The stock of Carnival Corporation & Plc (NYSE:CUK) is now priced at $11.18 and the shares are 0.55 points up or 5.17% higher compared to its previous closing price of $10.63. The stock had 1.451 million contracts set over the past session. CUK shares’ daily volume is compared to its average trading volume at 2.09 million shares. However, it has a float of 230 million and although its performance was -4.44% over the week, it’s one to watch. It means the stock’s downside potential is -100% with the CUK share price recently placing at $10.61 to $11.31. However, some brokerage firms have priced the stock below the average, including one that has called $9.93.

The shorts are running away from the Carnival Corporation & Plc stock, with the latest data on short interest released on July 31, 2020, showing that short interest numbers in the CUK shares have declined. Short interest in the stock represents just 1.01% of its float, but the volume has dropped by 0. The average intraday trading volume has been shares, which means that days to cover moved to roughly.

In the last trading session, Carnival Corporation & Plc (NYSE:CUK) dropped by -$0.52 over the week and lost -$0.91 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $49.03. The stock recorded its established 52-week high on 01/17/20.

Since 03/18/20, the stock has traded to a low of $7.08 at 57.91%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of 1.85. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.

Looking at current readings, Carnival Corporation & Plc’s two-week RSI is 40.45. This suggests that the stock is neutral at the moment and that CUK shares’ price movement remains stable. The stochastic readings are equally revealing at 12.93% meaning the CUK share price is currently in overbought territory.

The technical chart shows that the CUK stock will likely settle at between $11.46 and $11.73 per share. However, if the stock dips below $10.76, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $10.33.

Currently, the stock is trading in the red of MACD, with a reading of -0.58. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.

Analysts at Berenberg raised their recommendation for CUK from Sell to Hold in July 29 review. Morgan Stanley analysts see the stock as a Underweight with a target price of $ in a flash note released to investors on June 03 initiating covering the stock. UBS seeing the stock struggling downgraded it from Buy to Neutral on September 30.

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