Is 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.

Analyzing the Technical Aspects

ChartMill assigns a Technical Rating to every stock. This score, ranging from 0 to 10, is updated daily and is determined by evaluating multiple technical indicators and properties.

We assign a technical rating of 10 out of 10 to CCL. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CCL is showing a nice and steady performance.

• 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 94% of all stocks.
• CCL is part of the Hotels, Restaurants & Leisure industry. There are 135 other stocks in this industry. CCL outperforms 90% of them.
• CCL is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
• In the last month CCL has a been trading in the 20.74 - 25.60 range, which is quite wide. It is currently trading near the high of this range.

Our latest full technical report of CCL contains the most current technical analsysis.

How do we evaluate the setup for NYSE:CCL?

Besides the Technical Rating, ChartMill assigns a Setup Rating to every stock to determine the degree of consolidation. This rating, ranging from 0 to 10, is updated daily and evaluates various short-term technical indicators. NYSE:CCL currently holds a 7 as its setup rating, suggesting a particular level of consolidation in the stock.

Besides having an excellent technical rating, CCL also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. Another positive sign is the recent Pocket Pivot signal.

What matters for high growth investors.

• 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.
• CARNIVAL CORP has seen a 99.48% change in the average next Quarter EPS Estimate by analysts over the last 3 months, signaling the shifting perception of the company's EPS outlook.
• 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 experienced notable growth in its operating margin over the past year, reflecting improved operational performance. This growth suggests the company's ability to generate higher profits from its core business activities.
• The free cash flow (FCF) of CARNIVAL CORP has seen steady growth over the past year, indicating enhanced cash flow generation and financial health. This trend underscores the company's effective capital management and its ability to generate sustainable cash flows.
• CARNIVAL CORP exhibits a strong Return on Equity (ROE) of 18.2%, indicating the company's ability to generate solid returns on shareholder investments. This metric reflects the company's efficient utilization of equity capital and its profitability.
• With institutional shareholders at 57.67%, CARNIVAL CORP demonstrates a healthy ownership distribution. This reflects a mix of institutional and individual investors, creating a market environment that may foster increased trading activity and price discovery.
• CARNIVAL CORP has a strong history of beating EPS estimates in the last 4 quarters, signaling its ability to consistently exceed market expectations. This indicates the company's strong financial performance and its potential for creating shareholder value.
• CARNIVAL CORP has maintained a healthy Relative Strength (RS) over the analyzed period, with a current 94.44 rating. This demonstrates the stock's ability to outperform its peers and indicates its competitive positioning. CARNIVAL CORP is well-positioned for potential price growth opportunities.

More high growth momentum breakout stocks can be found in our High Growth Momentum Breakout screen.

Disclaimer

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.