{"id":51698,"date":"2022-12-19T11:32:40","date_gmt":"2022-12-19T16:32:40","guid":{"rendered":"https:\/\/www.tradestation.io\/insights\/?p=51698"},"modified":"2023-01-06T14:09:16","modified_gmt":"2023-01-06T19:09:16","slug":"chart-of-the-day-royal-caribbean-may-be-cruising-lower","status":"publish","type":"post","link":"https:\/\/www.tradestation.com\/insights\/2022\/12\/19\/chart-of-the-day-royal-caribbean-may-be-cruising-lower\/","title":{"rendered":"Chart of the Day: Royal Caribbean May Be Cruising Lower"},"content":{"rendered":"\n<p>Royal Caribbean Cruises drifted higher since the summer, but now it may be rolling over.<\/p>\n\n\n\n<p>The first pattern on today\u2019s chart is the level around $61.45, where the leisure stock bottomed in March before proceeding to new lows. RCL peaked around that price on November 15 and December 1. (Both were also monthly highs.) That may suggest old support has become new resistance.<\/p>\n\n\n\n<p>Second, the stock &#8230; <\/p>\n\n\n\n<p><em>For more, please&nbsp;<a href=\"https:\/\/www.tradingview.com\/chart\/RCL\/h8UCbhm0-Royal-Caribbean-May-Be-Cruising-Lower\/\" target=\"_blank\" rel=\"noreferrer noopener\">click&nbsp;here<\/a>&nbsp;to view the related idea and chart analysis on&nbsp;<a href=\"https:\/\/www.tradestation.com\/promo\/tradingview\">TradingView<\/a>.<\/em><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/0QYK94di\/\" alt=\"\"\/><figcaption>Royal Caribbean (RCL), <em>daily&nbsp;chart&nbsp;with selected patterns and indicators, courtesy of TradingView<\/em>.<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Royal Caribbean Cruises drifted higher since the summer, but now it may be rolling over. The first pattern on today\u2019s chart is the level around $61.45, where the leisure stock bottomed in March before proceeding to new lows. RCL peaked around that price on November 15 and December 1. (Both were also monthly highs.) That [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":39272,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[28,1057,13,38],"tags":[278],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.9.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Chart of the Day: Royal Caribbean May Be Cruising Lower | Market Insights<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.tradestation.com\/insights\/2022\/12\/19\/chart-of-the-day-royal-caribbean-may-be-cruising-lower\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chart of the Day: Royal Caribbean May Be Cruising Lower | Market Insights\" \/>\n<meta property=\"og:description\" content=\"Royal Caribbean Cruises drifted higher since the summer, but now it may be rolling over. The first pattern on today\u2019s chart is the level around $61.45, where the leisure stock bottomed in March before proceeding to new lows. RCL peaked around that price on November 15 and December 1. (Both were also monthly highs.) That [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.tradestation.com\/insights\/2022\/12\/19\/chart-of-the-day-royal-caribbean-may-be-cruising-lower\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Insights\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeStation\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-19T16:32:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-06T19:09:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uploads.tradestation.com\/uploads\/sites\/2\/cruise_ship_AdobeStock_43455538-e1671467529347.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"David Russell\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeStation\" \/>\n<meta name=\"twitter:site\" content=\"@TradeStation\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"David Russell\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/2022\/12\/19\/chart-of-the-day-royal-caribbean-may-be-cruising-lower\/\",\"url\":\"https:\/\/www.tradestation.com\/insights\/2022\/12\/19\/chart-of-the-day-royal-caribbean-may-be-cruising-lower\/\",\"name\":\"Chart of the Day: Royal Caribbean May Be Cruising Lower | Market Insights\",\"isPartOf\":{\"@id\":\"https:\/\/www.tradestation.com\/insights\/#website\"},\"datePublished\":\"2022-12-19T16:32:40+00:00\",\"dateModified\":\"2023-01-06T19:09:16+00:00\",\"author\":{\"@id\":\"https:\/\/www.tradestation.com\/insights\/#\/schema\/person\/d2279ba57f90e3b47887f2503ce142d4\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.tradestation.com\/insights\/2022\/12\/19\/chart-of-the-day-royal-caribbean-may-be-cruising-lower\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.tradestation.com\/insights\/2022\/12\/19\/chart-of-the-day-royal-caribbean-may-be-cruising-lower\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/2022\/12\/19\/chart-of-the-day-royal-caribbean-may-be-cruising-lower\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.tradestation.com\/insights\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Chart of the Day: Royal Caribbean May Be Cruising Lower\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/#website\",\"url\":\"https:\/\/www.tradestation.com\/insights\/\",\"name\":\"Market Insights\",\"description\":\"Fresh market commentary and actionable trade ideas.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.tradestation.com\/insights\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/#\/schema\/person\/d2279ba57f90e3b47887f2503ce142d4\",\"name\":\"David Russell\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/443bdca82f0006231c5179581e4310ed?s=96&d=mm&r=pg\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/443bdca82f0006231c5179581e4310ed?s=96&d=mm&r=pg\",\"caption\":\"David Russell\"},\"description\":\"David Russell is VP of Market Intelligence at TradeStation Group. Drawing on two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them apprised of sector leadership, relative strength and the big stories \u2013 especially those overlooked by other commentators. He\u2019s also a big fan of generating leverage with options to limit capital at risk.\",\"url\":\"https:\/\/www.tradestation.com\/insights\/author\/drussell\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Chart of the Day: Royal Caribbean May Be Cruising Lower | Market Insights","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.tradestation.com\/insights\/2022\/12\/19\/chart-of-the-day-royal-caribbean-may-be-cruising-lower\/","og_locale":"en_US","og_type":"article","og_title":"Chart of the Day: Royal Caribbean May Be Cruising Lower | Market Insights","og_description":"Royal Caribbean Cruises drifted higher since the summer, but now it may be rolling over. The first pattern on today\u2019s chart is the level around $61.45, where the leisure stock bottomed in March before proceeding to new lows. 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