Carnival Corp

CCL is in a clear downtrend with lower highs and lower lows across timeframes. The medium-term bias is bearish due to Stage 4 decline and bearish moving average alignment. Short-term conditions are neutral with no clear oversold bounce or rejection at resistance. Execution should be deferred, waiting to sell into any relief around the declining EMAs near the mid-23 to mid-24 range.

• ↑Q2 revenue $4.5B (+25% YoY) and net income $569M (+20%)
• ↑Record customer deposits of $9B support cash flow resilience
• ↓50 bps yield headwind in 2026 from new loyalty program