Is CARNIVAL CORP (NYSE:CCL) suited for high growth investing?

Our stock screener has flagged CARNIVAL CORP (NYSE:CCL) as a potential breakout candidate. This occurs when the stock shows signs of consolidation after a notable upward trend. While we can't predict the actual breakout, it's worth monitoring NYSE:CCL for potential movement.

Zooming in on the technicals.

ChartMill assigns a proprietary Technical Rating to each stock. The score is computed daily by evaluating various technical indicators and properties. The score ranges from 0 to 10.

Taking everything into account, CCL scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, CCL has proven to be a steady performer, scoring decent points in every aspect analyzed.

• Both the short term and long term trends are positive. This is a very positive sign.
• When comparing the yearly performance of all stocks, we notice that CCL is one of the better performing stocks in the market, outperforming 93% of all stocks. We also observe that the gains produced by CCL over the past year are nicely spread over this period.
• CCL is part of the Hotels, Restaurants & Leisure industry. There are 134 other stocks in this industry. CCL outperforms 89% of them.
• CCL is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
• CCL is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.

For an up to date full technical analysis you can check the technical report of CCL

Looking at the Setup

Besides the Technical Rating, ChartMill also assign a Setup Rating to every stock. This setup score also ranges from 0 to 10 and determines to which extend the stock is consolidating. This is achieved by evaluating multiple short term technical indicators. NYSE:CCL currently has a 7 as setup rating:

Besides having an excellent technical rating, CCL also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 21.44, a Stop Loss order could be placed below this zone.

Looking into the high growth metrics of CARNIVAL CORP

• In the most recent financial report, CARNIVAL CORP reported a 47.67% increase in quarterly earnings compared to the previous quarter. This notable growth indicates positive momentum in the company's financials, suggesting an upward trend
• CARNIVAL CORP has achieved significant 1-year revenue growth of 22.18%, signaling its ability to capture market opportunities and drive top-line expansion. This growth indicates the company's effective execution and its potential for continued success.
• Over the past 3 months, analysts have adjusted their EPS Estimate for CARNIVAL CORP with a 116.0% change. This highlights the evolving outlook on the company's EPS potential.
• In the most recent financial report, CARNIVAL CORP reported a 47.67% increase in quarterly earnings compared to the previous quarter. This notable growth indicates positive momentum in the company's financials, suggesting an upward trend
• With positive growth in its operating margin over the past year, CARNIVAL CORP showcases its ability to improve profitability through effective cost control and operational efficiency. This growth underscores the company's commitment to enhancing its financial performance.
• With positive growth in its free cash flow (FCF) over the past year, CARNIVAL CORP showcases its ability to generate strong cash flows and maintain a solid financial position. This growth reflects the company's efficient utilization of capital and its commitment to long-term value creation.
• With a solid Return on Equity (ROE) of 18.2%, CARNIVAL CORP exemplifies its ability to generate favorable returns on shareholder investments. This metric demonstrates the company's commitment to maximizing shareholder value.
• CARNIVAL CORP exhibits a favorable ownership structure, with an institutional shareholder ownership of 51.57%. This signifies a diverse investor base, which can contribute to a more stable and efficient market for the stock.
• CARNIVAL CORP has consistently surpassed EPS estimates in the last 4 quarters, reflecting its strong financial performance and effective management. This trend suggests the company's ability to generate positive earnings surprises and drive shareholder value.
• CARNIVAL CORP has achieved an impressive Relative Strength (RS) rating of 93.29, showcasing its ability to outperform the broader market. This strong performance positions CARNIVAL CORP as an attractive stock for potential price appreciation.

Our High Growth Momentum Breakout screen will find you more ideas suited for high growth momentum breakouts.

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.