Is NYSE:RCL suited for high growth investing?

Our stock screener has spotted ROYAL CARIBBEAN CRUISES LTD (NYSE:RCL) as a possible breakout candidate. A technical breakout setup pattern occurs when the stock is consolidating after a nice uptrend. Whether the actual breakout occurs remains to be seen of course, but it may be interesting to keep an eye on NYSE:RCL.

Analyzing the Technical Aspects

Every day ChartMill assigns a Technical Rating to every stock. The score ranges from 0 to 10 and is determined by evaluating multiple technical indicators and properties.

Taking everything into account, RCL scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, RCL has proven to be a steady performer, scoring decent points in every aspect analyzed.

• The long and short term trends are both positive. This is looking good!
• When comparing the yearly performance of all stocks, we notice that RCL is one of the better performing stocks in the market, outperforming 95% of all stocks. We also observe that the gains produced by RCL over the past year are nicely spread over this period.
• RCL is one of the better performing stocks in the Hotels, Restaurants & Leisure industry, it outperforms 94% of 134 stocks in the same industry.
• RCL is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so RCL is leading the market.
• RCL is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
• Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

For an up to date full technical analysis you can check the technical report of RCL

How do we evaluate the setup for NYSE:RCL?

Besides the Technical Rating, ChartMill assigns a Setup Rating to every stock to determine the degree of consolidation. This rating, ranging from 0 to 10, is updated daily and evaluates various short-term technical indicators. NYSE:RCL currently holds a 8 as its setup rating, suggesting a particular level of consolidation in the stock.

Besides having an excellent technical rating, RCL also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 204.38, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.

Why NYSE:RCL may be interesting for high growth investors.

• The recent financial report of ROYAL CARIBBEAN CRUISES LTD demonstrates a 35.06% increase in quarterly earnings compared to the previous quarter. This growth indicates positive momentum in the company's financials and suggests a promising upward trend
• ROYAL CARIBBEAN CRUISES LTD has demonstrated strong 1-year revenue growth of 21.89%, reflecting revenue momentum and its ability to generate consistent top-line expansion. This growth underscores the company's strong market position and its potential for future success.
• The recent financial report of ROYAL CARIBBEAN CRUISES LTD demonstrates a 35.06% increase in quarterly earnings compared to the previous quarter. This growth indicates positive momentum in the company's financials and suggests a promising upward trend
• With positive growth in its operating margin over the past year, ROYAL CARIBBEAN CRUISES LTD showcases its ability to improve profitability through effective cost control and operational efficiency. This growth underscores the company's commitment to enhancing its financial performance.
• ROYAL CARIBBEAN CRUISES LTD has shown positive growth in its free cash flow (FCF) over the past year, indicating improved cash generation and financial strength. This growth highlights the company's ability to effectively manage its cash flows and generate surplus funds.
• ROYAL CARIBBEAN CRUISES LTD demonstrates a strong Return on Equity(ROE) of 36.94%. This indicates the company's ability to generate favorable returns for shareholders and reflects its efficient utilization of capital. ROYAL CARIBBEAN CRUISES LTD shows promising potential for continued success.
• ROYAL CARIBBEAN CRUISES LTD exhibits a favorable ownership structure, with an institutional shareholder ownership of 4.81%. This signifies a diverse investor base, which can contribute to a more stable and efficient market for the stock.
• ROYAL CARIBBEAN CRUISES LTD has consistently exceeded EPS estimates in the last 4 quarters, demonstrating its ability to outperform market expectations. This trend highlights the company's strong financial performance and its potential for future growth.
• ROYAL CARIBBEAN CRUISES LTD has achieved an impressive Relative Strength (RS) rating of 95.58, showcasing its ability to outperform the broader market. This strong performance positions ROYAL CARIBBEAN CRUISES LTD as an attractive stock for potential price appreciation.

Our High Growth Momentum Breakout screen will find you more ideas suited for high growth momentum breakouts.

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.