Carnival stock: buy or sell

CCL stock price: $18.72 -2.60% At close on Jan 26th, 2021

Updated on:
Jan 27th, 2021

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Carnival stock brief

  • Counting on Tuesday, it's been 5 consecutive sessions in negative for Carnival. Price closed on Tuesday at $18.72 after collapsing a -2.60%.
  • The price is currently under the lower Bollinger band, which usually indicates a short-term bounce that you should not try to trade
  • HSBC published a hold rating for Carnival on Tuesday, targeting $15.30
  • Carnival Corporation & Plc operates as a leisure travel company.

Should I buy Carnival stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $CCL stock a buy?

Currently, Carnival stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $CCL will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Carnival stock?

When you are a novel trader and you own stock shares with some profit, it's really hard to decide the best moment to sell and get your benefits. Like when we have to buy shares, choosing when is appropiate to sell is not a haphazard decision, and we must adhere our own trading style. When selling, as well as buying, detailed setups are very easy to follow but are only valid for selling shares you already own, not for shorting Carnival stock

A golden rule is that you must never keep a trade that leads to losses greater than those expected upon purchase. The timing to sell your stock always has to be dictated by the stop-loss (automatic or manual)

Is it time to sell Carnival stock?

In the current situation of Carnival there is not any eligible sell setup, so Carnival stock holders with operations in green can keep their positions

Price lost SMA50 level

Carnival shares were above the 50-d MA for a month and during this time gained 34.04%. Last Friday, price broke down the 50-d MA in a sign that the previous uptrend may have ended. For medium-term investors who profited from the gains during the time the price was over the average, this signal should be a wake-up call and a trigger to sell the stock and cash in on their gains

Carnival ratings

In the last 30 days, 5 ratings were published for Carnival

Carnival analysts' ratings - Last 30 days
Brokerage firmRating
Jan 8th, 2021
Morgan Stanley Sell
Jan 12th, 2021
Credit Suisse Group Neutral
Deutsche Bank Aktiengesellschaft Neutral
Jan 22nd, 2021
Truist Neutral
Jan 26th, 2021
HSBC NeutralNeutral

Carnival stock analysis

SMAs overview

CCL stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $18.92 (1.07% above)
  • R2: $19.07 (1.87% above)
  • R3: $20.05 (7.10% above)
  • The current support levels are:

  • S1: $17.76 (-5.13% below)
  • S2: $17.56 (-6.20% below)
  • S3: $16.83 (-10.10% below)
  • Bollinger bands

    Price readings both above or below the Bollinger Bands tell us that the price has has trended strongly to extreme highs or lows. In this case, the price is beneath the upper band, which should mean a possible near-term bounce (at least) until it is back above the band

    CCL stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 in early December after just crossing to the overbough zone for 1 day (weak signal). The RSI reading on Tuesday was 35.73. Since that level was lost, Carnival stock dropped a 20.17%

    CCL stock RSI chart

    Carnival stock price history

    Carnival started trading priced at an adjusted price1 of $0.00 on Jul 1987. Since then, CCL stock has risen by -, with an average of 0.00% per year. An investment of thousand dollars on Jul 1987 would worth $inf nowadays.

    1: Adjusted price after possible price splits or reverse-splits

    CCL stock price history chart

    Price target for Carnival stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations publish their analysis forecasting how a stock will performance in the future.

    Along with buy or sell recommendations, brokerage institutions post their price target based on the stock price action and the company fundamental data. Most of these estimates follow the publication of new fundamental information by the company, and many times. If you are a small trader you shouldn't buy or sell based on these forecasts.

    Averaging all price targets exposed below, the estimated price for Carnival stock is $15.46. That is a 17.41% than the last price ($18.72).

    Carnival stock price predictions
    Brokerage firmPrice target
    Jan 8th, 2021
    Morgan Stanley $10.00$14.00
    Jan 12th, 2021
    Credit Suisse Group $15.00$18.00
    Deutsche Bank Aktiengesellschaft $13.00$16.00
    Jan 22nd, 2021
    Truist $11.00$14.00
    Jan 26th, 2021
    HSBC $15.30

    Earnings and financials

    On January 11, Carnival ($CCL) hosted the earnings call and presented the report.

    By comparison, the EPS for the same quarter last year was $0.22, so current EPS means -100.00%. Sales collapsed a -99.35% on an annualized basis in the , from $47.8B to $310.0M last quarter.

    Carnival ($CCL) is hosting the quarterly earnings call next March. Estimated for this quarter is $-1.86, compared to $0.00 that was reported for Q4.

    Carnival performance

    CCL performance compared
    Company1m3m6m
    Carnival ($CCL) -10.80% 26.90% 35.60%

    Important note:
    The comments contained in this post are personal and not recommendations for you to buy or sell stocks. The author of this text does not have an understanding of the particular circumstances of the reader, his or her own finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are provided for general educational reasons only

    Carnival summary

    Tuesday, January 26th, 2021
    Open$19.4
    Close$18.72
    Day range$18.62 - $19.51
    Previous close$19.22
    Session gain-2.60%
    Average true range$0.94
    50d mov avg$20.49
    100d mov avg$17.86
    200d mov avg$16.62
    Earnings dateMarch 18th, 2021

    Frequently asked questions

    What is Carnival stock symbol?

    Carnival Corporation & Plc is a public company trading in the US stock market with the CCL symbol

    Is Carnival stock a buy or sell?

    Carnival received 5 ratings in the last 30 days: 0 bullish, 1 bearish and 4 neutral.

    Will CCL go up?

    Carnival had different price forecasts issued by analysts in the last month setting the target price to $15.46. That is a 17.41% than the last price ($18.72).

    Latest Carnival news