Carnival Corporation Stock Forecast
Carnival Corporation stock price down 2.26% on Tuesday
(Updated on Apr 30, 2024)
The Carnival Corporation stock price fell by -2.26% on the last day (Tuesday, 30th Apr 2024) from $13.71 to $13.40. During the last trading day the stock fluctuated 2.09% from a day low at $13.40 to a day high of $13.68. The price has risen in 7 of the last 10 days and is up by 6.69% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -193 thousand shares and in total, 1 million shares were bought and sold for approximately $18.59 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -6.94% during the next 3 months and, with a 90% probability hold a price between $11.52 and $14.14 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
CUK Signals & Forecast
There are mixed signals in the stock today. 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 $13.48 and $14.04. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 6.69%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Carnival Corporation stock
Carnival Corporation finds support from accumulated volume at $12.96 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.280 between high and low, or 2.09%. For the last week, the stock has had daily average volatility of 2.23%.
Our recommended stop-loss: $12.77 (-4.70%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (CUK) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Carnival Corporation to open at $13.49, and during the day (based on 14 day Average True Range), to move between $12.97 and $13.83, which gives a possible trading interval of +/-$0.428 (+/-3.20%) up or down from last closing price. If Carnival Corporation takes out the full calculated possible swing range there will be an estimated 6.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $13.49 (0.67%) than the support at $12.96 (3.28%), 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 Carnival Corporation stock A Buy?
Carnival Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.148 Hold/Accumulate Unchanged
Predicted Opening Price for Carnival Corporation of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $13.49 ( 0.696%) | $13.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CUK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.77 | 2.79 % | |
| R2 | 13.67 | 1.99 % | ||
| R1 | 13.60 | 1.49 % | ||
| Current price: | 13.40 | |||
| Support | S1 | 13.39 | -0.102 % | |
| S2 | 13.32 | -0.595 % | ||
| S3 | 13.21 | -1.39 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.62 | 16.57 % | |
| R2 | 14.62 | 9.10 % | ||
| R1 | 13.49 | 0.672 % | ||
| Current price | 13.40 | |||
| Support | S1 | 12.96 | -3.28% | |
| S2 | 12.76 | -4.78% | ||
| S3 | 12.72 | -5.07% |
CUK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 17, 2020 | Feb 20, 2020 | Mar 13, 2020 | $0.500 | 3.04% |
| 2 | Jan 01, 1900 | Nov 21, 2019 | Dec 13, 2019 | $0.500 | 1.12% |
| 3 | Jul 11, 2019 | Aug 22, 2019 | Sep 13, 2019 | $0.500 | 1.03% |
| 4 | Apr 19, 2019 | May 23, 2019 | Jun 14, 2019 | $0.500 | 0.97% |
| 5 | Jan 17, 2019 | Feb 21, 2019 | Mar 15, 2019 | $0.500 | 0.90% |
FAQ
Click here for our free guide on how to buy Carnival Corporation Stock.
