline stays contested

Royal Caribbean Group is at week 13 of a sell signal. The latest week closed down 1.6% with sellers at 80%, but the last 4 weeks show a picture in transition: the MACD histogram has compressed sharply, momentum has recovered from its lows, and a double bottom in the 246 area is forming on the daily chart. The band signals trading not recommended — the stock remains over 38% above its 200-week moving average.