- 1RCL stock price dropped by 5.58% this month indicating a correction phase in stock.
- 2Royal Caribbean Cruises Ltd. (RCL: NYSE) took support on the 50 EMA.
RCL stock is presently witnessing weak bearish momentum on the daily technical charts. On the daily chart, the share price was shorted strongly. Royal Caribbean is currently trading near $98.86, with a drop of 0.10% intraday.
The upside trend of Royal Caribbean may halt near the value of $113.24. Meanwhile, the support of the share price is near $113.24. RCL price is currently taking support on the 50 EMA. If the price surges beyond the 50-day EMA, then a strong upside trend can be seen in the future.
RCL price prediction indicates that the Royal Caribbean stock is presently trading within the firm grasp of the bears. The technical indicators favor the bears projecting a pessimistic perspective for the buyers. RSI and stochastic RSI …