Technical Analysis

Technical Analysis of Carnival Corp (CCL)

Price Overview

As of the latest data, Carnival Corp (CCL) is trading at $20.55, with a 52-week high of $27.44 and a 52-week low of $17.64. The stock closed at $20.64 on March 7, 2025, with a high of $20.86 and a low of $19.8307 during the session. The volume was 34,604,900, indicating active trading.

Technical Indicators

• RSI (6, 12, 14):
  The Relative Strength Index (RSI) for CCL is 19.49 (RSI_6), 26.21 (RSI_12), and 27.98 (RSI_14). These values are below the 30 threshold, indicating that the stock is in oversold territory, which could signal a potential buy opportunity.

• Stochastic Oscillator (%K, %D):
  The Stochastic Oscillator shows %K at 10.62 and %D at 11.21, further confirming the stock's position in oversold territory.

• MACD:
  The MACD line is at -1.18, the signal line is at -0.42, and the histogram is at -0.76, indicating a bearish trend.

• Fibonacci Levels:
  The Fibonacci levels suggest a pivot point at $22.41, with resistance levels at $24.23 (R1) and $25.36 (R2), and support levels at $20.59 (S1) and $19.46 (S2). The stock is currently trading near the S1 support level, which could act as a floor.

• Bollinger Bands:
  The stock is currently near the lower Bollinger Band, suggesting it may be undervalued.

Price Action and Trends

The stock has been trading in a downward trend over the past few sessions, with the price bouncing between the Fibonacci support and resistance levels. The recent price action suggests that the stock is testing the lower end of its range, with the $20.59 support level being a critical point to watch.

News Sentiment

Recent news has had a negative impact on CCL, with the stock falling 6.4% due to rising Treasury yields and escalating trade tensions. These factors have rattled investor confidence and could lead to increased costs for the company, particularly in materials and fuel. Additionally, any retaliatory tariffs on U.S. travel services could dampen international bookings, a key revenue stream for Carnival.

Conclusion

Based on the technical analysis, the stock is currently in oversold territory, with the RSI and Stochastic Oscillator suggesting a potential buy signal. However, the bearish MACD and broader market weakness due to trade tensions and rising yields are cautionary.

Recommendation:

• Buy at the current price of $20.55, with a target price of $24.23 (Fibonacci R1).
• Stop-loss at $19.46 (Fibonacci S2).

Disclaimer: This analysis does not constitute financial advice and should not be considered as a recommendation to buy or sell CCL stock. Always do your own research or consult with a financial advisor before making investment decisions.