- Carnival Corporation has an average trading volume of $13.5 Million.
- Carnival Corporation’s stock price is trading at $15.21.
- CCL has a share float of 983.7 Million.
The Carnival Corporation & plc offers leisure travel services with over 90 ships that visit about 700 ports. Their cruise brands include AIDA Cruises and Carnival Cruise Line.
The share price of Carnival Corporation (NYSE: CCL) has been on an upward trend recently. Weekly, the CCL stock is consistently hitting higher highs.
In terms of financials, Carnival Corporation has shown significant revenue growth, increasing from $905 Million to $4.91 Billion. The quarterly sales growth for CCL averaged an impressive 410%.
However, it’s worth noting that Carnival Corporation’s (CCL) stock price peaked at $31.52 in June 2021, after which it started to decline. Over a span of 419 trading days, the stock price dropped by almost 80%. The CCL stock found support at the $6.41 level, experiencing a substantial 195% recovery. The stock price is approaching a resistance level and forming an ascending triangle pattern.
The overall pattern for CCL stock appears strong, raising the possibility of a breakout above the resistance level and establishing a new high.
Carnival Corporation’s stock has increased by 70.3% in the last six months, positively reflecting its price and potentially attracting interest from buyers. The price of the stock is making a strong structure.
As per the analyst reports, the target price of the CCL in the upcoming year is to grow over 23%. This will take the target price up to $18.7
Carnival Corporation (CCL): Stock Price Analysis
Carnival Corporation’s (NYSE: CCL) stock price is currently trading above both the 50-day EMA and the 100-day EMA, signalling a bullish trend with the potential for further price increases.
A green histogram and the MACD line above the signal line for CCL stock indicate strength and potential future price growth.
Additionally, the 14-day simple moving average (SMA) line and the relative strength index (RSI) line are approaching 70. This suggests a positive RSI line, indicating potential price growth in the future.
In conclusion, the CCL stock is moving in an uptrend direction. The price is forming a solid structure, and the financials of the company is vital. The indicators are also giving a positive signal. Also, the company has given a positive return in the previous year. Hence, the probability of the price rise is higher in the upcoming days.
- Support Level– $15.
- Resistance Level– $19.25.
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