Royal Caribbean Cruises Ltd (NYSE: RCL) is a world cruise business chief. This text analyzes its weekly Elliott Wave construction. Our examination uncovers the present bullish path and key targets forward of the following correction.
Elliott Wave Evaluation
From its 2020 low, RCL created a three-wave advance into new highs. Wave (I) ended at $99.24. Then, Wave ((2)) corrected to $31.09. Subsequent, Wave (III) reached $336.50, and Wave (IV) completed at $244.45. At present, the inventory resumes its rally in Wave (V) of ((III)), concentrating on new highs.
The projected path exhibits an upside goal of $395 – $442. Subsequently, value should keep above the January 2026 low of $264. This stage is crucial for persevering with the impulsive advance.
Wave (V) may prolong past the common goal this 12 months. Nonetheless, as soon as Wave ((III)) completes, a bigger Wave ((IV)) correction will start. This pullback will then current the following strategic funding alternative.
RCL Weekly Chart 2.3.2026
Conclusion
RCL‘s bullish cycle signifies additional upside forward. Consequently, merchants ought to goal strategic entries throughout corrective pullbacks. Implement our Elliott Wave methodology for exact timing. Particularly, enter the market after a 3, 7, or 11-swing correction completes. Moreover, our proprietary Blue Field system identifies high-probability reversal zones. This disciplined strategy supplies readability and confidence. Finally, it positions you to seize the following main advance.
Supply: https://elliottwave-forecast.com/stock-market/royal-caribbean-cruises-rcl-technical-push-to-400/