The cruise-line breakdown flagged last scan got worse, not better: Royal Caribbean ($RCL) crossed below its 200-day average this week, completing a trifecta with Carnival ($CCL) and Norwegian Cruise Line ($NCLH) — all three cruise names are now broken on every long-horizon measure, negative on the year with alpha readings worse than -43. Booking Holdings ($BKNG) is still the sector's horizon-mismatch trap: its 30-day return decelerated sharply (from +17.86% to +2.15%) while it remains down 9.05% over the past year with -28.92 alpha. On the other side, Airbnb ($ABNB) and Expedia ($EXPE) remain the sector's clear secular winners, still up 45% and 53% over the year and comfortably above their 200-days, while Marriott ($MAR) and Hilton ($HLT) keep basing without breaking.

Data as-of the 2026-08-28 close for all nine tickers, including the sector's cross-listed airline ETF ($JETS). All numbers from the pre-computed travel-leisure summary. Comparison scan: the August 21, 2026 close — a normal one-week gap.

The cruise-line trio's breakdown, which was two-thirds complete last scan, finished this week. Royal Caribbean's RSI eased from 40.4 to 32.4 and its trend downgraded from weak-down to down; its 30-day return swung from +2.15% to -13.65%, and — the key new development — it crossed to 2.8% below its 200-day average, a level it hadn't touched before. That puts Royal Caribbean's long-horizon numbers (-23.63% over the year, -43.50 alpha) in the same range as Carnival (-23.79% over the year, -43.66 alpha, RSI eased to 34.0) and Norwegian Cruise Line (-34.42% over the year, -54.29 alpha, still the sector's worst, RSI eased to 35.1). All three cruise names are now negative on the year, below their 200-days, and carrying alpha worse than -43 — a genuine breakdown across the whole sub-segment, not an isolated name.

Booking Holdings remains the sector's clearest horizon-mismatch case, and it deepened this week. Its 30-day return decelerated sharply from +17.86% to +2.15% and its RSI eased from 60.8 to 53.1, still tagged strong-up on the short window and still 10.6% above its 200-day. But it's down 9.05% over the past year (was -8.23%) with -28.92 alpha (was -30.05) — essentially unchanged from a scan ago, still nearly matching the cruise-line trio's weakness despite looking technically healthy. The rest of the lodging and booking side held up better: Airbnb's RSI eased off an extended 71.8 to 67.8 while its 30-day return decelerated to +23.80% (was +33.74%) and it stays 37.4% above its 200-day with a 45.20% one-year gain — still the sector's clearest secular winner. Expedia's RSI eased slightly to 59.5 (was 62.0) while its weekly return reversed positive (+2.43%, was -3.32%) and it remains the strongest name on every long-horizon window: +53.43% over the year, 27.9% above its 200-day. Marriott and Hilton both continued basing — Marriott's RSI eased to 40.9, right at the approaching-oversold boundary, while still holding a 29.91% one-year gain and positive alpha (+10.04); Hilton's RSI eased to 46.2 with a +16.49% one-year gain and only mildly negative alpha (-3.39).

This scan's cruise-line completion lines up with what's happening in the sector one over: airlines mostly stabilized after two rough scans, but the get-there-and-move-around side of travel demand — cruise lines specifically — kept deteriorating even as airlines calmed down. That's a divergence worth noting: the two transportation sub-segments aren't moving together this week. Chemicals, the industrial-input read-through, saw its two cleanest names (Dow, LyondellBasell) cool off over the same window, adding a third data point in a softer direction. Cause unknown from this data — nothing in the tape ties Royal Caribbean's break specifically to fuel costs, booking trends, or a broader demand signal; news pulled for Royal Caribbean is both stale (fetched mid-June 2026) and flagged as a failed pull (a rate-limited search from that date), so "nothing found" there is not evidence of no cause, and the nearest stock-events entry is a July 28 earnings report that predates this move.

• Marriott: RSI 45.1→40.9 (eased to the approaching-oversold boundary), trend weak-down unchanged, price $356.39→$351.08, 7D -0.10%→-1.46% (worsened slightly), 30D -3.63%→-7.88% (worsened), 52-week-high gap -13.28%→-14.57% (widened).
• Royal Caribbean: RSI 40.4→32.4 (eased into approaching-oversold), trend weak-down→down (downgraded), price $292.00→$279.41, 7D -4.29%→-4.27% (roughly flat, still negative), 30D +2.15%→-13.65% (swung sharply negative), 52-week-high gap -20.33%→-23.76% (widened); newly below its 200-day, completing the cruise-line breakdown.
• Booking: RSI 60.8→53.1 (eased), trend strong-up unchanged, price $209.62→$205.63, 7D -1.19%→-1.90% (roughly flat), 30D +17.86%→+2.15% (decelerated sharply), 52-week-high gap -9.57%→-9.27% (roughly flat).
• Airbnb: RSI 71.8→67.8 (eased off extended), trend strong-up unchanged, price $187.30→$189.43, 7D +1.77%→+1.10% (roughly flat), 30D +33.74%→+23.80% (decelerated but still strong), 52-week-high gap -1.00%→-2.08% (widened slightly, still near a new high).
• Expedia: RSI 62.0→59.5 (roughly flat), trend strong-up unchanged, price $321.63→$329.44, 7D -3.32%→+2.43% (reversed positive), 30D +23.19%→+8.27% (decelerated), 52-week-high gap -3.99%→-3.67% (roughly flat, still near highs).
• Hilton: RSI 51.5→46.2 (eased), trend weak-down unchanged, price $326.63→$321.85, 7D -0.18%→-1.46% (worsened slightly), 30D +0.74%→+0.04% (roughly flat), 52-week-high gap -8.76%→-10.10% (widened).
• Carnival: RSI 38.0→34.0 (eased further), trend strong-down unchanged, price $25.73→$24.76, 7D -8.53%→-3.73% (improved but still negative), 30D -1.42%→-10.97% (worsened sharply), 52-week-high gap -24.39%→-27.24% (widened).
• Norwegian Cruise Line: RSI 38.7→35.1 (eased further), trend strong-down unchanged, price $17.24→$16.65, 7D -9.31%→-3.36% (improved but still negative), 30D -10.81%→-19.76% (worsened sharply), 52-week-high gap -36.57%→-38.74% (widened, still the sector's worst).
• JETS (sector's cross-listed airline ETF): RSI 38.6→37.5 (roughly flat), trend weak-down unchanged, price $29.57→$29.18, 7D -6.34%→-1.32% (moderated), 30D -1.76%→-5.78% (worsened), 52-week-high gap -13.18%→-14.33% (widened) — same underlying data covered in this week's airlines scan.

RSI (Relative Strength Index) gauges how aggressively a stock has been bought or sold over roughly the past two weeks, on a 0-100 scale — under 30 signals an oversold, potentially undervalued stretch; over 70 signals overbought, extended risk; readings in between are neutral. Trend reflects a stock's structural direction based on its moving averages over the past several weeks — it is a short-window read, not a verdict on the multi-year story. vs SMA shows how far price sits above or below its 20-day average. The one-year change and the distance from the 200-day average are the longer-horizon check: a stock trading well above its 200-day with a strong one-year gain is a secular winner even through a rough week; a stock below its 200-day with a negative one-year change and weak alpha is a trend genuinely broken, not just pulling back.

RSI < 25 (Oversold): None this scan.

RSI 25-40 (Approaching Oversold): Royal Caribbean (32.4), Carnival (34.0), and Norwegian Cruise Line (35.1) sit here, all three now confirmed breakdowns — below their 200-days, negative on the year, and carrying the sector's worst alpha readings (-43.50, -43.66, -54.29). JETS (37.5), the sector's cross-listed airline exposure, also sits in this band, but reads the same pullback-not-breakdown way it does in this week's airlines scan — still above its 200-day with a positive one-year gain.

RSI 40+ (Neutral-to-Strong): The remaining five names sit here, but the one-year window splits them sharply. Airbnb (67.8) and Expedia (59.5) are the sector's clearest secular winners — up 45.20% and 53.43% over the year, both well above their 200-days. Marriott (40.9) and Hilton (46.2) are basing with solid, roughly market-matching one-year gains. Booking (53.1) is the trap: a strong-up short-trend tag over a year that's still down 9.05% with -28.92 alpha — nearly matching the broken cruise-line trio's weakness.

Does the cruise-line trio's breakdown stabilize now that all three are in the same broken state, or does it keep compounding the way Royal Caribbean's did this scan? Does Booking's improving short-term trend ever close its one-year gap, or does the mismatch persist indefinitely? And does the divergence between airlines (stabilizing) and cruise lines (still breaking down) — both parts of the same get-there-and-move-around travel demand — resolve toward one story or stay two separate signals.

• Tape data (price/RSI/SMA/returns): pre-computed summaries as of the 2026-08-28 close — travel-leisure.
• Comparison figures: 2026-08-22-travel-leisure (2026-08-21 close); JETS comparison drawn from 2026-08-22-airlines (same ticker, same date, shared cohort).
• Cross-sector read: airlines, chemicals (same 2026-08-28 close).
• News/event check on Royal Caribbean's breakdown: latest (fetched mid-June 2026, marked failed/stale — a rate-limited search, not evidence of no news) and research/stock-events/ (nearest entry is a July 28, 2026 earnings report) — driver unconfirmed from this data.