Based

Show

Resistance

Gains

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>RCL stock price surged 2.49% in the intraday session on Thursday and currently trades at $99.77.</a> </li> 
 <li> <span>2</span> <a>Royal Caribbean Cruises Ltd. stock price (NYSE: RCL) indicates bullishness and delivers a positive outlook.</a> </li> 
 <li> <span>3</span> <a>The daily chart shows that RCL stock price is accumulating buyers near the 50-day EMA.</a> </li> 
</ul> 
<p>Royal Caribbean Cruises Ltd. (RCL) stock illustrates a strong uptrend above the important moving averages and signals a bullish momentum. The daily chart reveals a bullish flag pattern near the recent support zone which indicates that the buyers are accumulating the stock and aiming to retest the $96 level.</p> 
<p>The chart pattern of RCL stock demonstrates that the stock has successfully defended its support zone and gathered buying volume to move higher. Furthermore, the buyers have established their dominance near the $95 demand zone, which has been confirmed by multiple tests. The price is trading in the bullish territory and might continue to rise above $105.</p> 
<p>The daily chart suggests that the price trend is in favor of the buyers. The buyers have consistently kept the price above the key moving averages. The recent days saw some pullback after the quarterly earnings.&nbsp;</p> 
<p>However, the bulls absorbed the decline near the 50-day EMA as the price stopped making new lows and showed buying in the recent intraday sessions. The breakout of the flag pattern might attract a more aggressive buying volume that could push the price to a higher level.</p> 
<p>The analysts have a 1-year price forecast for RCL stock which has a maximum estimate of $139 with a potential of 39.2% to the upside. The analysts expect a minimum drawdown of 1.17% with the lowest price at $98.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="548" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-419-1024x548.png" alt="RCL Stock Gains 112% in a Year: Can RCL Show More Gains?" class="wp-image-168147" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-419-1024x548.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-419-300x161.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-419-768x411.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-419-750x401.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-419-1140x610.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-419.png 1448w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    &nbsp;&nbsp;&nbsp;Source: barchart.com 
  </figcaption> 
 </figure> 
</div> 
<p><a href="https://www.thecoinrepublic.com/2023/09/07/rcl-stock-fell-5-more-downside-pending-in-royal-caribbean/" rel="noopener noreferrer nofollow">RCL stock</a> option-chain analysis states that the current implied volatility in the market is 33.16% with a decrement of 1.0% in the last trading session. The at-the-money strike price has 3261 open contracts on the PUT side and 2745 open contracts on the CALL side indicating the dominance of buyers at the current level.</p> 
<h2 class="wp-block-heading" id="strong-rcl-stock-price-shows-formation-of-bullish-flag-strong"><strong>RCL Stock Price Shows Formation of Bullish Flag&nbsp;</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="478" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-420-1024x478.png" alt="RCL Stock Gains 112% in a Year: Can RCL Show More Gains?" class="wp-image-168148" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-420-1024x478.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-420-300x140.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-420-768x359.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-420-1536x717.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-420-750x350.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-420-1140x532.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-420.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: Royal Caribbean Cruises Ltd. 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>The RCL stock price currently trades at $99.77 and is accumulating more buying volume near the recent swing low.&nbsp;</p> 
<p>Based on the price action, it appears that the RCL stock might gain more after it makes a breakout of the flag pattern. The stock price retested the 50-day EMA and might resume its upward trajectory.&nbsp;&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-rcl-stock-price-took-support-near-50-day-ema-strong"><strong>RCL Stock Price Took Support Near 50-Day EMA</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="478" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-421-1024x478.png" alt="" class="wp-image-168149" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-421-1024x478.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-421-300x140.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-421-768x359.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-421-1536x717.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-421-750x350.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-421-1140x532.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-421.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: Royal Caribbean Cruises Ltd. 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>The daily RCL share price chart shows the accumulation near the 50-day EMA indicating that potential buying may occur in the coming sessions.&nbsp;</p> 
<p>The overall technical opinion rating including RSI and MACD is signaling a 56% “buy” rating with an average short-term outlook on maintaining the current direction. The long-term indicators fully support the continuation of the current trend.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-conclusion-strong"><strong>Conclusion</strong></h3> 
<p><a href="https://www.thecoinrepublic.com/2023/09/07/rcl-stock-fell-5-more-downside-pending-in-royal-caribbean/" target="_blank" rel="noopener noreferrer nofollow">RCL stock</a> is in a strong uptrend and shows a bullish flag pattern near the support zone of $95. The price might break out of the flag and rise above $105. The buyers have kept the price above the key moving averages and absorbed the pullback after the earnings.&nbsp;</p> 
<p>The analysts have a positive outlook for RCL stock with a maximum estimate of $139 in a year. The implied volatility is low and the at-the-money strike price has more open contracts on the PUT side indicating the dominance of buyers at the current level.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support levels:</strong> $96.12 and $89.31</li> 
 <li><strong>Resistance levels:</strong> $105.15 and $112.30</li> 
</ul> 
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

RCL Stock Gains 112% in a Year: Can RCL Show More Gains?

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