Watch These Royal Caribbean Price Levels as Stock Sails to Record High

Company Performance and Outlook - Royal Caribbean Group (RCL) shares hit a record high following better-than-expected earnings and a strong outlook [2] - The company's financial results were boosted by price hikes and onboard purchases, with booking momentum continuing into 2025 [3] - Royal Caribbean announced plans to start bookings for new river cruises on 10 new ships in 2027 [3] - Shares rose 1.5% on Wednesday to a new closing high of around $269, with a 17% gain year-to-date and more than doubling over the past 12 months [4] Technical Analysis and Price Trends - Royal Caribbean shares broke out of a falling wedge pattern earlier this month, signaling a continuation of the stock's uptrend [5] - The post-earnings surge occurred on the highest daily volume since October 2023, indicating strong buying participation from institutional investors [6] - The relative strength index (RSI) moved above 70, confirming bullish price momentum [6] - Bars pattern analysis projects a price target of around $425, with the current uptrend potentially lasting until early June [9][11] Key Support Levels - Investors should watch the $222 level for potential support during pullbacks, aligning with the falling wedge pattern's upper trendline [10] - Selling below $222 could see shares revisit lower support around $198, with buying opportunities potentially emerging in this region [12]