Carnival Corporation and plc (CCL) for long termSignals
Position: long Entry price: 18.5
Target price: 28 Stop loss: 19
Indicators
RSI is very low under 25, better to wait till the price reaches the support line around 18.
Bullinger Bands and William Alligator are really opened, indicating a strong trend. So the price will probably reach the support.
ADX is really strong, indicating a strong momentum. It means that the price will lower again. Same clues from the MACD .
Conclusions
Carnival is expecting to have 42 ships back to service by the end of November, embracing a phase of operations restart. After the drop caused by the Covid-19, the company is sailing again in several destinations including the Caribbean, the Mediterranean and Northern Europe.
As the vaccine campaign goes on, older people ( the major costumers of the cruise industry) will be fully protected and will buy tickets.
In the long term the price can reach $40 but if you want to be more conservative set the target price around 28/30.