Carnival stock: buy or sell
Updated on:
Apr 16th, 2021
2
Carnival stock brief
- Carnival stock fell -2.22% to close at $27.32 on the stock market on Thursday.
- From the chart point view, price is drawing a scaled uptrend since October 2020 with higher tops and higher bottoms. Up to date, the uptrend made a 125.60% profit since the beginning of this rally
- Argus and Credit Suisse Group posted bullish ratings for Carnival on Thursday, with an average forecast of $36.50
- Carnival presented its earnings report on April 7
- Carnival Corporation & plc operates as a leisure travel company.
Should I buy Carnival stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. 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 is it time to sell Carnival stock?. Trading strategies give us the ability us to avoid rash decisions based on our feelings or the noise surrounding the market. When selling, as well as buying, our strategies are very easy to use but are only applicable for selling stocks you already own, not for shorting Carnival stock
As a rule of thumb, you should never keep a trade that leads to greater losses than those expected upon the buy. The moment to sell your stock should always be ruled by the stop-loss (automatic or manual)
Is it time to sell Carnival stock?
Currently, Carnival stock doesn't match any of our preferred sell setups, so if you hold Carnival stock and your operation is in profit probably is not time to sell now
Carnival ratings
In the last 30 days, 11 ratings were published for Carnival. General sentiment is bullish, with 9 out of 11 posting positive forecasts
| Brokerage firm | Rating |
|---|---|
| Mar 18th, 2021 | |
| Bank of America | Neutral → |
| UBS Group | Neutral → |
| Mar 22nd, 2021 | |
| JPMorgan Chase & Co. | Neutral |
| Mar 24th, 2021 | |
| UBS Group | Neutral → |
| Apr 1st, 2021 | |
| Citigroup | |
| Apr 8th, 2021 | |
| Deutsche Bank Aktiengesellschaft | Neutral |
| Stifel Nicolaus | |
| Apr 9th, 2021 | |
| Argus | Neutral → |
| Credit Suisse Group | Neutral → Buy |
| Apr 15th, 2021 | |
| Argus | Neutral → |
| Credit Suisse Group | Neutral → Buy |
Carnival stock analysis
Since in October 2020, Carnival has been printing an uptrend that by now marked an amazing 125.60%. The chart shows higher highs and higher troughs, and along the way provided some buy points for those who wanted to invest. Latest pullback was in late March, when price bounced at $23.72. Now, it moves in a consolidation between its last top ($30.63) and its last bottom ($23.72)
SMAs overview
Supports and resistances
The current resistances are:
The current supports are:
Bollinger bands
Relative strength index
The RSI dropped below the overbought level of 70 in early March after just crossing to the overbough zone for 1 day (weak signal). The RSI value on Thursday was 50.7. Carnival stock tanked a 4.71% since then
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. If you had invested thousand dollars in Carnival stock at that time, it would worth $inf today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Carnival stock
Nobody can predict how much a stock will be priced tomorrow. However, many stock price forecasts are issued every day by banks, financial institutions and independent analysts.
The following table shows the price predictions released by brokerage institutions in the last month. Again, these predictions are not direct recommendations for individual investors and should not be followed blindly.
Averaging all price targets exposed below, the predicted price for Carnival stock is $35.91. That is a 31.44% than the last price ($27.32).
| Brokerage firm | Price target |
|---|---|
| Mar 18th, 2021 | |
| Bank of America | $42.00 |
| UBS Group | $20.00 → $42.00 |
| Mar 22nd, 2021 | |
| JPMorgan Chase & Co. | $23.00 → $33.00 |
| Mar 24th, 2021 | |
| UBS Group | $20.00 → $42.00 |
| Apr 1st, 2021 | |
| Citigroup | $30.00 |
| Apr 8th, 2021 | |
| Deutsche Bank Aktiengesellschaft | $16.00 → $25.00 |
| Stifel Nicolaus | $30.00 → $35.00 |
| Apr 9th, 2021 | |
| Argus | $33.00 |
| Credit Suisse Group | $18.00 → $40.00 |
| Apr 15th, 2021 | |
| Argus | $33.00 |
| Credit Suisse Group | $18.00 → $40.00 |
Earnings and financials
Carnival ($CCL) hosted the quarterly financial call and released the report on April 7. Carnival missed consensus earnings estimates and reported of $-1.79, that is a -16.23% lower than the previous forecasts of $-1.54. In line, reported sales were $26.0 million compared to estimates of $197.3 million.
Compared to the same quarter one year ago, EPS was $0.22, so posted EPS means a loss of -913.64%. Revenue collapsed a -99.46% on an annualized basis in the , from $47.9B to $260.0M last quarter.Carnival ($CCL) will host the earnings call next June. Forecasted for this quarter is $-1.53, compared to $-1.79 that was reported for Q1.
Carnival performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Carnival ($CCL) | -2.90% | 33.50% | 90.60% |
Please read:
The thoughts published in this post are personal and not recommendations for you to buy or sell shares. The author of this article does not know the specific scenarios of the reader, his or her finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are expressed for educative motives onlyCarnival summary
| Thursday, April 15th, 2021 | |
|---|---|
| Open | $28.18 |
| Close | $27.32 |
| Day range | $27.12 - $28.2 |
| Previous close | $27.94 |
| Session gain | -2.22% |
| Average true range | $1.54 |
| 50d mov avg | $25.96 |
| 100d mov avg | $23.30 |
| 200d mov avg | $19.28 |
| Earnings date | June 17th, 2021 |
Frequently asked questions
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Latest Carnival news
- InvestorPlaceIt’s Time to Join the Bulls as They Board Carnival StockNov 19, 2020
- InvestorPlaceWhy Carnival Is Still Stuck on the List of Stocks to AvoidNov 19, 2020