Carnival Corporation is a global cruise company that operates a fleet of cruise ships under various brands, including Carnival Cruise Line, Princess Cruises, and Holland America Line. They offer vacation experiences and travel services to millions of passengers worldwide.

The technical analysis of Carnival Corporation indicates that the stock is currently trending sideways. This means that the stock price has been moving within a relatively narrow range without a clear direction or trend. This sideways movement suggests a period of consolidation and indecision among market participants.

Furthermore, on a relative basis, the stock is rolling over. This indicates a relative underperformance compared to a benchmark index or its industry peers. This relative weakness suggests that the stock is facing challenges or lacks the same level of buying interest as its counterparts.

Investors should closely monitor the stock's performance and consider the implications of the sideways trend and relative underperformance. It is important to assess the potential risks associated with investing in a stock that is trending sideways and rolling over on a relative basis.