- 1
Carnival Corp. will release its earnings report for the quarter ending in February 2023. - 2
CCL stock price is up by 1.30% in the pre-market prior to the disclosure. - 3
Investors hope for a positive report and for CCL stock price to form a rally.
CCL stock price shows signs of a rally in the pre-market session as Carnival Corp. will release its earnings report on March 27. Potential investors and existing holders of CCL stock expect positive results and are looking to book profits. CCL stock price retraced from the support near $8.50, as the buyers showed interest.
U.N. on Transboundary Water Management; Can Carnival Adapt?
The United Nations, on March 23, released its take on Transboundary Water Management. As per the disclosure, delegates worldwide discussed their strategies to integrate water transportation and sustainability. However, several solutions that were suggested were region-centric.
Carnival Corp. is a cruise ship operator. The U.N. meeting with global delegates maps out sustainable growth for waterways and defines the extent to which such companies operate in the future. Holders can expect expansionary plans from the shipping company if the earnings turn out positive.
CCL Stock Price Analysis
CCL stock price retraces from the support of $8.50 and hints at a possible bull run. The trading volume shows buyers taking over the market. The projected rally is attributed to the upcoming earnings report by Carnival Corp. for the quarter ending in February 2023. The EMA ribbon forms a bullish crossover, supporting the anticipated rally.
CCL stock price tries to break the first retracement level to form a robust rally. The RSI rises from the floor range, indicating declining seller influence. The MACD converges to end seller action and marks the beginning of the buyers’ regime. The rally is projected to reach the resistance near $11.20 and, after a temporary consolidation, can aim for $12.30. The indicators show bullish attributes, suggesting a strong uptrend.
Conclusion
As per Nasdaq, Carnival Corp. is set to release its earnings report for the fiscal quarter ending in February 2023. CCL stock price movement hints at a rally, taking leverage of the release. The holders can rely on the support near $8.50 and trace the rally post-release. The pre-market situations show the commencement of an uptrend.
Technical levels
Support levels: $8.50 and $7.75
Resistance levels: $11.20 and $12.30
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Source: https://www.thecoinrepublic.com/2023/03/27/ccl-stock-price-crosses-10-carnival-corp-to-roll-out-earnings/