$RCL jumps 18.65% to 345.98 and sets up a 366 test
$Royal Caribbean Cruises(RCL)$
Royal Caribbean Cruises (RCL) Soared +18.65%: Record Highs on Strong Earnings, Eyes $366 Breakout
Latest Close Data:
RCL closed at $345.98 on 2026-01-29, surging +18.65% (+$54.38). It is now just $20.52 (5.6%) away from its 52-week high of $366.50.
Core Market Drivers:
The stock's massive rally was fueled by a blowout earnings report, significantly exceeding analyst expectations. The company reported record bookings and strong forward guidance, signaling robust post-pandemic travel demand recovery. High short interest likely contributed to the squeeze, with short volume ratio at 25.30% as of 01-28.
Technical Analysis:
The breakout is confirmed by strong volume (2.94x average volume ratio) and powerful technical signals. The MACD (6.13, 2.56, 7.14) shows a strong bullish crossover with the histogram turning sharply positive. The RSI (6-day: 88.0, 12-day: 76.8) is in overbought territory, indicating extreme bullish momentum in the near term.
Key Price Levels:
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Primary Support: $314.04 (Today's low).
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Strong Resistance: $366.50 (52-week high).
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Immediate Pivot: $345.98 (Today's close, now acts as a new base).
Valuation Perspective:
The stock trades at a Forward P/E of 16.51, which is in line with its historical average of 16.53. The TTM P/E is 23.30, reflecting its high-growth phase.
Analyst Targets:
Analysts remain bullish with an average price target of $328.93. Sentiment is positive with 7 Strong Buy, 15 Buy, and 6 Hold ratings from 28 analysts.
Weekly Outlook:
Expect volatility and potential consolidation after the huge move. The immediate trend is strongly bullish. A successful break above the $366.50 resistance could target the $380-$400 range. A pullback should find initial support near $330.
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