Royal Caribbean weekly uptrend opportunity based On 1.00 Lot Calculation:
- Royal Caribbean operates as a cruise company worldwide. It operates cruises under various brands, which comprise a range of itineraries that call on approximately 1,000 destinations. At the end of 2020, the company operated 61 ships. Royal was founded in 1968 and is headquartered in Miami, Florida.
- The Royal Caribbean stock rose in the last few days on the increased strength of bookings by passengers of the cruise line's cabins. Bookings are rising for late 2021 and fiscal 2022, a 30% increase since the start of the year compared to November and December, even with higher average prices than before the pandemic. The company recently reported a smaller-than-expected loss for the fourth quarter ($ -5.02 vs. $ -5.2 forecast). According to CEO Richard Fain, COVID fatigue is real and people want to have experience outside their homes.
- U.S. cruises could resume by mid-summer with restrictions, the US public health authority announced on April 6. The cruise industry in recent weeks has repeatedly called on the US health authorities to allow cruises resume by July 4.
- Royal begins sailing from Israel for the first time in May. The global cruise line will offer Israelis a combination of 3- to 7-night tours visiting the Greek Islands and Cyprus on a brand-new ship, Odyssey of the Seas. The company also scheduled a series of new seven-night cruises from first-time homeport Bermuda, from June through August.
Royal Caribbean (#ROYAL_CARB), April 8, 2021
Current Price: 91
|
Royal Caribbean |
Weekly |
|
Trend direction |
|
|
103 |
|
|
101 |
|
|
99 |
|
|
83 |
|
|
81 |
|
|
79 |
Example of calculation based on weekly trend direction for 1.00 Lot*
|
Royal Caribbean |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
12,000 |
10,000 |
8,000 |
-8,000 |
-10,000 |
-12,000 |
|
Profit or loss in €** |
10,113 |
8,427 |
6,742 |
-6,742 |
-8,427 |
-10,113 |
|
Profit or loss in £** |
8,730 |
7,275 |
5,820 |
-5,820 |
-7,275 |
-8,730 |
|
Profit or loss in C$** |
15,126 |
12,605 |
10,084 |
-10,084 |
-12,605 |
-15,126 |
* 1.00 lot is equivalent of 1000 units
** Calculations for exchange rate used as of 11:25 AM (GMT+1) 8/4/2021
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client Manager regarding their use.
*** You may wish to consider closing your position in profit, even if it is lower than suggested one
**** Trailing stop technique can protect the profit – Ask your Client Manager for more detail