- Carnival Corp. stock has dipped around 1.36% on Friday’s pre market session, this signifies that sellers are trying to pull Carnival stock price.
- Carnival stock price has just entered the distribution phase and is trying to sustain at the current level.
- Analysts speculate that sellers may approach for a pull back and Carnival stock price may experience a significant dip on Friday’s trading session.
Carnival Stock price (NYSE: CCL) has entered the distribution phase over the daily time frame chart. CCL share price must maintain the current accumulation rate of buyers for CCL shares to continue its bullish momentum over the daily time frame chart. However, pre market session ]has forecasted the fall of CCL stock price from the distribution phase. In the pre market session carnival share price has slipped by 1.26% in the day’s pre market session. Carnival share price must continue to surge towards the upper range of the distribution phase to continue its recovery phase over the daily time frame chart.
Carnival stock price was at $10.15 and has dropped by 1.26% in the pre market session of Friday’s trading session. Trading volume has suggested the accumulation rate of buyers by the closing of Thursday’s trading session.
Carnival stock price has been trading with strong uptrend momentum over the daily time frame chart. CCL share price has entered the distribution phase with strong upward momentum. However, Friday’s pre-trading session shows some different sentiments of CCL share price. Meanwhile, Carnival share price has recovered above 20, 50 and 100-days Daily Moving Average. It’s a matter of time to see if CCL share price reaches the $11 level or it gets distributed from the distribution phase.
Carnival Stock Price Being Overbought Prompts RSI
Carnival stock price has been trading with strong uptrend momentum after getting support from $7.62 and has gained more than 30% during the bullish rally. Technical indicators suggest that Carbiva share price has entered the overbought territory.
Relative Strength Index showcases that CCL share price has entered the overbought territory. RSI is at 69 and it may return from overbought territory. MACD exhibits the strong uptrend momentum of CCL share price. The MACD line is above the signal line after a positive crossover. Investors need to wait for an opportunity if sellers overpowers the situation during Friday’s trading session.
Summary
Carnival Stock price (NYSE: CCL) has entered the distribution phase over the daily time frame chart. CCL share price must maintain the current accumulation rate of buyers for CCL shares to continue its bullish momentum over the daily time frame chart. It’s a matter of time to see if CCL share price reaches the $11 level or it gets distributed from the distribution phase. Technical indicators suggest that Carbiva share price has entered the overbought territory. Investors need to wait for an opportunity if sellers overpowers the situation during Friday’s trading session.
Technical Levels
Support Levels: $7.60 and $7.20
Resistance Levels: $10.75 and $11.00
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they 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/2023/01/13/carnival-corp-stock-slips-on-fridays-pre-market-session-sellers-approaching-to-pull-carnival-stock-price/