A look at CCL technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 42.85 point. Its trading volume has lost -630097 shares compared to readings over the past three months as it recently exchanged 3469903 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 4100000 shares, and this is 0.85 times the normal volume.
Carnival Corporation (NYSE:CCL) dipped by -5.89% over the past three months which led to its overall six-month decrease to stand at -10.22%. The equity price sank -2% this week, a trend that has led to both investors and traders taking note of the stock. A look at its monthly performance shows that its shares have recorded a -2.69% fall over the past 30 days. Over the past 12 months the stock has embarked on a drop that has seen it decline -16.93% and is now up by 12.43% since start of this year.
The shares of Carnival Corporation dropped by -19.79% or -$13.68 from its last recorded high of $69.11 which it attained on March 22 to close at $55.43 per share. Over the past 52 weeks, the shares of Carnival Corporation has been trading as low as $45.64 before witnessing a massive surge by 21.45% or $9.79. This price movement has led to the CCL stock receiving more attention and has become one to watch out for. It jumped by 0.84% on Monday and this got the market excited. The stock’s beta now stands at 1.25 and when compared to its 200-day moving average and its 50-day moving average, CCL price stands -5.47% below and 0.82% above respectively. Its average daily volatility for this week is 1.35% which is less than the 1.43% recorded over the past month.
Experts from research firms are bullish about the near-term performance of Carnival Corporation (CCL) with most of them predicting a $66.37 price target on a short-term (12 months) basis. The average price target by the analysts will see a 19.74% rise in the stock and would lead to CCL’s market cap to surge to $45.92B. The stock has been rated an average 2, which roughly stands towards the bullish end of the spectrum. Reuters looked into the 21 analysts that track Carnival Corporation (NYSE:CCL) and find out that 7 of them rated it as a Hold. 14 of the 14 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.
The price of DXC Technology Company (NYSE:DXC) currently stands at $65.44 after it went up by $1.25 or 1.95% and has found a strong support at $64.67 a share. If the DXC price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $63.89 mark would also be bad for the stock as it means that the stock would plunge by 2.37% from its current position. However, if the stock price is able to trade above the resistance point around $65.85, then it could likely surge higher to try and break the upward resistance which stands at $66.25 a share. Its average daily volatility over the past one month stands at 2.1%. The stock has plunged by 1.74% from its 52-weeks high of $64.3 which it reached on Mar. 20, 2018. In general, it is 24.83% above its 52-weeks lowest point which stands at $49.19 and this setback was observed on Dec. 26, 2018.
Analysts have predicted a price target for DXC Technology Company (DXC) for 1 year and it stands at an average $85.05/share. This means that it would likely increase by 29.97% from its current position. The current price of the stock has been moving between $64.3 and $65.48. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $68. On the other hand, one analyst is super bullish about the price, setting a target as high as $125.
The DXC stock Stochastic Oscillator (%D) is at 21.29%, which means that it is currently oversold and its prices could jump very soon. The shares P/S ratio stands at 0.81 which compares to the 2.56 recorded by the industry or the 2.63 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 7.13, which is lower than the 13.19 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 293.9% over the past five years.
Analysts view DXC Technology Company (NYSE:DXC) as a Hold, with 2.2 consensus rating. Reuters surveyed 18 analysts that follow DXC and found that 7 of those analysts rated the stock as a Hold. The remaining 11 were divided, with 11 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying DXC Technology Company (DXC) shares or sell it if they already own it.
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