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.

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