During Tuesday's Mad Money program, Jim Cramer asked whether it is too soon to speculate on the cruise lines. Tuesday's news that Royal Caribbean (RCL) is raising another $1.2 billion to help it survive the pandemic sent shares plunging 13.2%. Cramer said that might be your chance to buy. Let's check out the charts of RCL.
In this daily bar chart of RCL, below, we can see that prices have so far failed at the underside of the declining 200-day moving average line. Prices gapped lower the other day and are below the 50-day moving average line.
The On-Balance-Volume (OBV) line turned lower after failing to break above its August/September highs.
The Moving Average Convergence Divergence (MACD) oscillator looks like it has slipped below the zero line for a sell signal.