In today’s Daily Stock Report, the focus is on Carnival Corp (CCL). CCL initially entered the Favored Zone of the SIA S&P 500 Index Report on May 12, 2025, at a price of $22.13 and currently remains in the Favored Zone at the 46th position. The shares did briefly dip into the yellow Neutral Zone but did not re-enter the red Unfavored Zone, indicating relative resilience versus the broader S&P 500 Index.
Yesterday, the shares closed at $32.20, representing a 45% price increase from the time CCL entered the Favored Zone. This performance benefited advisors who chose to hold the name while it resided in the green and yellow zones, as the shares never declined back into the red Unfavored Zone. This approach can be practical for advisors seeking a less tactical strategy, focused on avoiding unfavored names while holding favored and neutral names to help limit portfolio turnover.
Currently, the shares are up 142 spots over the past month, with returns of 35.46% over the last six months. Over the same six-month period, the S&P 500 Index is up 15.26%. This relative outperformance highlights the effectiveness of SIA’s methodology of remaining invested in stronger names when possible while avoiding laggards that typically reside in the red Unfavored Zone.
Turning to the candlestick chart and a daily view over the past year, a positive trend is evident since early April, when the shares bottomed near the $15.00 level. A sustained uptrend followed, with the shares peaking just under $33.00 in September. From that point, the shares retraced to approximately $25.00 in late November, while still holding above the $22.13 level at which they initially entered the Favored Zone.
More recently, bullish momentum has reasserted itself, with the current price challenging the prior high near $33.00. The second most recent bullish candle on December 19, when the shares closed at $31.00, coincided with the company’s latest earnings release. Carnival reported record full-year adjusted net income, investment-grade leverage metrics, and the reinstatement of its dividend, developments that were well received by the market. Going forward, attention will be focused on whether the shares can break above resistance at the recent high just under $33.00.
With the shares at a pivotal point in the chart trend, the Point and Figure (P&F) chart at a 1% scale is reviewed to identify key support and resistance levels. Analyzing the most recent price action since the beginning of the year shows wide swings in the chart pattern, with a very strong uptrend from April through September. This was followed by a sharp downtrend from September to November, retracing approximately one third of the gains achieved since April.
More recently, bullish momentum has reasserted itself, with a strong rising column of 25 Xs forming during the current month. Near-term resistance is approaching at the $32.64 level, where the shares previously stalled on two occasions in September. A breakout above this level would establish a higher high, with subsequent resistance targets at $33.96 and then $34.65, based on measured move projections.
On the downside, initial support is located at the 3-box reversal level of $30.75, which closely aligns with the $30.00 round-number support level. Below that, additional support is identified in the $28.11 to $28.39 range. CCL currently displays a bullish Spread Double Top pattern and holds a SMAX score of 8 out of 10, reflecting strong short-term performance relative to other asset classes.
Carnival Corp (CCL) is a dual-listed company, with the Panama-incorporated, U.S.-headquartered Carnival Corporation and the UK-based Carnival plc operating as a single economic entity. Carnival Corporation is listed on the New York Stock Exchange, while Carnival plc is listed on the London Stock Exchange, with an ADR listing on the NYSE. The company operates nine cruise line brands and one cruise experience brand, managing a combined fleet of 91 ships, and continues to expand its partnership in China through the Adora Cruises brand, formerly CSSC Carnival Cruise Shipping.
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