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CCL - Big base break-out for Carnival Carnival is breaking out big base starting early 2022 to 2024. Recently Carnival released their earnings for their Q3 2024 (June-July-August), which is the best quarter for the industry. The company made 1.74 bln USD net income from 7.9 bln USD revenue in the quarter. For the current fiscal year, Carnival is expected to post earnings of $1.28 per share on $25.13 billion in revenues. For the next fiscal year, the company is expected to earn $1.62 per share on $26.03 billion in revenues. Citi analysts in a research note said the cruising industry is experiencing strong web traffic and positive pricing trends, particularly for bookings in 2025. They additionally raised Carnival's price target to $28 from $25 In terms of valuation, the stock currently trades at 15.8X current fiscal year EPS estimates, while peer industry average is 17.8X
NYSE:CCLLong
by murat_cal
RCL may set up a fall from a rising wedge SHORTRCL took a bit of time to recover from COVID but has now done well. The dialy chart reflects this. Last year price rose in the winder and spring then fell when the summer ended and reversed upside in November. Ir is now in a rising wedge and price is at the upper trendline. It is confluent with the second upper VWAP band line suggesting not much room upside as that line is providing dynamic resistance. The predictive algorithm from Lux Algo designed to forward forecast from a lookback of the regression line to the left predicts a fall from the ascending resistance trendline and the underside of that VWAP line. I will short RCL here and entertain a hedged options trade to insure the short trade. I have shown a peer stock NCLH from the cruise industry. It has not done as well as RCL. If RCL starts falling significantly some traders may move their capital to NCLH and help it rise. I will put NCLH on my watch list along with UAL, AAL, LUV, DAL and LUV as the summer travel season will be underway in another sixty days and trader interest may rise with accumulation and price action to follow.
NYSE:RCLLong
by AwesomeAvani
NCLH looking great for a LEAPThis is not financial advice. Cruise lines took a huge hit during COVID. I have a price target of $20.64-$30 on this cruise line. Even with some pull back the ticker appears to have quite a bit of support at the 200 day ema on the 1day time frame. The fact that this is extremely oversold looking at the RSI poises a great opportunity for a run long term to the upside. I am going light on this one, with the anticipation of a decent earnings report on November 1st and increase of travel demand. If we fall below $15.30 on this ticker we can definitely assume bearish activity to a price target of $14.50. ***Disclaimer: This is not financial advice. This is for personal investment and educational purposes only. I am not a financial advisor. I cannot tell you what to buy or sell. All investments have risks, and it is important to conduct your own due diligence while practicing risk management.***
NYSE:NCLHLong
by rogers1906
Where Carnival Cruise Line stands with the Delta VariantWith the increase in cases for the delta variant to coronavirus, the question remains: will certain industries suffer again and will their stocks fall? In the case of Carnival Cruise Lines (one of the larger cruise lines by market cap) my prediction, short and sweet is yes, yes their stock seems poised to fall. Looking at the 5 year chart for $CCL NYSE:CCL and zooming out we can see that in the last 15 months, the trend for the stock price has begun to form a channel up pattern, which generally has a bearish breakdown once it moves past the supporting price (bottom line). What is an event that could be enough to have $CCL break the support on this channel up? The fear mongering, uncertainty and future mandates that may arise with the delta variant Is this the time to buy the dip? For investors that are bullish for future cruise lines rebounding, your dip buying entry is close, but we are not there yet in the case of $CCL. While the candles have moved below the 20, 50, 100 and even 200 EMA (generally a good time to buy a dip), the MACD indicator at the bottom is still right around the y axis (yellow square). In my opinion, the best time to enter for a long term hold in this scenario would be if the candlesticks above fell through the support and broke down, and the MACD indicator in the yellow square fell far below the y axis of the MACD histogram.
NYSE:CCLShort
by investing_buddy
3
IDEA - NO POSITION $CCL Target 29.83 for 15.77% $CCL Target 29.83 for 15.77% Or next add level is at 21.97 Right now I am not holding this... but I'm going to say short, since I am eyeballing the 21.97 level for entry... Anything can happen and its definitely possible to hit the target from here... Will update if I take a postion... — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. I start every position with 1% of my account and build from there as needed and as possible. I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading.
NYSE:CCLShort
by SPYder_QQQueen_Trading
3