Carnival stock: buy or sell

CCL stock price: $27.32 -2.22% At close on Apr 15th, 2021

Updated on:
Apr 16th, 2021

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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

Carnival analysts' ratings - Last month
Brokerage firmRating
Mar 18th, 2021
Bank of America NeutralStrong buy
UBS Group NeutralStrong buy
Mar 22nd, 2021
JPMorgan Chase & Co. Neutral
Mar 24th, 2021
UBS Group NeutralStrong buy
Apr 1st, 2021
Citigroup Strong buy
Apr 8th, 2021
Deutsche Bank Aktiengesellschaft Neutral
Stifel Nicolaus Strong buy
Apr 9th, 2021
Argus NeutralStrong buy
Credit Suisse Group NeutralBuy
Apr 15th, 2021
Argus NeutralStrong buy
Credit Suisse Group NeutralBuy

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

CCL stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $27.40 (0.29% above)
  • R2: $27.53 (0.77% above)
  • R3: $27.94 (2.27% above)
  • The current supports are:

  • S1: $27.29 (-0.11% below)
  • S2: $27.04 (-1.02% below)
  • S3: $26.95 (-1.35% below)
  • Bollinger bands

    CCL stock Bollinger Bands chart

    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

    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. 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

    CCL stock price history chart

    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).

    Carnival stock price predictions
    Brokerage firmPrice 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

    CCL performance compared
    Company1m3m6m
    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 only

    Carnival 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 dateJune 17th, 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 11 ratings in the last 30 days: 9 bullish, 0 bearish and 2 neutral.

    Will CCL go up?

    Carnival had different price forecasts published by analysts in the last month forecasting the target price to $35.91. That is a 31.44% than the current price ($27.32).

    Latest Carnival news