Royal Caribbean Cruises Ltd

RCL is entrenched in a Stage 4 decline following a decisive support failure and sustained lower highs/lows, reinforcing a medium-term bearish outlook. Price is extended below the 9, 20, and 50 EMAs with no clear near-term exhaustion, so immediate selling risks being caught by an oversold relief bounce. Execution favors trimming into rallies toward the broken support zone and moving averages around the mid-$260s to mid-$270s. Key risks include sudden mean-reversion bounces off extreme oversold levels and false breakdown reversals at the EMAs.

• ↑Q2 2026 revenue rose 6% YoY to $3.2B; adjusted EPS $4.21 beat by 8%.
• ↑FY26 EPS guidance of $17.73–17.87 implies ~14% growth, reflecting solid demand.
• ↓Middle East conflict trimmed Mediterranean bookings, creating near-term revenue headwind.