Carnival plc Stock Forecast
Carnival plc stock upgraded from Sell Candidate to Hold/Accumulate after Monday trading session.
(Updated on Apr 22, 2024)
The Carnival plc stock price gained 0.584% on the last trading day (Monday, 22nd Apr 2024), rising from £1,027.50 to £1,033.50. During the last trading day the stock fluctuated 2.82% from a day low at £1,027.50 to a day high of £1,056.50. The price has fallen in 6 of the last 10 days and is down by -6.72% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 174 thousand more shares were traded than the day before. In total, 445 thousand shares were bought and sold for approximately £459.49 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £1,002.37 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -4.98% during the next 3 months and, with a 90% probability hold a price between £952.40 and £1,159.17 at the end of this 3-month period.
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CCL.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 2.68%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Carnival plc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at £1,123.21. On a fall, the stock will find some support from the short-term average at £1,027.00. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Carnival plc stock
Carnival plc finds support from accumulated volume at £1,027.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £29.00 between high and low, or 2.82%. For the last week, the stock has had daily average volatility of 3.10%.
Our recommended stop-loss: £976.02 (-5.56%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (CCL.L) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Carnival plc to open at £1,039.17, and during the day (based on 14 day Average True Range), to move between £992.72 and £1,074.28, which gives a possible trading interval of +/-£40.78 (+/-3.95%) up or down from last closing price. If Carnival plc takes out the full calculated possible swing range there will be an estimated 7.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £1,027.50 (0.58%) than the resistance at £1,107.00 (7.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Carnival plc stock A Buy?
Carnival plc 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.873 Hold/Accumulate Upgraded
Predicted Opening Price for Carnival plc of Tuesday, April 23, 2024
Fair opening price April 23, 2024 | Current price |
---|---|
£1,039.17 ( 0.548%) | £1,033.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CCL.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1,068.17 | 3.35 % | |
R2 | 1,057.09 | 2.28 % | ||
R1 | 1,050.24 | 1.62 % | ||
Current price: | 1,033.50 | |||
Support | S1 | 1,028.09 | -0.524 % | |
S2 | 1,021.24 | -1.19 % | ||
S3 | 1,010.17 | -2.26 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1,236.50 | 19.64 % | |
R2 | 1,164.00 | 12.63 % | ||
R1 | 1,107.00 | 7.11 % | ||
Current price | 1,033.50 | |||
Support | S1 | 1,027.50 | -0.581% | |
S2 | 1,012.50 | -2.03% | ||
S3 | 1,006.50 | -2.61% |
CCL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 16, 2020 | Feb 20, 2020 | Mar 13, 2020 | £39.11 | 3.37% |
2 | Oct 14, 2019 | Nov 21, 2019 | Dec 13, 2019 | £38.71 | 1.17% |
3 | Sep 12, 2019 | Sep 12, 2019 | Sep 12, 2019 | £50.00 | 1.33% |
4 | Jul 11, 2019 | Aug 22, 2019 | Sep 13, 2019 | £41.56 | 1.08% |
5 | Apr 18, 2019 | May 23, 2019 | Jun 14, 2019 | £39.53 | 0.98% |
FAQ
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