spot_img
spot_img
spot_img
ThecoinrepublicStockCarnival Stock Price Prediction: Does CCL Have...
google-news-img

Trending

Hamster

Hamster

notco

Notcoin

mogutou

Mogutou

Premium Partners

immerion
spot_img

Carnival Stock Price Prediction: Does CCL Have Potential For $30?

spot_img

Carnival has been experiencing a decline in its earnings at a rate of -45.7% per year on average, according to a financial website called Simply Wall St. The Hospitality industry’s average annual earnings growth is 18.4%. Therefore, CCL earnings are much lower than the industry average.

Carnival has a debt-to-equity ratio of 575.5%, as reported by Simply Wall St. This implies that it has more debt than equity, which forms the difference between its total assets of $51.87 Billion and total liabilities of $46.01 Billion. Carnival’s debt is $33.75 Billion, while its equity is $5.87 Billion.

The market capitalization of Carnival stock is $22.614 Billion and the total revenue is $12.168 Billion. Moreover, the stock’s basic EPS is negative $2.79 and the price-to-earnings ratio is negative 6.6. Moreover, the average volume is 34.417 Million and the current volume is 29.955 Million where the current volume is below average volume.

Moreover, Carnival stock has not done well in the last month, decreasing by 4.14% and surging by 46.43% in the last six months. Carnival Corporation (NYSE: CCL) stock has a positive year-to-date return of 118.93% and a positive one-year return of 89.30%.

Technical Analysis of Carnival Stock Stock Price in 1-D Timeframe

The price action shows that Carnival Corporation’s ( NYSE: CCL) stock price has been on an inclining trend for the last three months, increasing by 71.97% making higher highs and higher lows and rising. At the time of writing, CCL stock took support on support of $17.03 and trading around $18.04. 

Therefore, if it maintains the current level, the CCL price could continue to move upward and reach the first and second targets of $19.54 and $21.01. However, if the CCL price fails to sustain the current level and drops, it might hit the nearest support levels of $17.03 and $16.14.

Carnival Stock Price Prediction: Does CCL Have Potential For $30?
Source: CCL.1D.NYSE by TradingView

At the time of publishing, Carnival Corporation (NYSE: CCL) is trading above the 20, 50, 100, and 200-day EMA (exponential moving averages), which support the CCL price trend. Hence, the CCL price is expected to move upwards showing bullish views over the daily time frame chart.

Carnival Stock Price Prediction: Does CCL Have Potential For $30?
Source: CCL.1D.NYSE by TradingView

The current value of RSI is 55.17 points. The 14 SMA is above the median line at 56.64 points which indicates that Carnival stock is bullish as the RSI is about to cross 14 SMA and also above the neutral line indicating the price is headed for overbought territory.

The MACD line at 0.3572 and signal line at 0.5635 are above the zero line and both lines have narrowed on in each other. A bullish crossover is anticipated next in the MACD oscillator which might signal more bullishness for the Carnival stock price.

Summary

Carnival Corporation (NYSE: CCL) indicates that the investors and traders of the stock price are bullish on the 1-D time frame. The price action reflects a bullish outlook at the time of publishing. The technical analysis tools of the Carnival stock price also support the bullish trend. The MACD, RSI, and EMA highlight positive signals and imply that the uptrend may continue in Carnival’s stock price.

Technical Levels

  • Support levels: The nearest support levels for Carnival’s stock price are $17.03 and $16.14.
  • Resistance levels: The nearest resistance levels for Carnival stock price are $19.54 and $21.01.

Disclaimer

The contents of this page are intended for general informational purposes and do not constitute financial, investment, or any other form of advice. Investing in or trading crypto assets carries the risk of financial loss. The forecasted data (also called “price prediction”) on this page are subject to change without notice and are not guaranteed to be accurate.

Our Newsletter

Subscribe to our newsletter to get the latest news and promotions.

Ahtesham Anis
Ahtesham Anis
Ahtesham Anis is a Computer Science undergrad student currently based out of India. Coming from the business background and his keen interest in Cryptocurrency and Blockchain technology is what Ahtesham brings to the table. He is always an eager learner when it comes to exploring the new technologies and topics in the crypto world.
spot_img
spot_img

Related News

Negative Revenue Leading to Decline; BTBT Stock Lost 40% 
Adarsh Singh

BTBT (NASDAQ: BTBT) Made a Bottom, Will It Trigger a Pullback?

The Block Stock (NYSE: SQ) Hints Rejection; Will It Retest $50?|
Ritika Sharma
Marathon Digital Stock Price||
Andrew Smith
HOOD (NASDAQ: HOOD) Hovers Near $10
Adarsh Singh
AMD (NASDAQ: AMD) Flips from Top Amid Robust Q4 Earning Results||
Nancy J. Allen
HUT (NASDAQ: HUT) Displays Breakdown
Ahtesham Anis
spot_img