$CCL Carnival Corporation Stock Robo Analyst August 29 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 16.83 and 15.34. If the stock breaks down through support at 16.83 then it will probably continue lower to 15.34. The stock has resistance at 17.56 and at 25.28. If the stock breaks up through resistance at 17.56 then it will probably continue higher to 25.28. The 200-day moving average is at 26.56. 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 16.83 look for a rally to previous highs. The stock is extremely overbought according to the Stochastic Indicator (75.71).”