$CCL Carnival Corporation Stock Robo Analyst June 10 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. However, the stock has broken up through an important long-term fibonacci resistance level at 19.01 suggesting the long-term down trend could be turning neutral. If this new level of support at 19.14 holds, look for a move higher to the next resistance level at 32.32.

The stock has support at 19.14 and 16.83. If the stock breaks down through support at 19.14 then it will probably continue lower to 16.83. The stock has resistance at 25.66 and at 32.32. If the stock breaks up through resistance at 25.66 then it will probably continue higher to 32.32. The 200-day moving average is at 34.72. This will also act as resistance. The stock is extremely overbought according to the Stochastic Indicator (87.09).”