Carnival
CCL - Carnval Cruise LinesThe Hospitality Industry has been one of the hardest hit sectors due to Covd19 and the Cruise Industry has taken an absolute beating. While other companies were hit, they were able to recuperate some of the losses in aid received from the Feds stimulus care package. However, the cruise industry did not receive any bail out funds since they're registered in foreign countries outside of the US.
Remember Carnival is still the global leader in the cruise business. The Company's North America segment includes Carnival Cruise Line, Holland America Line, Princess Cruises (Princess), and Seabourn. They also own AIDA Cruises (AIDA), Costa Cruises (Costa), Cunard, P&O Cruises (Australia), P&O Cruises and ship operations of Fathom, and Holland America Princess Alaska Tours.
"CCL has taken on an additional $4 billion in debt and sold 71.9 million shares of stock. We also saw Saudi Arabia's Public Investment Fund has taken an 8.2% stake in Carnival expecting it to recover. Carnival Corporation's fleet of 100+ ships are not currently operating, so there are costs but no revenues, resulting in significant negative cash flows in 2020. The big risk really is if Carnival Corporation cannot resume operations by 2021, as their cash will begin to run low."
Technical Analysis:
We're not in a rush to buy here just yet. If we do, we like the $8-$7 region. Remember CCL is down over 80% from its 2017 peak, so there is definitely a lot of room for upside if CCL can stay afloat and avoid bankruptcy.
Hit us with a like and a follow for more updates. Cheers!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.
Carnival is not yet ready to Party! Need Volume ConfirmationAnalysis:
1/ Price retraced above 50% - It's unlikely to create new low
2/ Consolidating to build strength to take our $13 resistance
3/ Overbought in the last 20+days - likely for price to go down to do a fakeout
4/ Boom!!! The party happens after fakeout - expect at $10 range
Confirmations for a big run:
1/ Already oversold for the price to go down for a fakeout - Timer set to alert me to start entering trade.
2/ Waiting for volume to cross above my timer for change in trend
3/ If/when price breaks $13 resistance, I'll add more.
CCL - The Fun Ship Is Finally Ready to Break Free and PartyFull disclosure. My first post. I hope I do a good service with this analysis.
My Analysis:
In short, CCL retraced a hair above 50% of its previous high. History says it's not going to create a new low. So I'm bullish with the consolidation I highlighted, its building strength for a big bull run up to $18.
I set FIB to whole numbers -- $19 (high) /$8 (low) because computer algorithm is programmed to hit those numbers.
What do you think?
Feel Free to leave a comment.
CCL: Long term investmentHigh risk? Yes. Massive growth potential? Worth it, in my opinion. This will get a chunk of change for a long term investment.
3-5 times chance, with low risk?Welcome to my first IDEE ! We are currently on an upward trend, which is within 2 significant trend lines. Carnival has suffered a heavy loss as a result of the Corona crisis and has to suspend the voyages until further notice. The stock reacted with a slump of about 80% !!! However, Carnival benefits from the Saudis as new investors and the cheap oil price. Therefore, I think that there is some potential here and that the stock will double in the shortest possible time. Carnival itself assured that they would "survive" without income until the end of the year. What it looks like after that remains open. But who believes that the Corona crisis will paralyze the whole year? For this people, this stock is probably nothing!
If the upper trend line is broken, the cash registers ring!
Attention: This is just an idea as the further course of the stock could be ! I accept no liability! :-)
CCL Investment long term At every whole number you add shares that you are comfortable trading with and hold for few years. 1:4 risk/reward ratio. You enter with a small position.
If you like this analysis please like, thanks.
All opinions are welcome.
BlackStock
CARNIVAL CORP (CCL) DailyDates in the future with the highest probability for price direction reversals
CARNIVAL CORP (CCL) WeeklyDates in the future with the highest probability for price direction reversals
CARNIVAL CORP (CCL) MonthlyDates in the future with the highest probability for price direction reversals
CCL: Long-term ABCD completed with downside risk at $53CCL had a good run since since 2014 but is flat-lining at the tail end of an extended ABCD formation. High of c.$73 was a stretched 138.2% CD extension with price action range bound since Sep 2017. CCL and competitors have been aggressively adding capacity over the last few years which you would expect severe operational deleveraging in the event of a dry spell. Min price target is a 38.2% retracement at c.$60 whereas base case would be a retest of the congestion zone around the $53 level.
Buy Signal for Carnival Corp - Marketbreadth is greenMoneyHour$-Breather signals a Buy for CCL - always use a Stop Loss with 8% and wait for Sell signal of my Breather
My Market Breadth calculation shows a positive (green) environment
