Carnival Corporation and plc (CCL) for long term
Signals
Position: long Entry price: 18.5
Target price: 28 Stop loss: 19
Indicators
RSI is very low under 25, better to wait till the price reaches the support line around 18.
Bullinger Bands and William Alligator are really opened, indicating a strong trend. So the price will probably reach the support.
ADX is really strong, indicating a strong momentum. It means that the price will lower again. Same clues from the MACD.
Conclusions
Carnival is expecting to have 42 ships back to service by the end of November, embracing a phase of operations restart. After the drop caused by the Covid-19, the company is sailing again in several destinations including the Caribbean, the Mediterranean and Northern Europe.
As the vaccine campaign goes on, older people ( the major costumers of the cruise industry) will be fully protected and will buy tickets.
In the long term the price can reach $40 but if you want to be more conservative set the target price around 28/30.
Position: long Entry price: 18.5
Target price: 28 Stop loss: 19
Indicators
RSI is very low under 25, better to wait till the price reaches the support line around 18.
Bullinger Bands and William Alligator are really opened, indicating a strong trend. So the price will probably reach the support.
ADX is really strong, indicating a strong momentum. It means that the price will lower again. Same clues from the MACD.
Conclusions
Carnival is expecting to have 42 ships back to service by the end of November, embracing a phase of operations restart. After the drop caused by the Covid-19, the company is sailing again in several destinations including the Caribbean, the Mediterranean and Northern Europe.
As the vaccine campaign goes on, older people ( the major costumers of the cruise industry) will be fully protected and will buy tickets.
In the long term the price can reach $40 but if you want to be more conservative set the target price around 28/30.
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