-2.88% Shift in CCL Stock Points to Emerging bearish Momentum on Jan 31, 2025
Date: Jan 31, 2025 (Friday)
open : $28.53
close : $27.67
low : $27.60
high : $28.72
previous close: $28.49
Also check: Tool to spot which candlestick has formed
On Jan 31, 2025 (Friday), CARNIVAL CORPORATION & PLC (CCL) in the Consumer Cyclical sector showed bearish momentum of -2.88% relative to previous day's close. The stock belongs to the Travel Services industry within the Consumer Cyclical sector.
At the opening bell, the stock started with a minor gap up at $28.53, compared to the previous close of $28.49 (a minor gap up of 0.14%).
CARNIVAL CORPORATION & PLC which is a Large-Cap stock with market cap of 37.407B hit a high of $28.72 and a low of $27.60, creating a trading range of $1.12. The price movement for the day was -3.01% lower than the opening price.
During the day's session, the CARNIVAL CORPORATION & PLC experienced a substantial drop in trading activity, trading 14,683,593 shares, which is 30.04% lower than the average of 20,988,693 shares, like a sharp decrease in volume compared to its usual levels. This decline indicates reduced market participation or a lack of significant news to drive interest.
The stock showed moderate volatility (4.05%) with movement between $27.60 and $28.72.
If we look at the last 30 days daily chart, the stock has been in an uptrend, but today's close < open forms a bearish candle, going against the trend and hinting at selling pressure or potential weakness in the uptrend.
Disclaimer: This analysis is provided solely for educational purposes and does not include any recommendations. For any financial decisions, it’s advised to consult with your financial advisor.