Why the high growth investor may take a look at NYSE:CCL.

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.

Deciphering the Technical Picture of NYSE:CCL

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

Taking everything into account, CCL scores 9 out of 10 in our technical rating. 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.
• CCL is one of the better performing stocks in the Hotels, Restaurants & Leisure industry, it outperforms 84% of 134 stocks in the same industry.
• 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.
• Looking at the yearly performance, CCL did better than 89% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
• In the last month CCL has a been trading in the 23.86 - 27.16 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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

Looking at the Setup

Alongside the Technical Rating, ChartMill assigns a Setup Rating to evaluate the consolidation level of a stock. This rating, ranging from 0 to 10, is updated daily and considers various short-term technical indicators. The current setup rating for NYSE:CCL is 7:

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 a support zone below the current price at 25.90, a Stop Loss order could be placed below this zone.

What matters for high growth investors.

• The earnings per share (EPS) of CARNIVAL CORP have shown positive growth on a quarter-to-quarter (Q2Q) basis, with a 47.67% increase. This reflects the company's ability to improve its profitability over time.
• The 1-year revenue growth of CARNIVAL CORP (22.18%) has been strong, reflecting the company's ability to generate consistent sales growth. This growth suggests the company's ability to meet customer needs and expand its market share.
• The average next Quarter EPS Estimate for CARNIVAL CORP has experienced a 112.0% change in the last 3 months, reflecting evolving expectations by analysts regarding the company's EPS performance.
• The recent financial report of CARNIVAL CORP demonstrates a 47.67% increase in quarterly earnings compared to the previous quarter. This growth indicates positive momentum in the company's financials and suggests a promising upward trend
• CARNIVAL CORP has shown positive growth in its operating margin over the past year, indicating improved operational efficiency. This growth highlights the company's ability to effectively manage costs and maximize profitability.
• With a favorable trend in its free cash flow (FCF) over the past year, CARNIVAL CORP demonstrates its ability to generate robust cash flows and maintain financial stability. This growth reflects the company's focus on efficient capital allocation and cash management.
• CARNIVAL CORP has a healthy Return on Equity(ROE) of 18.2%. This demonstrates the company's efficient utilization of capital and indicates its commitment to driving profitability.
• With institutional shareholders at 52.36%, 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 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.
• The Relative Strength (RS) of CARNIVAL CORP has been consistently solid, with a current 89.92 rating. This highlights the stock's ability to exhibit sustained price strength and signifies its competitive advantage. CARNIVAL CORP exhibits strong prospects for further price appreciation.

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

Disclaimer

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.