CCL Surges $2.43, Bullish Momentum Builds as RSI Hits 65.7
$Carnival(CCL)$
Carnival Corp. (CCL) Soars +8.09%: Nears 52-Week High, Bullish Momentum Intact
Latest Close Data:
As of 2026-02-02, CCL closed at $32.45, surging +8.09% ($2.43). The stock is now just $0.44 away from its 52-week high of $32.89.
Core Market Drivers:
-
The cruise industry continues to benefit from strong post-pandemic travel demand and stable fuel prices.
-
CCL's robust booking trends and operational efficiency improvements are key positive catalysts.
Technical Analysis:
-
The rally was supported by strong volume (30.39M shares, Volume Ratio 1.39).
-
The MACD (0.276) has just turned positive, signaling a bullish crossover.
-
The 12-day RSI at 65.66 indicates strong momentum but is approaching overbought territory.
Key Price Levels:
-
Primary Support: $28.68 (Recent swing low)
-
Strong Resistance: $32.89 (52-Week High)
-
Immediate Pivot: $30.70 (Previous resistance, now support)
Valuation Perspective:
The forward P/E stands at 11.78, which is significantly below the historical average for the travel sector, suggesting the stock may still be undervalued relative to its recovery trajectory.
Analyst Targets:
23 analysts cover CCL with an average price target of $37.50 (upside of ~15.5%). Sentiment is bullish with 8 Strong Buy, 14 Buy, and 6 Hold recommendations.
Weekly Outlook:
The immediate trend is bullish. Expect consolidation near the $32.50-$33.00 zone. A decisive break above $32.89 could target the $35-$36 range. A failure to hold $30.70 may lead to a retest of $28.68 support.
For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.
🎉Cash Boost Account Now Supports 35,000+ Stocks & ETFs – Greater Flexibility Now
Find out more here.
Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.
Other helpful links:
-
💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉
-
How to open a CBA. How to link your CDP account. Other FAQs on CBA. Cash Boost Account Website.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
