Royal Caribbean: sell signal under review
Royal Caribbean drops 4.3% as its sell signal lines up four lower highs
Our view last week
Royal Caribbean stock gives up 4.3% in a week where the push above the 334 area is rejected for the second time in a row. Buyers lose ground, volumes contract, and sellers run the last candle. The buy signal that had run for 9 weeks now gives way to a fresh sell signal. The picture stays mixed, though: the stock still sits above the 50-week moving average and inside the Ichimoku cloud, while the decline keeps making lower lows with pace holding.
This week's summary
Royal Caribbean lines up four lower highs on the daily chart, from the 334 area down to the 299 area, while daily money flow stays firmly negative and the last session saw all of its volume on the sell side. The sell signal is in its second week and confirmation is still open; signal strength, at 78 out of 100, reads a downtrend making lower lows with pace holding, no sign of exhaustion. Trading is rated not recommended for anyone looking at Royal Caribbean stock now.
IQS Phase
74
in tension
Signal Strength
78
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#5 / 96
US stocks sell signals
Trade P&L %
+4.31%
from signal to date, no stop loss
Rank position
ranks 5th among the 96 sell signals for US stocks in our ranking, with a signal strength of 78 out of 100.
Sector context
SectorConsumer Discretionary
Benchmark ETFXLY
Sector regimein positive regime
Performanceweekly -0.69% · monthly +5.02%
RCL belongs to the consumer discretionary sector (reference ETF XLY). The sector is classified in positive regime according to our weekly reading.
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