Buy Royal Caribbean CruisesShort Term Trading Advice by Naranj Capital
Buy Royal Caribbean Cruises
● Buy Range- 228 - 233
● Target- 245 - 248
● StopLoss- 222
● Potential Return- 5-6%
● Duration- 12-14 Trading Days
0I1W trade ideas
$RCl - new all time highs incomingRCL - stock in uptrend as holiday season approaches. Stock making higher low on daily time frame and looking bullish for a move towards all time high. looking for calls above $235 for a move towards $240 and higher. Stock is strong on indicators.
ROYAL CARRIBEAN CRUISES RCL (NYSE) Long D11st Buy Limit @ 163.48
2nd Buy Limit @ 160.67
S/L @ 149.27 (same for both entry)
T/P1 @ 196.64
T/P2 @ -------
R.R.R. @ 1/2
Pure Price Action Trading based on Pullback, Breakout of Key Level.
Royal Caribbean - RCLRoyal Caribbean witnessed a rebound after forming a higher low at 167.86$, violating the major peak 173.37$ in Friday's session, and the confirmation of this breakout by remaining trading above 173.37$, will confirm the major uptrend in short and medium-term, triggering further rises near 179$ - 185$ - 189$ - 200$.
support1: 173.37$ - support2: 169.47$ - resistance1: 179$ - resistance 2: 185$
The stop-loss lies below 167.86$.
the indicators are heading toward the positive side, which confirms the mentioned positive scenario.
The information and publications are not intended to be or constitute any financial, investment, commercial, or other types of advice or recommendations provided.
RCL Crossover Swing IdeaNYSE:RCL
Buying at market open
Looking at the Sept 27 bull put spread of
-170p / + 165p for ~2.47 credit with a max loss of ~2.53
SL: 158.98
TP: 173.35
Max Date: Market open 9/25/24
RCL - crusing up the channel?CAPITALCOM:RCL has been on a steady upwards move on the daily since October of last year, keeping within a pretty narrow channel. No huge deviations up or down, just easing up. During the market turmoil recently, we saw a fake break of channel to the downside, which was quickly corrected back into the safety of the channel. Price is also respecting the 50 EMA, with some recent deviations due to the recent market reactions. MACD is turning up as a result and is on its way to green territory. RSI has crossed the signal line, these are the two indicators I most often follow. On the fundamentals the company slightly beat expectations on its latest release. JP Morgan said recently that cruises are now 20% cheaper than land-based alternatives (vs. 10-15% cheaper in 2019), and they predict a shift in favor of cruising. And, they just this week labeled CAPITALCOM:RCL "best in class" among cruise lines. In terms of analyst ratings (I usually focus on technicals), according to Stockanalysis.com 16 of 18 analysts has a Buy or Strong Buy recommendation on the stock (Strong Buy: 10, Buy: 6, Hold: 2). Expect CAPITALCOM:RCL to move up towards the channel roof, setting target 1 around $173 as this is ATH. Seeing as there is no resistance above this, if it breaks it might move even higher.
RCL Royal Caribbean Cruises Options Ahead of EarningsIf you haven`t bought RCL before the previous earnings:
Now analyzing the options chain and the chart patterns of RCL Royal Caribbean Cruises prior to the earnings report this week,
I would consider purchasing the 165usd strike price Calls with
an expiration date of 2024-10-18,
for a premium of approximately $13.95.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Royal Caribbean ramps up hiring amid record cruise demandRoyal Caribbean Group (RCL) is significantly expanding its workforce in response to unprecedented demand for cruises. The cruise operator is currently discussing with various countries to recruit thousands of new employees for its ships and private destinations. This year, the company aims to hire approximately 10,000 workers, with plans for an additional 10,000 next year to support the launch of three new ships.
Despite a 6% reduction in maritime staff in 2023, Royal Caribbean's onshore headcount has increased by 17%, highlighting a clear need for more personnel. This staffing strategy coincides with a surge in bookings, which reached record levels in Q1, contributing to a notable rise in revenue and share price.
Exploring potential trading opportunities, here is a technical analysis of Royal Caribbean Group (NYSE: RCL):
On the Daily (D1) timeframe, the stock shows a resistance level at 143.60 USD and support at 127.10 USD. The stock has been in a global uptrend since July 2022, suggesting room for further growth. If the trend changes, the downside target could be around 116.50 USD.
If the price breaks through the resistance at 143.60 USD, a short-term target could be 150.00 USD. From a medium-term perspective, it could reach 162.00 USD.
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Royal Caribbean Cruises Ltd. Short PositionHi traders,
Turning our attention to Royal Caribbean Group (RCL), we can see that it has formed a rising wedge pattern over the past few weeks, indicating a potential bearish reversal. Despite recent challenges, Royal Caribbean Group remains a dominant player in the cruise industry with strong brand recognition and a loyal customer base.
However, it's essential to note that Royal Caribbean Group faces significant headwinds, including ongoing concerns about the recovery of the travel and tourism industry.
Additionally, the company's financial position may be challenged by its substantial debt burden, which stands at nearly $20 billion.
Furthermore, technical analysis reveals that Royal Caribbean's price has formed higher highs and higher lows, converging towards a point of potential breakdown. There is also a bearish divergence observed in indicators like the Relative Strength Index (RSI), indicating weakening
momentum despite the upward price movement. This divergence suggests that a reversal in the stock's trend is likely.
As the breakdown of the rising wedge pattern becomes imminent, preparing for a potential short position at this stage appears reasonable. The entry point could be initiated upon confirmation of a break below the lower trendline.
1st Take Profit: 112.74
2nd Take Profit: 102.9
Final Target: 79.95
⚓🚢 Royal Caribbean Cruises (RCL) Analysis 📈🌊Post-Pandemic Rebound:
RCL poised to benefit from the strong rebound in the cruise industry post-pandemic, with passenger numbers surpassing pre-pandemic levels. Growing popularity among younger demographics and new passengers indicates expanding market appeal.
Strong Demand:
RCL has booked a significant portion of its 2024 occupancy, despite strong pricing, highlighting robust demand for its offerings. Plans to increase capacity by 5% further affirm its market strength.
Investment Outlook:
Bullish outlook on NYSE:RCL above $121.00-$122.00.
Upside target of $180.00-$182.00 reflects potential growth and value appreciation as RCL capitalizes on the resurgence in cruise travel.
🛳️📊 Stay tuned for RCL's voyage ahead! #RoyalCaribbean #InvestmentAnalysis 🚀🌐
RCL may set up a fall from a rising wedge SHORTRCL took a bit of time to recover from COVID but has now done well. The dialy chart reflects
this. Last year price rose in the winder and spring then fell when the summer ended and
reversed upside in November. Ir is now in a rising wedge and price is at the upper trendline.
It is confluent with the second upper VWAP band line suggesting not much room upside as
that line is providing dynamic resistance. The predictive algorithm from Lux Algo designed
to forward forecast from a lookback of the regression line to the left predicts a fall from
the ascending resistance trendline and the underside of that VWAP line. I will short
RCL here and entertain a hedged options trade to insure the short trade. I have shown a
peer stock NCLH from the cruise industry. It has not done as well as RCL. If RCL starts
falling significantly some traders may move their capital to NCLH and help it rise. I will put
NCLH on my watch list along with UAL, AAL, LUV, DAL and LUV as the summer travel
season will be underway in another sixty days and trader interest may rise with accumulation
and price action to follow.
Short term pain ahead?As I observe the day to day activity on RCL, I see the possibility of price dropping towards the low 100s between 113ish. The weekly timeframe overall up until now has been on a steady climb to the upside. So a strong dip into a fair value which would encourage investors to look for entry at a lower valuation when it comes.
Looking at the daily timeframe I've noticed a possible head and shoulders pattern appear which can signal some bearishness in this case it should be short term as the overall uptrend was quite valid up until news release of debt offering which can be good news for the longer term.
I see some upside in case this were to deep in the lower 100s in the days or weeks to come.
Royal Caribbean May Be Attempting a BreakoutRoyal Caribbean Cruises has spent more than two months consolidating, but it may be getting ready to move again.
The first pattern on today’s chart is the trendline along the closes of December 28 and January 31. RCL ended yesterday above it, which could make some traders think the stock is breaking out.
Prices are also pushing above their 50-day simple moving average (SMA). That could suggest the intermediate-term trend is getting more bullish.
Next, the 8-day exponential moving average (EMA) crossed above the 21-day EMA. That could suggest the short-term trend is getting more bullish. MACD has also turned positive.
Finally, you have the $112.95 level where RCL peaked in July. Last moth’s low was $0.15 above that price. Has old resistance become new support?
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Review: Did You Make a Clear Plan? Did You Follow That Plan?We can break up the review section of the trading into several distinct sections.
1. Review for discipline and personal insight
2. Review for performance (statistics)
3. Review for market insight
4. Review for method development
I'm going to do the first section "Review For Discipline". We can keep this simple and ask 2 questions.
1. Did you make a clear and objective plan?
2. Did you then do what you said you were going to do in the plan?
These questions demand honest, yes-or-no answers. They force you to confront your trading discipline head-on, without room for excuses or escape. If the answer is no that's ok, just start over with the commitment to keep at it and don't spend too much time on regrets. You might need to make your plan more clear or simply learn the discipline to stay with it. Keep in mind that this isn't about whether you won or lost, it is about learning consistency and discipline.
Shane
Ascending megaphone shape for RCLSince the trendline slopes upward, do not short, it could be very risky.
If it reaches bottom trendline again and price bounces off the bottom trendline, it could be a good entry point (at around $100) for a short term target of the resistance line (around $132).
RCL Royal Caribbean Cruises Options Ahead of EarningsAnalyzing the options chain and the chart patterns of RCL Royal Caribbean Cruises prior to the earnings report this week,
I would consider purchasing the 130usd strike price Calls with
an expiration date of 2024-3-15,
for a premium of approximately $6.25.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Messi and Team Trade Cryptocurrency for Cruise SponsorshipInter Miami's Surprising Shift:
Major League Soccer's Inter Miami, led by the iconic Lionel Messi, has opted to replace cryptocurrency investment firm XBTO Group with global cruise operator Royal Caribbean International ( NYSE:RCL ) as its main sponsor. The strategic decision, announced at a grand unveiling event, marks a departure from the crypto industry, signaling a new era for the football club as it embraces a multiyear partnership with one of the world's largest cruise line operators.
The unexpected sponsorship switch comes on the heels of Inter Miami's groundbreaking multi-year deal with XBTO Group in September 2021, touted as one of the largest in American Football League history. At the time, the partnership was celebrated as a significant milestone in mainstream crypto acceptance, positioning Miami as a potential crypto hub.
However, the latest move raises questions about the club's commitment to the cryptocurrency space. The shift from crypto to the cruise industry with Royal Caribbean International ( NYSE:RCL ) hints at a broader trend in Miami, where sports teams seem to be distancing themselves from the crypto sector. This move follows the NBA's Miami Heat, whose home arena changed from the FTX Arena to the Kaseya Center after the collapse of crypto exchange FTX in November 2022.
The timing of Inter Miami's decision is noteworthy as it aligns with the imminent start of the MLS campaign, set to kick off next month. The club seems keen on harnessing the global appeal of Lionel Messi, an eight-time Ballon d'Or winner, as it seeks to capitalize on the soccer superstar's popularity in this strategic partnership with Royal Caribbean International ( NYSE:RCL ).
Royal Caribbean ( NYSE:RCL ), a Florida-based cruise giant, expressed enthusiasm about the collaboration. Jason Liberty, President and CEO of Royal Caribbean Group ( NYSE:RCL ), conveyed excitement about combining forces and outlined expectations for the partnership's impact on the industries, global fans, and local communities in South Florida.
Messi's involvement with Royal Caribbean ( NYSE:RCL ) goes beyond the football pitch, as he recently played a role in launching the colossal "Icon of the Seas" ship. The partnership extends beyond jersey branding, with Messi actively contributing to Royal Caribbean's ventures, including a collaboration with Hard Rock International on a distinctive "Milanese style" chicken sandwich.
The decision to pivot towards a cruise operator aligns with the broader recovery of the cruise industry from the impact of the Covid-19 pandemic. U.S. cruise operators and travel agents anticipate a banner year for cruise vacations in 2024, signaling optimism and resilience after facing challenges during the global health crisis.
$RCL, so long and thanks for all the fish!I've been a holder of NYSE:RCL since 2021 and I'm happy with the stock. Still, today I sold my shares. Here's why:
First on the technicals: The stock ran 50% since its late October bottom without even a two-day correction. So, it's due for some of that. Also, @LonesomeTheBlue's terrific Trend Lines Pro tool identifies 2 competing rising trading channels on a 2-hour bar chart. It appears as if price were getting squeezed into a bearish wedge pattern, as traders attempt to keep the stock inside both of these channels. When wedges break they can give rise to explosive price moves, and given the overbought nature of the stock, I think it's more likely that the wedge will resolve to the downside.
Secondly, a similar, but mirrored effect is becoming visible on the Money Flow Index (MFI). Money Flow Index is basically a volume-adjusted RSI. Divergences between price and MFI have the same interpretation as those between price and RSI. So, the picture is not good: While price has reached a new YTD high, and is within striking distance of an ATH, MFI is breaking down to a new 6-week low.
On the fundamentals, While the price of the stock is still 10% below the ATH made at the end of 2019, market cap already exceeds that of 2019-12-31 by 10%, and enterprise value (EV) is ahead of that previous record by more than 25%. This is because Royal Caribbean was forced to issue a lot of shares and a lot of debt to bridge the cash flow drought during the COVID shutdown. The problem with this is that such EV demands an equally high EBITDA in order to arrive at a reasonable multiple.
The present multiple of EV to NTM EBITDA is 10.1x. That's roughly in line with the long-term average. However, embedded in this calculation is an expected NTM EBITDA of $5.1B, which is 40% more than TTM. Is that achievable? Well, tt would be a new record, but sure: As long as fuel prices stay low, the cruise industry doesn't get into another fight with Florida's hot-tempered governor, and there's no recession, no pandemic, and no hurricanes getting in the way of cruise ships.
I guess all I'm saying is that I see better risk/reward elsewhere. So, good-bye and good luck to all shareholders aboard $RCL.
Royal Caribbean Cruises $RCL Trade IdeaEntered the NYSE:RCL trade yesterday as the price closed above the resistance zone. We also had a re-test the same day.
Today the price is up and my trade is profitable. In the short term, the oscillators are overbought which suggests that we could have a pullback soon as the price enters the choppy demand and supply zones from the past.
My medium term price target for NYSE:RCL is about the $130 price level should the trend continue.
The short and medium term MAs are sloping up indicating that the short/medium trend is in a bullish momentum.
We broke out of the resistance on dailies might be a good entry or can wait for a retest of the old diagonal resistance now support around the $100 price point. Not sure if the price will get there however.
If this was helpful, follow me for more trade ideas.
Thank you,
BK
Why Royal Caribbean (NYSE: RCL) May be Well Position for a SurgeRoyal Caribbean (RCL) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving.
Current-Quarter Estimate Revisions
The company is expected to earn $1.10 per share for the current quarter, which represents a year-over-year change of +198.21%.
Current-Year Estimate Revisions
For the full year, the earnings estimate of $6.52 per share represents a change of +186.93% from the year-ago number.
The revisions trend for the current year also appears quite promising for Royal Caribbean, with seven estimates moving higher over the past month compared to no negative revisions.
Investors have been betting on Royal Caribbean because of its solid estimate revisions, as evident from the stock's 7% gain over the past four weeks. As its earnings growth prospects might push the stock higher, you may consider adding it to your portfolio right away.
Price Momentum
RCL is trading near the top of its 52-week range and above its 200-day simple moving average.
What does this mean?
Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
ABC/DSHORT interest is over 8%.
The target is D.
Possible stop below C.
This pattern forms over and over in the market and is a measured move down. Price hits C and goes back up. When D is reached, the target, this pattern often reverses.
The Auto-fib indicator on TV can help one spot this pattern. C will be at the 0 level of the fib table using this indicator. If price goes too much below C, the pattern is not valid.
No recommendation
$RCL Fibonacci Support .618NYSE:RCL Fibonacci Support .618 The Royal Caribbean Cruises Ltd. ( NYSE:RCL ) stock appears to be interacting with a significant level of Fibonacci support at the .618 retracement. This level is often considered a crucial juncture in technical analysis, serving as a potential turning point where the asset could find support and rebound. Originating from the Fibonacci sequence, the .618 level is commonly referred to as the "Golden Ratio," and it's widely employed by traders to predict potential areas of support or resistance.
