Watch These Royal Caribbean Price Levels as Stock Sails to Record High
Key points
- In yesterday’s income report and the prospect of cruise operators, after soaring yesterday, the stock price of the Royal Caribbean soared on Wednesday.
- Earlier this month, the stock fell off from the falling wedge, re -tested the upper trend line of the model, and then gathered as a new record, which showed that the stock rising trend continued.
- The target price of Bars mode analysis is about $ 425, indicating that the continuation of the current upward trend may last until early June.
- Investors should watch the important support level on the Royal Caribbean chart at about $ 222 and $ 198.
Royal Caribbean Group’s shares (RCL) After the soaring soaring yesterday, it was a high record on Wednesday Better than expected income And the strong prospect of Cruise Line operator.
Royal Caribbean Sea (RCL) Financial performance has been promoted by rising prices and car purchase. In terms of booking, the company said that the momentum has continued until 2025. Since the previous quarter, the indicator has accelerated, which has led to the company’s five best reservations in the history of the company. The cruise operator also announced that this year will start to book a new river cruise. The river is scheduled to start 10 new ships in 2027.
The stock price rose 1.5 % on Wednesday, and the new closing price was about $ 269. The stock has risen 17 % this year, more than doubled in the past 12 months.
Below, we analyze technology In the Royal Caribbean chart, it also pointed out the important price level that investors may be paying attention to.
Wedge breakthrough
Royal Caribbean shares detach Falling wedge Earlier this month continue Rising trend of stocks.
The important thing is that the popularity after graduation on Tuesday appears at the highest daily volume Since October 2023, it is recommended to buy participation from larger market participants, such as Institutional investor And pension fund. at the same time, Relative intensity index (RSI) There were more than 70 thresholds on Tuesday to register too much reading, but it also confirmed the price momentum of watching the bullish.
Let us apply Technical analysis In order to predict how high the current movement of the stock can be determined, it can also be determined Support level Watch in potential decline.
Bar mode trend analysis
Investors can predict that the next stock rising trend may use the trend of Bars Pattern Tool. This technology can analyze the previous trends to predict the future direction movement, and assume that it is History Frequent rhyme.
When applying the tool to the Royal Caribbean chart, the price column we use includes the price column of the upward trend in August to December last year and cover them with the low point this week. This is expected to have a goal of about 425 US dollars, indicating that the continuation of the bullish bullish may last until early June.
We chose the previous trend because it was in Perforation patternCopy the current movement of the current movement.
Pay attention to important support level
period Call backInvestors should initially watch the level of $ 222, and at this location, support may be found near the upper trend line of Falling Wedge Pattern, which is consistent with multiple price points on the chart.
In the end, sales below this level may make Royal Caribbean stock re -access to lower support of about $ 198. Investors waiting for major retracement may find opportunities in the narrow area merge The scope formed on the chart in the second half of October.
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As of the writing of this article, the author does not have any of the above securities.