Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Carnival Stock Price Prediction is highly bullish and suggests positive momentum might continue.&nbsp;</a> </li> 
 <li> <span>2</span> <a>Carnival Corp (NYSE: CCL) stock is in an uptrend and EMAs displayed a golden crossover.</a> </li> 
 <li> <span>3</span> <a>CCL Stock Price is up by 123% on a YTD basis.</a> </li> 
</ul> 
<p>Carnival Stock Price Prediction suggests a rise in the long run and more rally is pending. CCL Stock performed well in the past few months and generated decent returns for long-term investors.&nbsp;</p> 
<p>Carnival Stock shot up 67% in the previous month and attempted to break the $20.00 hurdle. However, the attempt was not successful and prices witnessed minor profit booking from the higher levels.&nbsp;</p> 
<p>On June 26, 2023, Carnival Corp (NYSE: CCL) released the previous quarter’s earnings. The company succeeded in meeting the EPS as well as revenue estimates. Due to that stock prices gained momentum and rallied 38% approx in a short span of time.&nbsp;</p> 
<p>The momentum in CCL stock halted near $20.00 and prices entered consolidation. Presently, the stock is retracing down to test the EMAs. <a href="https://www.thecoinrepublic.com/2023/06/27/positive-earnings-failed-to-boost-ccl-stock-price/" rel="noopener noreferrer nofollow">CCL Stock</a> price is trading above the 50-day and 200-day EMA showcasing uptrend.&nbsp;</p> 
<p>However, the current price is far from the EMAs, so minor correction or consolidation is possible. Carnival <a href="https://www.thecoinrepublic.com/2023/06/27/positive-earnings-failed-to-boost-ccl-stock-price/" rel="noopener noreferrer nofollow">Stock price </a>closed the previous session at $17.85 with an intraday decline of 0.17%. The market capitalization stands at $22.30 Billion.</p> 
<h2 class="wp-block-heading" id="strong-carnival-stock-prepares-for-the-next-phase-of-the-rally-strong"><strong>Carnival Stock prepares for the next phase of the rally</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/UsmnyT19aiVhyKkvEWa2xbL0LCZ2rLuyKCnkDLoMoL-dr7NjXVqnLMMsydWtzA0TdeBVzEvhRcmmPztMwyk1Xka6bmqmnXJH-_2watG6R9mAEdslyGMKZygnHQIWHKhbq4VUkoKcGGwHBa_Qri4gMQ" alt="Carnival Stock Price Prediction: Will CCL Stock Reach $25?"> 
  <figcaption class="wp-element-caption">
    NYSE: CCL daily chart by <a href="https://www.tradingview.com/x/FJ0J02Ih/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>Carnival Stock price (NYSE: CCL) looks mildly overstretched so prices might consolidate for some time before deciding further direction. The trading volume is also in a declining phase indicating fresh buyers are not active.&nbsp;</p> 
<p>However, the previous rally looks sustainable and prices are likely to sustain higher levels. As CCL Stock holds the $13.00 support any short-term correction will be easily absorbed by the buyers.&nbsp;</p> 
<p>On the other hand, if the buyers succeeded to break out of the $20.00 hurdle then the next phase of the rally might trigger. The broader market index is recovering which might positively impact market sentiment and fuel the rally.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-ccl-stock-price-analysis-on-the-weekly-time-frame-strong"><strong>CCL Stock Price analysis on the weekly time frame</strong></h3> 
<p>CCL Stock forming a Doji candle on the weekly time frame shows indecisiveness. The prices are bullish, and buyers seem aggressive compared to sellers.&nbsp;</p> 
<p>The MACD displayed a negative crossover indicating mild bearishness. The histogram bar is also declining denotes sellers are getting active. The RSI at 58 sloping sideways denotes prices near the neutral territory and might consolidate for some more time.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>Carnival Stock Price Prediction is bullish and suggests a rise in the long run. CCL Stock price looks mildly overstretched so short-term consolidation is possible.&nbsp;</p> 
<p>The technical analysis suggests, If Carnival Corp breaks the $20.00 hurdle then the probability of reaching the $25.00 mark will increase.</p> 
<h5 class="wp-block-heading"><strong>Technical levels</strong></h5> 
<ul> 
 <li><strong>Resistance levels:</strong> $20.00 and $25.00</li> 
 <li><strong>Support levels:</strong> $15.00 and $13.00</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

Carnival Stock Price Prediction: Will CCL Stock Reach $25?

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Thecoinrepublic.com

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