Carnival price returns lower - Forecast today - 10-04-2024

Carnival Corporation’s stock price (CCL) returned lower in the intraday levels after managing to vent off oversold saturation in the RSI, while hurt by piercing the upward short-term trend line, with negative pressure from the 50-day SMA.

Therefore we expect more losses for the stock, targeting the pivotal support of $14.44, provided the resistance of $16.40 holds on.

Trend forecast: Likely Bearish