Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Carnival Corporation’s stock price (CCL) fell in the intraday levels, amid the dominance of the downward trend while trading alongside the short-term trend line, with negative pressure from the 50-day SMA, as the stock settles once again below the pivotal support of $14.44, amid negative signals from the RSI after reaching overbought levels.
Therefore we expect more losses for the stock, targeting the support of $13.00, provided it settles below $14.44.
Trend forecast: Bearish