Carnival stock: buy or sell
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
| Brokerage firm | Rating |
|---|---|
| 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 | Neutral → Neutral |
Carnival stock analysis
SMAs overview
Supports and resistances
The current resistance levels are:
The current support levels are:
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
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%
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
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).
| Brokerage firm | Price 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 $0.00 that was reported for Q4.
Carnival performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Carnival ($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 onlyCarnival 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 date | March 18th, 2021 |
Frequently asked questions
What is Carnival stock symbol?
Is Carnival stock a buy or sell?
Will CCL go up?
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