Royal Caribbean squeezed tight, earnings just ahead
Royal Caribbean gains 0.6%, boxed between its moving averages ahead of earnings
Royal Caribbean squeezed tight, earnings just ahead
Our view last week
Royal Caribbean slips 3.7% this week, but the double bottom in the 269 area holds and signal strength stays put at 70 out of 100. The weekly ADX stays very low and the MACD is deteriorating, while sellers remain slightly ahead on the daily chart. This swing trading setup now has earnings two weeks out.
This week's summary
Royal Caribbean shares closed the week up a modest 0.6%, but the price stays squeezed between two very close moving averages: overhead, the 100-day average, in the 287 area; underneath, the 200-day average, in the 285 area. On the daily chart sellers dominate the tape and money flow stays negative, with earnings due this very week: an open buy signal worth watching closely.
IQS Phase
53
ordinary
Signal Strength
70
high · wide & volatile
Sizing
FULL
Ranking
#37 / 112
US stocks in progress
Trade P&L %
-2.52%
from signal to today
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