$CCL Carnival Corporation Stock Robo Analyst September 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 12.83 and 11.00. If the stock breaks down through support at 12.83 then it will probably continue lower to 11.00. The stock has resistance at 14.17 and at 15.52. If the stock breaks up through resistance at 14.17 then it will probably continue higher to 15.52. The 200-day moving average is at 24.20. 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 12.83 look for a rally to previous highs. The stock is extremely oversold according to the Stochastic Indicator (21.30).”