Will Carnival Stock Price Drop Below $10?
The post Will Carnival Stock Price Drop Below $10? appeared on BitcoinEthereumNews.com. 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. 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. 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. 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%. Despite that, the CCL stock price reacted negatively and fell 5% in a single day. It triggered negative sentiment and invited further decline. Carnival Corp. stock price closed the previous session at $12.26 with an intraday decline of 2.70%. The market capitalization stands at $15.30 Billion. Will CCL Stock Price Defend $12 Level? 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. Carnival Corp. 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. However, the stock is near the long-term support of $12.00, so a pullback rally may also come. Carnival Stock Price is Inside the Bears’ Grip Carnival stock price is inside the bears’ grip and fell for eleven…
The post Will Carnival Stock Price Drop Below $10? appeared on BitcoinEthereumNews.com.
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. 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. 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. 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%. Despite that, the CCL stock price reacted negatively and fell 5% in a single day. It triggered negative sentiment and invited further decline. Carnival Corp. stock price closed the previous session at $12.26 with an intraday decline of 2.70%. The market capitalization stands at $15.30 Billion. Will CCL Stock Price Defend $12 Level? 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. Carnival Corp. 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. However, the stock is near the long-term support of $12.00, so a pullback rally may also come. Carnival Stock Price is Inside the Bears’ Grip Carnival stock price is inside the bears’ grip and fell for eleven…
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