CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Royal Caribbean

Market Opportunities - 08/04/2021

08 April, 2021

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible opportunity for profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

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

UP

Resistance 3

103

Resistance 2

101

Resistance 1

99

Support 1

83

Support 2

81

Support 3

79

Example of calculation based on weekly trend direction for 1.00 Lot*

Royal Caribbean

Pivot Points

Resistance 3

Resistance 2

Resistance 1

Support 1

Support 2

Support 3

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

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  • CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  • CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts lose money when trading in CFDs. You should consider whether you understand how leveraged contracts work and whether you can afford to take the high risk of losing your money.