Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>CCL stock price fell 10.64% in October and the sell-off still continued.</a> </li> 
 <li> <span>2</span> <a>Carnival stock price broke down the crucial support of $14.00.</a> </li> 
 <li> <span>3</span> <a>Carnival Corp. stock reacted negatively after quarterly earnings.</a> </li> 
</ul> 
<p>Carnival Corp., CCL stock price continued its downward momentum in October. It fell 10.64% in the current month and formed a bearish pattern on a multiple time frame chart.&nbsp;</p> 
<p>Carnival stock price dropped below the $14.00 crucial support which created panic for the short-term bullish investors. Buyers tried to sustain the $14.00 level but due to the strong presence of sellers in the supply zone, they failed.&nbsp;</p> 
<p>CCL stock price is now in a downtrend with 50-day, and 200-day EMAs also reversing down. It showcases that sellers are strengthening their grip and trying their best to pull the prices further down.&nbsp;</p> 
<p>Carnival Corp. released the previous quarter earnings on September 29, 2023. It reported an EPS of 0.86 and revenue of $6.854 Billion. The company beats the EPS estimate by 14.41% and revenue estimate by 2.19%.&nbsp;</p> 
<p>Despite that, the CCL stock price reacted negatively and fell 5% in a single day. It triggered negative sentiment and invited further decline.&nbsp;Carnival Corp. <a href="https://www.thecoinrepublic.com/2023/10/10/ccl-stock-forecast-is-carnival-stock-indicating-a-reversal/" target="_blank" rel="noreferrer noopener">stock price </a>closed the previous session at $12.26 with an intraday decline of 2.70%. The market capitalization stands at $15.30 Billion.</p> 
<h2 class="wp-block-heading" id="strong-will-ccl-stock-price-defend-12-level-strong"><strong>Will CCL Stock Price Defend $12 Level?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" loading="lazy" width="1600" height="678" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-419.png" alt="CCL Stock Price: Will Carnival Stock Price Drop Below $10?" class="wp-image-175916" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-419.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-419-300x127.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-419-1024x434.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-419-768x325.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-419-1536x651.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-419-750x318.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-419-1140x483.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   NYSE: CCL daily chart by <a href="https://www.tradingview.com/x/5z6Jnht5/">Tradingview</a>
  </figcaption>
 </figure>
</div> 
<p>CCL stock price is in a correction phase and bears are continuously selling from higher levels. In the last 3 months, Carnival’s stock price fell 36% from its year-till-date high and eroded the complete gains generated in 2023.&nbsp;</p> 
<p><a href="https://www.thecoinrepublic.com/2023/10/10/ccl-stock-forecast-is-carnival-stock-indicating-a-reversal/" target="_blank" rel="noreferrer noopener">Carnival Corp.</a> share price formed an inverted V-shape bearish pattern and prices returned back to the breakout level. It corrected a lot in the last three months so a narrow-range consolidation is possible in the coming months.&nbsp;</p> 
<p>However, the stock is near the long-term support of $12.00, so a pullback rally may also come.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-carnival-stock-price-is-inside-the-bears-grip-strong"><strong>Carnival Stock Price is Inside the Bears’ Grip&nbsp;</strong></h3>  
<div class="tradingview-widget-container"> 
 <div id="tradingview_7a246"></div> 
 <div class="tradingview-widget-copyright">
  <a href="https://www.tradingview.com/" rel="noopener nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a>
 </div> 
 <script type="text/javascript" src="https://s3.tradingview.com/tv.js"></script> 
 <script type="text/javascript">
  new TradingView.widget(
  {
  "width": 950,
  "height": 500,
  "symbol": "NYSE:CCL",
  "interval": "D",
  "timezone": "Etc/UTC",
  "theme": "light",
  "style": "1",
  "locale": "en",
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  "studies": [
    "STD;RSI",
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  "container_id": "tradingview_7a246"
}
  );
  </script> 
</div>  
<p>Carnival stock price is inside the bears’ grip and fell for eleven consecutive weeks. It shows that some genuine investors who turned bullish in June 2023, might have taken exit from the higher levels.&nbsp;</p> 
<p>The financial performance of the previous quarter was quite surprising and improvement is visible. So, if the company remains profitable in the coming quarters and reports positive earnings, then a downfall in the stock price may take a halt in the range between $10.00 to $12.00.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>Carnival Corp. CCL stock price continued its downward momentum and fell 10.64% in the current month.&nbsp;</p> 
<p>However, at present Carnival’s stock price looks oversold and near the long-term demand zone. So, analysis suggests the stock will respect the $10 support, and the possibility of breakdown is low.</p> 
<h4 class="wp-block-heading"><strong>Technical levels</strong></h4> 
<ul> 
 <li>Resistance levels: $15.29 and $16.40</li> 
 <li>Support levels: $11.50 and $10.00</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>

CCL Stock Price: Will Carnival Stock Price Drop Below $10?

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