Buy signal gives way to a sell signal
Royal Caribbean drops 4.3% as the buy signal flips into a sell signal
Our view last week
Royal Caribbean stock drops 4.7% this week, and 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 weekly candle. The weekly technical analysis shows a buy signal now in its 9th week, with the trade's gain down from 8.7% to 3.6% since entry.
This week's summary
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.
IQS Phase
48
ordinary
Signal Strength
60
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#14 / 93
New us stocks
Trade P&L %
+0.00%
from signal to date, no stop loss
Rank position
ranks 14th among the 93 sell signals for US stocks in our ranking, with a signal strength of 60 out of 100.
Sector context
SectorConsumer Discretionary
Benchmark ETFXLY
Sector regimein strong phase
Performanceweekly -0.15% · monthly +3.51%
RCL belongs to the consumer discretionary sector (reference ETF XLY). The sector is classified in strong phase according to our weekly reading.
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