Party time for Carnival shareholders
Shares in the cruise ship operator are up 24% in the past month to their highest since March. Independent analyst Alistair Strang reveals his latest targets.
13th May 2025 07:26
Carnival (LSE:CCL) has already started its 2025 schedule, visiting our local cruise ship terminal a few miles across the sea estuary at a port called Greenock. The big white cruise liners appear every week, but this year it certainly looks like Carnival is ramping up its schedule of visits to the port.
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From a near-term perspective, a share price above 1,527p looks like triggering a confident visit to 1,695p with our longer-term secondary calculating at a future 1,899p along with a challenge of the downtrend since 2017.
For things to go horribly wrong, the share price needs to drop below 1,100p as this threatens the Red uptrend, risking dire results by entering a zone capable of producing a reversal cycle to 313p.
Critically, it appears closure above 1,899p shall be important for the longer term, placing the share in a zone with a long-term attraction coming from 4,257p, a better destination than Greenock.
Source: Trends and Targets. Past performance is not a guide to future performance.
Alistair Strang has led high-profile and "top secret" software projects since the late 1970s and won the original John Logie Baird Award for inventors and innovators. After the financial crash, he wanted to know "how it worked" with a view to mimicking existing trading formulas and predicting what was coming next. His results speak for themselves as he continually refines the methodology.
Alistair Strang is a freelance contributor and not a direct employee of Interactive Investor. All correspondence is with Alistair Strang, who for these purposes is deemed a third-party supplier. Buying, selling and investing in shares is not without risk. Market and company movement will affect your performance and you may get back less than you invest. Neither Alistair Strang or Interactive Investor will be responsible for any losses that may be incurred as a result of following a trading idea.
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