Earnings behind it, buyers back in control
Royal Caribbean climbs 2.3%: the double bottom clears the way toward recent highs
Earnings behind it, buyers back in control
Our view last week
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.
This week's summary
Royal Caribbean stock climbs 2.3% in the week just closed and moves past earnings without a hitch. The price breaks free from the squeeze between the 100- and 200-day averages and now eyes the 7-day high, in the 300 area: a move above that level would open the door to a fresh leg higher. The double bottom in the 272 area has already produced a 25% rebound, and sellers, dominant in recent sessions, are losing ground.
IQS Phase
59
ordinary
Signal Strength
70
high · wide & volatile
Sizing
FULL
Ranking
#35 / 124
US stocks in progress
Trade P&L %
-0.29%
from signal to today
Rank position
ranks 35th among the 124 Longs already running for US stocks in our ranking, with a signal strength of 70 out of 100.
Sector context
SectorConsumer Discretionary
Benchmark ETFXLY
Sector regimeweak phase
Performanceweekly -5.22% · monthly -4.92%
RCL belongs to the consumer discretionary sector (reference ETF XLY). The sector is classified weak phase according to our weekly reading.
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