Royal Caribbean Cruises $RCL is currently exhibiting a Squeeze Score of 96.9 and a Long-Term Squeeze Score of 94.
Here’s what the chart looks like:
Royal Caribbean is coiled at a key polarity level, with former resistance now acting as support.
Price remains below a confluence of AVWAPs from the most recent pivot high and last year’s April lows, which continues to cap advances.
The stock has carved out a classic distribution pattern. While many of these patterns in risk-on areas have failed to the upside, this one has held within the lower bounds, with the VWAP confluence acting as resistance.
That behavior suggests the bears remain in control for now, so the setup should be treated as guilty until proven innocent.
