Royal Caribbean Group is a cruise company, which engages in the ownership and operation of the following global cruise brands: Royal Caribbean International, Celebrity Cruises, and Silversea Cruises. The firm also holds interest in TUI Cruises GmbH, which operates the German brands TUI Cruises and Hapag-Lloyd Cruises. The company was founded by Arne Wilhelmsen in 1968 and is headquartered in Miami, FL.
Will RCL Stock Surpass Barrier of $100?
RCL stock price has exited the falling channel and has surpassed the 100 day EMA. The chart shows the buying interest post the Q3, 2023 earning results.
RCL stock price has surpassed the significant moving averages and witnessed the buying interest. Moreover, it broke out of the channel and picked up pace in the last few sessions.
RCL Stock Price Prediction 2023
On the daily charts, RCL stock price surpassed the significant moving averages and has exited the falling channel.
At press time, RCL stock price is trading at $92.36 with an intraday gain of 4.57% showing neutrality on the charts. Moreover, the trading volume increased by 0.45% to 3.880 Million while the market cap is $23.666 Billion. However, analysts have maintained a buy rating with a target price of $119.94 suggesting a growth outlook.
The RSI curve stayed above the midline line and showed a bullish divergence. The MACD indicator showed a bullish crossover suggesting a positive outlook.
Per the ongoing trend, RCL stock has the potential to reach the maximum of $120 followed by $130. Conversely, if the stock re-enters the channel, it will retest the base of $75 by 2023.
RCL Stock Price Prediction 2024
On the monthly chart, RCL stock has made a double bottom pattern and broke out. Furthermore, the stock is taking support on the 50 day EMA and is trying to reach the round mark of $100.
As per the ongoing trend, RCL stock has a potential to reach the maximum of $120 followed by $140.
Conversely, if bears come into the action, RCL stock will retest the downside of $60.
RCL Stock Price Prediction 2025
On the 6 months chart, RCL stock price is showing a bounce from the support zone of $75 and is gaining momentum. Furthermore, the stock is trading near the neutral trajectory and is showing buyers’ accumulation on the charts.
Per the ongoing trend, RCL stock is showing range bound moves, besides $125, the stock could go as high as $160. Conversely, if stock loses gains, RCL stock will slip to the lows to $50 in the next few years.
Summary
RCL stock price is trading above the significant moving averages and has broken out in the past trading sessions. Furthermore, the price action has witnessed buying interest and showed a golden crossover on the charts. The stock is heading to the round mark of $100 suggesting a positive outlook.
Technical Levels
Support Levels: $90 and $75
Resistance Levels: $100 and $110
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.
Source: https://www.thecoinrepublic.com/2023/11/04/rcl-stock-price-prediction-2023-25-is-rcl-a-good-pick/