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Carnival

This looks badThe Carnival Corp. is in the focus of many investors and traders. This can be seen in the significant increase in volume since 2020. The idea of the most behind it, is very simple. The stock was significantly punished by the Covid 19 pandemic and "must" rise again when Corona is over. Basically not a bad idea... BUT... Investors should rethink their idea, because nobody expected it to take so long to fight the virus. Although it is foreseeable that the virus will be less present, this does not immediately mean that the "ships will resume full speed". If you also look at the chart from the perspective of technical analysis, it becomes clear that the rise in 2020 is only a correction of the downward movement. It also shows that Carnival Corp. was already in a downward trend before Corona. Investors should therefore pay attention. For me, this stock is only an alternative again if there is a clear rise with massive volume and at the same time a breakout out of the channel. Going by volume, the market considers the stock to be fairly valued at around $15. CAUTION!
NYSE:CCL
by Ichimoku-Trading
Carnival Cruise Line - "Megaphones"Currently, I'm still looking for the best price to enter a long-term investment. The technical analysis gives a hint that it possible for CCL to recover. We can see a potential Golden cross on the daily time-frame and a Broadening Wedge Patterns or "Megaphones" on the weekly. Sooner or later, the business and tourism will be back to normal. Carnival will be on my watchlist for a long-term investment. Here's below the "Megaphones" Catalyst: - Golden Cross - Megaphones
NYSE:CCLLong
by GoldCartel
1
Carnival Stock Analysis with Technical AnalysisBased on Technical Analysis the best option would be to hold for now, before going long. NYSE:CCL Fundamental Analysis Cruise ship stocks gave back some of their recent gains on Thursday, as surging COVID-19 case counts threaten to delay the beleaguered industry's recovery. By the close of trading, shares of Carnival (NYSE:CCL) (NYSE:CUK), Royal Caribbean (NYSE:RCL), and Norwegian Cruise Line Holdings (NASDAQ:NCLH) were down 7.8%, 3.9%, and 3.4%, respectively. Cruise ship stocks surged on Monday after Pfizer and BioNTech said their experimental coronavirus vaccine could be more than 90% effective at preventing COVID-19. A safe and highly effective vaccine would be a boon for cruise ship operators, who have suffered billions in losses with their ships stuck at port due to coronavirus-related sailing restrictions. However, even if Pfizer and BioNTech receive regulatory approval, their vaccine may not be widely available until well into 2021. In the meantime, Carnival, Royal Caribbean, and Norwegian Cruise Line are burning through nearly $1 billion in cash per month in aggregate. With COVID-19 case counts soaring in the U.S. and many international markets, health officials could choose to extend sailing restrictions into 2021. Royal Caribbean, Carnival, and Norwegian Cruise Line Holdings have all raised cash to survive such a scenario, but each month that goes by eats into their cash cushions, thereby increasing the risk for investors.
NYSE:CCL
by Mauriello
CARNIVAL CRUISE LINE ($CCL) 🔱 | Is CCL Ready to Set Sail Again?🚢 The Cruise line industry seems to be on the rebound in terms of business, and many stocks once beaten down by COVID seem to be on the up-and-up as well. Given that, it isn't surprising to see Carnival Cruise Line's stock breaking out of the COVID bear and into a bullish uptrend. Despite some concerns that it might be too early to book a ride on the bull cruise, for example, due to the reality that cruise ships need permission from port authorities they don't necessarily have yet, we still think there is logic in riding the waves here. Let's look for a long setup. Resources: www.fastcompany.com + www.benzinga.com + www.telegraph.co.uk 💹 Drop a comment asking for an update, we do NEW setups every day 💹 Like & Follow to help the community grow! 🐣 --- 1. Find the trend. - Fractal Trend is showing a newly formed uptrend (Navy colored bars) on the 1-hour timeframe. 2. Confirm the strategy. - With this strategy, we are looking for long setups in an uptrend and as such want to enter long on retests of bullish order blocks plotted by Orderblock Mapping (Navy colored lines) and/or bullish S/R levels plotted by Directional Bias (Navy colored lines). 3. Find an entry at support. - Our entry is the S1 bullish orderblock and S/R flip range. The idea here is that if we pull back before we fill the gap above, this level is the most logical to pullback to while still retaining bullish momentum. 4. Find an exit and set a stop to ensure a solid R:R. - The target for this trade is the R1 bearish orderblock above the gap. Meanwhile, our stop is placed below S1. 5. Determine other levels of interest for future reflection and consideration. - Other levels of interest include the S2 orderblock which is also a major price pivot point and expected support come a retest, and the R2 bearish S/R flip as resistance. A break below S2 would end any bullish bias on CCL, while a break above R2 would show continued bullish momentum. Overall we think CCL has more room to run. We have determined our long setup to have a high probability of working if we do get the pullback, although, with the way this market has been moving, that is a big "if." Good luck everyone!
NYSE:CCL
by AlphaBotSystem
6