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AI Analysis of CCL-B.TO
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Green day on Wednesday for CCL Industries Inc. Class B
(Updated on May 22, 2024)

Buy or Hold candidate since Apr 18, 2024 Gain 0.75% PDF

The CCL Industries Inc. Class B stock price gained 0.323% on the last trading day (Wednesday, 22nd May 2024), rising from $71.12 to $71.35. During the last trading day the stock fluctuated 2.00% from a day low at $70.52 to a day high of $71.93. The price has risen in 6 of the last 10 days but is still down by -1.4% for this period. Volume fell on the last day by -92 thousand shares and in total, 133 thousand shares were bought and sold for approximately $9.51 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect CCL Industries Inc. Class B stock with a 90% probability to be traded between $69.14 and $75.80 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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CCL-B.TO Signals & Forecast

A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -2.41%. 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). Some positive signals were issued as well, and these may have some influence on the near short-term development. The CCL Industries Inc. Class B stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $71.86. On a fall, the stock will find some support from the long-term average at approximately $70.58. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for CCL Industries Inc. Class B stock

CCL Industries Inc. Class B finds support from accumulated volume at $70.82 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.41 between high and low, or 2.00%. For the last week the stock has had daily average volatility of 1.72%.

Our recommended stop-loss: $67.90 (-4.84%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 49 days ago.)

Trading Expectations (CCL-B.TO) For The Upcoming Trading Day Of Thursday 23rd

For the upcoming trading day on Thursday, 23rd we expect CCL Industries Inc. Class B to open at $71.27, and during the day (based on 14 day Average True Range), to move between $69.97 and $72.73, which gives a possible trading interval of +/-$1.38 (+/-1.93%) up or down from last closing price. If CCL Industries Inc. Class B takes out the full calculated possible swing range there will be an estimated 3.86% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $71.49 (0.20%) than the support at $70.82 (0.74%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is CCL Industries Inc. Class B stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 1.160 Buy Candidate Unchanged

Predicted Opening Price for CCL Industries Inc. Class B of Thursday, May 23, 2024

Fair opening price May 23, 2024 Current price
$71.27 ( 0.117%) $71.35

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

Trading levels for CCL-B.TO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 72.68 1.86 %
R2 72.14 1.10 %
R1 71.81 0.638 %
Current price: 71.35
Support S1 70.73 -0.87 %
S2 70.40 -1.34 %
S3 69.86 -2.09 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 72.96 2.26 %
R2 71.57 0.308 %
R1 71.49 0.196 %
Current price 71.35
Support S1 70.82 -0.743%
S2 70.04 -1.84%
S3 69.15 -3.08%

CCL-B Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 14, 2024 Jun 14, 2024 Jun 28, 2024 $0 0%
2 Mar 14, 2024 Mar 14, 2024 Mar 28, 2024 $0 0%
3 Dec 14, 2023 Dec 14, 2023 Dec 29, 2023 $0 0%
4 Jun 15, 2023 Jun 15, 2023 Jun 30, 2023 $0.265 0.407%
5 Mar 16, 2023 Mar 16, 2023 Mar 31, 2023 $0.265 0.395%

FAQ

What is the symbol for CCL Industries Inc. Class B Stock and on which exchange is it traded?
The symbol for CCL Industries Inc. Class B is CCL-B.TO and it is traded on the TSX (Toronto Stock Exchange).

Should I buy or sell CCL Industries Inc. Class B Stock?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

How to buy CCL Industries Inc. Class B Stock?
CCL Industries Inc. Class B Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy CCL Industries Inc. Class B Stock.

What's the current price of CCL Industries Inc. Class B Stock?
As of the end of day on the May 22, 2024, the price of an CCL Industries Inc. Class B (CCL-B.TO) share was $71.35.

What is the 52-week high and low for CCL Industries Inc. Class B Stock?
The 52-week high for CCL Industries Inc. Class B Stock is $74.49 and the 52-week low is $52.82.

What is the market capitalization of CCL Industries Inc. Class B Stock?
As of the May 22, 2024, the market capitalization of CCL Industries Inc. Class B is 12.762B.

When is the next earnings date for CCL Industries Inc. Class B?
The upcoming earnings date for CCL Industries Inc. Class B is Aug 07, 2024.
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About CCL Industries Inc. Class B

CCL Industries. Class B Carnival Corporation & plc operates as a leisure travel company. Its ships visit approximately 700 ports under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa Cruises, AIDA Cruises, P&O Cruises (UK), and Cunard brand names. The company also provides port destinations and other services, as well as owns and owns and operates hotels, lodges, glass-domed railcars, and motor coaches. It sells... CCL-B.TO Profile

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