Carnival (CCL) ZACKS·2025-01-08 16:06Technical Analysis - A hammer chart pattern has formed in Carnival's (CCL) last trading session, indicating a potential trend reversal as bulls counteract bears to find support [1][2] - The hammer pattern is a technical indication of nearing a bottom with likely subsiding of selling pressure, signaling that bears might have lost control over the price [2][4] - Hammer candles can occur on any timeframe and are utilized by both short-term and long-term investors, but should be used in conjunction with other bullish indicators due to limitations [4][5] Fundamental Analysis - Wall Street analysts have shown strong agreement in raising earnings estimates for Carnival, enhancing its prospects of a trend reversal [2] - Over the last 30 days, the consensus EPS estimate for the current year has increased by 1.6%, indicating that analysts expect better earnings than previously predicted [6][7] - Carnival currently has a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 stocks ranked based on earnings estimate revisions and EPS surprises, which usually outperform the market [8]