Carnival (CCL) stock has been a disappointment for investors in 2026, but the derivatives market believes some recovery is likely after earnings on Sept. 29. Heading into the quarterly print, CCL’s relative strength index (RSI) sits in the mid-30s, indicating the stock is now approaching oversold territory.
Carnival shares have been in a major downtrend since the start of 2026, currently down about 25% year-to-date.