Carnival stock price ended on $6.85 on Monday after losing 2.56%

The Carnival stock price fell by -2.56% on the last day (Monday, 3rd Oct 2022) from $7.03 to $6.85. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 9.27% from a day low at $6.58 to a day high of $7.19. The price has fallen in 8 of the last 10 days and is down by -36.46% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -133 million shares and in total, 104 million shares were bought and sold for approximately $710.63 million.

The last rating was given by Barclays on Oct 03, 2022. The price target was changed from 14 to 10.Over the last 90 days, this security got 1 buy, 5 sell, and 0 hold ratings.

The stock has broken the very wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $8.70. A reaction back to this level may hold a second chance to get out before further falls.

There are few to no technical positive signals at the moment. The Carnival stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $8.56 and $9.81. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, September 15, 2022, and so far it has fallen -37.27%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.61 between high and low, or 9.27%. For the last week, the stock has had daily average volatility of 10.31%.

The Carnival stock holds several negative signals and despite the positive trend, we believe Carnival will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.