Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>CCL stock price is breaking below 50-day moving average.&nbsp;</a> </li> 
 <li> <span>2</span> <a>Carnival stock price is facing bearish pressure.</a> </li> 
</ul> 
<p>Carnival stock price halted near the $19.55 level and kept falling breaking below the 50 moving average. Currently, the CCL stock price is taking support on the 100-day EMA curve. Meanwhile, the support of the share price is near $13.95. CCL price is currently roaming beneath the 20 and 50-day EMA. If the price surges beyond the 50-day EMA, then a strong upside trend can be seen in the future.</p> 
<p>CCL price prediction indicates that the Carnival stock is trading within the firm grasp of the bears currently. Despite making several attempts within the past few months, the buyers have not been successful in smashing the price above its essential resistance levels near the 20 and 50-day EMA on the 1-day chart.</p> 
<p>The technical indicators favor the bears projecting a pessimistic perspective for the buyers. RSI and stochastic RSI oscillators are moving near the overbought zone whereas the major EMA lines are acting as barrier points for Carnival price.</p> 
<p>The CCL stock price has had a poor performance in the last 3 months. In the last 1 month, it gave a negative return of -7.83% and -0.13% in the last seven days. However, year-to-date, it gave an excellent return of 84.34% and 70.87% in the span of 6 months indicating weakness in recent months.</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-of-ccl-stock-price-in-1-d-timeframe-strong"><strong>Technical Analysis of CCL Stock Price in 1-D Timeframe</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="466" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-532-1024x466.png" alt="" class="wp-image-169204" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-532-1024x466.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-532-300x136.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-532-768x349.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-532-750x341.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-532-1140x519.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-532.png 1433w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: CCL.1D.NYSE by <a href="https://www.tradingview.com/x/gTy2qAG4/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>Carnival stock (NYSE: CCL) is trading under the 50 and 200-day DMAs (Daily moving averages), which do not uphold the price trend.&nbsp;</p> 
<p>Nevertheless, if more selling volume adds up in stock, then more downward levels can be seen in the upcoming weeks. The price might smash new lows by making lower highs and lows. Hence, the Carnival <a href="https://www.thecoinrepublic.com/2023/09/17/urbn-stock-nasdaq-urbn-crossed-20-day-ema-will-it-reach-50/" target="_blank" rel="noopener noreferrer nofollow">price</a> is expected to move downwards; giving bearish views over the daily time frame chart.</p> 
<p>The current value of RSI is 40.42 points. The 14 SMA is below the median line at 40.08 points which indicates that the CCL stock is neutral.</p> 
<p>The MACD line at -0.3813 and the signal line at -0.3967 are below the zero line. A bearish outlook is observed in the MACD indicator which signals more bearishness for the Carnival stock price.</p> 
<h3 class="wp-block-heading" id="strong-short-time-horizon-analysis-strong"><strong>Short-Time Horizon Analysis</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="466" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-533-1024x466.png" alt="" class="wp-image-169205" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-533-1024x466.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-533-300x136.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-533-768x349.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-533-750x341.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-533-1140x519.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-533.png 1433w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: CCL.4H.NYSE by <a href="https://www.tradingview.com/x/gTy2qAG4/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>CCL stock has shown sellers’ strength, and profit booking in the stock was noted on the short-term charts. Moreover, the price took support on the 200-day EMA, which the seller tried to break for further weakness in the Carnival stock. Additionally, a bearish cross between 50 and 100-day EMA was noted on the 4-hour chart.</p> 
<p>The RSI curve is near the oversold region at 42, and a neutral outlook was noted, indicating indecisiveness in the stock price direction.</p> 
<p>The MACD indicator persisted to form green bars. A bullish crossover was noted but the momentum was weak, which signals neutral moves.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>CCL stock is witnessing a weak bearish momentum on the daily technical charts. On the daily chart, the share price is seeing a strong shorting. Carnival stock is currently trading near the value of $15.19. If the selling pressure increases, then the price might go down further.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support Levels:</strong> $13.95 and $11.57</li> 
 <li><strong>Resistance levels:</strong> $19.55 and $17.12</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The analysis delivered in this article is for informational and educational objectives only. Do not depend on this information as financial, investment, or trading recommendations. Investing and trading in stock involves risk. Please assess your situation and risk tolerance before making any investment decisions.</p>

CCL Stock Forecast: Will Carnival Stock Break Below $10 Mark?

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