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Carnival Corporation Stock Forecast NYSE:CCL

$17.95 (-10.96%)

Volume: 84M

Closed: Nov 26, 2021

Hollow Logo Score: -6.810

Carnival Corporation Stock Forecast

$17.95 (-10.96%)

Volume: 84M

Closed: Nov 26, 2021

Score Hollow Logo -6.810
Which way will CCL go? Request
Key Stats
P/E Ratio -2.18
Beta 1.38
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 1 and the stock is extremely oversold on RSI14, but some stocks may continue to fall despite the high chance of a correction up. The low RSI lowers the general risk and the stock should be considered if other technical requirements like liquidity and risk-reward are meet.

Carnival Corporation stock price fell more than -10.96% Friday closing at $17.95
(Updated on Nov 26, 2021)

Sell candidate since 2021-11-08 Loss -27.00%

The Carnival Corporation stock price fell by -10.96% on the last day (Friday, 26th Nov 2021) from $20.16 to $17.95. During the day the stock fluctuated 6.28% from a day low at $17.20 to a day high of $18.28. The price has fallen in 9 of the last 10 days and is down by -22.02% for this period. Volume has increased on the last day by 54 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 84 million shares were bought and sold for approximately $1.51 billion.

The stock has broken the wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($20.22) are considered to be a "second chance" to get out. According to the fan-theory $16.07 will represent the new bottom line of the next trend, but it is far too early to say this for certain.

Signals & Forecast

There are few to no technical positive signals at the moment. The Carnival Corporation stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $20.19 and $22.43. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, November 05, 2021, and so far it has fallen -27.59%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.08 between high and low, or 6.28%. For the last week, the stock has had a daily average volatility of 4.78%.

Carnival Corporation is oversold on RSI14 (1). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Carnival Corporation stock A Buy?

Carnival Corporation holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -6.810

Predicted Opening Price for Carnival Corporation of Monday, November 29, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price November 29, 2021 Current price
$17.81 $17.95 (Overvalued)
Strong Sell Candidate Downgraded

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Analyst Ratings

On Oct 25, 2021 "Citigroup" gave "$34.00 - $24.50" rating for CCL. The price target was changed from $22.29 to 0.2%.

Volatility and Risk
Daily Average Volatility: 4.78 %
Overall Risk: Very High High Medium Low Very Low
4.78 %
Daily Average Volatility
Overall Risk

Very High
Very Low

Support & Resistance

Resistance: $20.49
Price: $17.95
No Support Found

CCL Insider Trading Show all Trades



Last 100 transactions
Buy: 2 572 858 | Sell: 11 001 720 (Shares)
Date Action Amount Person Type
Jul 14, 2021 Sell 1 422 Anderson Peter C. Common Stock
Jul 14, 2021 Sell 783 Miguez Enrique Common Stock
Jul 14, 2021 Sell 11 662 Bernstein David Common Stock
Jul 14, 2021 Sell 14 757 Donald Arnold W Common Stock
Apr 20, 2021 Buy 6 804 Gearhart Jeffrey J Common Stock
Show all Insider Trades


Last 100 transactions
Buy: 2 572 858 | Sell: 11 001 720 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 18.89 5.24 %
18.48 2.94 %
18.22 1.52 %
Current price: 17.95
Support 17.40 -3.08 %
17.14 -4.50 %
16.73 -6.80 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 22.34 24.46 %
21.59 20.28 %
20.49 14.15 %
Current price 17.95
Support 0 .
0 .
0 .

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About Carnival Corporation

Carnival Carnival Corporation operates as a leisure travel and cruise company in North America, Europe, Australia, and Asia. It offers cruises under the Carnival Cruise Line, Princess Cruises, Holland America Line, and Seabourn brands in North America; and Costa, AIDA, P&O Cruises (UK), Cunard, and P&O Cruises (Australia) brands in Europe, Australia, and Asia. The company operates 99 cruise ships. It also owns Holland America Princess Alaska Tours, a tour... Read more

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