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American Stocks Analysis
May 8, 2024 7:30 AM

Carnival Corporations 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

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