Royal Caribbean (RCL, $58.82) to offer up to $2 billion in bond offerings
Royal Caribbean plans to offer up to $2 billion in bond offerings, on what seems to be improved investor optimism.
The cruise company announced that there would be two separate offerings, $1 billion in senior guaranteed notes and $1 billion senior convertible notes, both due in 2023. It will use the funds to pay down debt and for general corporate purposes.
The coronavirus pandemic compelled cruise companies to stop voyages.
On Wednesday Morgan Stanley analyst Jamie Rollo resumed coverage of Royal Caribbean underweight ratings. Rollo gave Carnival a underweight rating, and downgraded Norwegian to underweight as well.
RCL's 10-day Moving Average broke above its 50-day Moving Average on May 08, 2020
This price move may be construed as a buy signal, indicating that the trend is shifting higher. In 15 of 19 cases where RCL's 10-day Moving Average crossed above its 50-day Moving Average, its price rose further within the subsequent month. The odds of a continued Uptrend are 79%.
Current price $58.67 crossed the resistance line at $42.72 and is trading between $105.64 support and $42.72 resistance lines. Throughout the month of 05/01/20 - 06/03/20, the price experienced a +43% Uptrend. During the week of 05/27/20 - 06/03/20, the stock enjoyed a +7% Uptrend growth.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator exceeded the 0 level on May 18, 2020. Traders may consider buying the ticker or exploring call options. In 66 of 92 cases where the ticker's Momentum Indicator exceeded 0, its price rose further within the subsequent month. The odds of a continued Uptrend are 72%.
The Moving Average Convergence Divergence (MACD) just turned positive. Considering data from situations where RCL's MACD histogram became positive, in 28 of 45 cases, the price rose further within the following month. The odds of a continued Uptrend are 62%.
The price moved above its 50-day Moving Average, which indicates a change from a Downtrend to an Uptrend. In 34 of 49 similar backtested cases where RCL's price crossed above its 50-day Moving Average, its price rose further within the subsequent month. The odds of a continued Uptrend are 69%.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where RCL advanced for three days, in 201 of 320 cases, the price rose further within the following month. The odds of a continued Uptrend are 63%
The Aroon Indicator entered an Uptrend today. In 112 of 210 similar cases where RCL Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 53%.
Bearish Trend Analysis
The RSI Indicator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
The Stochastic Indicator demonstrated that the ticker has stayed in the overbought zone for 10 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The higher Bollinger Band was broken -- a price fall is expected as the ticker heads toward the middle band, which invites the trader to consider selling or shorting the ticker, or exploring put options. In 22 of 43 cases where RCL's price broke its higher Bollinger Band, its price dropped further during the following month. The odds of a continued Downtrend are 51%.
Fundamental Analysis (Ratings)
Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 49%. During the last month, the daily ratio of advancing to declining volumes was 2 to 1.
The Tickeron PE Growth Rating for this company is 3 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of 14 (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.19) is normal, around the industry mean (-82.05). RCL's P/E Ratio (68.49) is considerably higher than the industry average of (27.72). Projected Growth (PEG Ratio) (3.68) is also within normal values, averaging (5.45). Dividend Yield (2.22) settles around the average of (1.76) among similar stocks. P/S Ratio (0.64) is also within normal values, averaging (1.87).
The Tickeron Price Growth Rating for this company is 54 (best 1 - 100 worst), indicating fairly steady price growth. RCL’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 78 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. RCL’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock worse than average.
RCL in -4.82% downward trend, sliding for three consecutive days on December 10, 2024
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where RCL declined for three days, in of 308 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for RCL moved out of overbought territory on December 09, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 45 similar instances where the indicator moved out of overbought territory. In of the 45 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 67 cases where RCL's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for RCL turned negative on December 09, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 43 similar instances when the indicator turned negative. In of the 43 cases the stock turned lower in the days that followed. This puts the odds of success at .
RCL broke above its upper Bollinger Band on December 06, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Bullish Trend Analysis
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where RCL advanced for three days, in of 315 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 306 cases where RCL Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. RCL’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 84, placing this stock better than average.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (7.634) is normal, around the industry mean (13.138). P/E Ratio (22.276) is within average values for comparable stocks, (55.221). Projected Growth (PEG Ratio) (0.646) is also within normal values, averaging (1.802). Dividend Yield (0.000) settles around the average of (0.053) among similar stocks. P/S Ratio (2.862) is also within normal values, averaging (22.119).
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Fundamental Analysis Ratings
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General Information
an operator of a fleet of cruise ships
Industry OtherConsumerServices