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CCL1/N trade ideas

Carnival Pushes a Key LevelCarnival has been stuck in the doldrums since last summer, but now some traders may think it’s ready to cruise higher. The first pattern on today’s chart is Friday’s last price of $12.18. While the level was slightly below February’s peak, it was the highest weekly close in a year. That could make traders expect a breakout if CCL manages to inch further upward. Second, there could be signs of longer-term bottoming since last summer. The stock initially held its pandemic levels from March 2020 before proceeding to a new multidecade low near $6. It then made a series of higher monthly lows (marked in blue). Third, the 50-day simple moving average (SMA) had a “golden cross” above the 200-day SMA in February and has remained there since. Finally, the debt ceiling has been resolved. Federal Reserve officials like Patrick Harker and Phillip Jefferson have also spoken in favor of leaving rates unchanged next week. That kind of macro environment may favor leveraged cyclicals like CCL. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
Editors' picks
NYSE:CCL
by TradeStation
4
Carnival Cruise Line: Bump and Run Reversal BottomCCL is Double Bottoming with some very distinct Bullish Divergence on the Monthly Timeframe on both the MACD and RSI and it also has a Lead-In trendline that goes all the way back to 2018. If it breaks above this trend line then it will begin the BARR Breakout which could then take it above the Neckline of the Double Bottom and BAMM us up to the 0.886 Retrace up at $59.65. I personally am trading this via the 2025 LEAPs at the strike price of 10 dollars though i may also get other long dated calls at different strikes later on.
NYSE:CCLLong
by RizeSenpai
3
$CCL The Best Is Yet To ComeWith Memorial Day weekend approaching, the summer season is set to kick off and in turn the cruise line season. One of the cruise line stocks that are well-positioned to become a major winner this summer season is Carnival Corporation & plc (NYSE: CCL). Over the past years, CCL stock has always made a summer run extending through June till August and this summer is no exception. Considering that the cruise line announced record bookings in Q1 in Europe and North America, this summer is shaping up to be exciting for CCL stock. CCL Fundamentals The summer season has always been CCL’s busiest season and the season in which CCL stock performs the best. Last year, CCL stock ran 32% from June to August, the same can be expected for its revenue as CCL’s revenues nearly doubled last year from $2.4 billion in Q2 to $4.3 billion in Q3. As CCL is starting to regain its pre-pandemic numbers and more countries start to fully open up, this summer season has the potential to be CCL’s best since the pandemic. CCL is expecting a 4.5% increase in capacity growth this summer compared to pre-Covid in 2019. Furthermore, CCL is expanding Half Moon Cay, its private island, which has been consistently voted as the best private island, and is also developing its largest Caribbean destination yet Grand Bahama Port. All of this indicates that CCL is expecting a busier summer than usual and these actions could help CCL have an extremely successful summer season. Earlier this year, CCL announced in its Q1 2023 earnings call that it has achieved record booking in both Europe and North America, which means that demand for cruise lines is coming back and the summer season may return record-high numbers too. In turn, customer deposits in Q1 also reached an all-time high for the quarter. That is also partially because CCL has raised its prices, but its customers do not seem bothered by it, which would mark great news for CCL. At the same time, operations are expected to resume in Asia as cruises will start in Japan and Singapore this summer which are huge markets for CCL. As this resumption of operation is coming just in time for the summer season, CCL could be poised to report its best revenues since the pandemic this summer. However, the only thing CCL is missing at the moment is the Chinese market as China is yet to resume its international cruise trips. China is one of CCL’s biggest markets with more than 1 million customers a year pre-pause and it will probably miss the crucial summer season. With this in mind, China is expected to fully open in the second half of 2023 which would massively boost CCL’s revenues in the latter half of the year since the Chinese market is one of the largest in the world. Meanwhile, CCL is still trying to make the best out of a bad situation as it started planning alternate deployment for its Costa fleet. With that said, the biggest obstacle CCL will be facing is the $35 billion debt it accumulated during the pandemic. The good news is that CCL reported positive cash flow in Q1 2023 and is expecting to achieve positive cash flow for the whole year. CCL also beat its net loss estimates of $750 million – $850 million by $57 million recording $693 in net losses which shows that CCL is moving in the right direction to return to its pre-pandemic glory. In light of this, CCL stock could be a profitable buy this month ahead of the summer season. CCL Financials In its Q1 2023 report, CCL’s assets slightly decreased by 5% from $7.492 billion to $7.114 billion, and its cash and cash equivalents increased 36% YoY from $4.029 billion to $5.455 billion. CCL’s current liabilities saw a slight increase of 3% YoY from $10.6 billion to $11 billion. Revenue also increased 229% YoY from $0.87 billion to $2.87 billion. Operating costs increased 48% from $3.11 billion to $4.6 billion, which contributed to its operating loss declining by almost 89% YoY from $1.49 billion to $0.172 billion, which amounted to a net loss of $693 million – a 63% improvement YoY. Technical Analysis CCL Stock is in a bullish trend with the stock trading in an upward channel. Looking at the indicators, CCL is trading above the 200 MA, however, the stock is below the 50 and 21 MAs. The RSI is neutral at 41, while the MACD is approaching a bullish crossover. As for the fundamentals, CCL is approaching a seasonal catalyst in the cruise line season which will start this summer. With the stock trading near the lower trendline, bullish investors could enter long positions on retests of the lower trendline ahead of the summer season to capitalize on CCL’s seasonal run. CCL Forecast CCL has shown many signs of improvement as it is recovering from the pause in operation due to the pandemic. While it still did not settle its debt situation, CCL is expected to achieve positive cash flow for the year and is close to achieving positive operating income. Furthermore, CCL achieved record booking in Q1 in both Europe and North America with the summer its busiest season approaching. For these reasons, CCL stock could be a profitable buy ahead of the summer season.
NYSE:CCLLong
by Penny_Stocks_Today
CCL is a long term short, expect sentiment to reverse in Q4In spite of CCL's near term revival, I believe that it is still a long term short. Look at the next few quarters as an opportunity to grab short positions for a discount. Recession pressures will dampen earnings and the increasing cost of crude oil will deal a serious blow to CCL as it has done previously. Personally I am looking to open a short position end of Q3, CCL tends to post strong Q3 numbers as they see some of their highest volume during the summer. In the near term I see CCL as a potential swing trade. Definitely take advantage of the run up that seems to happen prior to each earnings, but be aware that CCL has historically dropped off the days following.
NYSE:CCLShort
by ThomasTuanNguyen
1