$CCL Carnival Corporation Stock Robo Analyst August 24 2020 #CCL
Carnival Corporation (CCL) ” On a long-term technical basis, the stock (CCL) is trading below its 200-day moving average which generally implies it is in a negative trend.
The stock has support at 14.27 and 12.83. If the stock breaks down through support at 14.27 then it will probably continue lower to 12.83. The stock has resistance at 15.43 and at 16.52. If the stock breaks up through resistance at 15.43 then it will probably continue higher to 16.52. The 200-day moving average is at 26.84. This will also act as resistance. However, the stock has broken out of its long-term downtrend according to the fibonacci fan, which is significant. If the stock can form new support above 14.27 look for a rally to previous highs. The stock is slightly overbought according to the Stochastic Indicator (65.93).”
