The Greedy Trader Weekly Analysis
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Number of records: 8
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Carnival Corp.
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Summary:
Weekly :Broken trend support lineBroken trend resistance line
Daily :The price has fallen below the Parabolic SAR
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It was a tenth consecutive positive week for the Carnival Corp. (CCL). During the week, the CCL climbed 0.57 points, or 0.93%, and closed at 62.06 on Friday, September 07, 2018. Weekly volume was -18% below average.

Long-term trend: [See CCL long-term trend chart]
A long-term uptrend had started on November 21, 2008 at 14.85 and reached 72.70 on January 30, 2018. CCL gained -57.85 points, or -389.56%, in 479 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (50.46) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See CCL medium-term trend chart]
A medium-term uptrend had started on February 9, 2016 at 40.52 and reached 72.70 on January 30, 2018. CCL gained -32.18 points, or -79.42%, in 103 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (71.74) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See CCL weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since August 24, 2018. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See CCL short-term trend chart]
A short-term uptrend had started on July 3, 2018 at 56.45 and reached 62.53 on August 29, 2018. CCL gained -6.08 points, or -10.77%, in 57 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 57.55 and resistance is at 63.08. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See CCL daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since September 6, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.46
Williams' Percentage Range (W%R) 29.70
Lane's Stochastic (%D-Slow) 43.06
Greed/Fear Indicator (GFI) 58.60
Moving Average Converg./Diverg. (MACD) 0.61
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.09
Williams' Percentage Range (W%R) 53.20
Lane's Stochastic (%D-Slow) 57.62
Greed/Fear Indicator (GFI) 50.62
Moving Average Converg./Diverg. (MACD) -1.62
Trading Signals
Description Value Chart
Quarterly Trendline Support 71.74
Weekly Trendline Resistance 63.08
Upper Bollinger Band 62.90
Monthly Trendline Resistance 62.77
Parabolic System 62.38
Price 62.06
Daily Stochastic Crossing 61.52
20 Day Moving Average 60.93
Weekly Stochastic Crossing 60.55
Yearly Trendline Resistance 59.89
50 Day Moving Average 59.30
Lower Bollinger Band 58.93
Monthly Trendline Support 58.28
Weekly Trendline Support 57.55
Yearly Trendline Support 50.46
Sector and Industry
Description Name Rank
Sector Services 7
Industry General Entertainment 109
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 62.53
High Date 08/29/2018
Low 60.76
Low Date 09/05/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 63.08
Support 57.55
Low 56.45
Low Date 07/03/2018
High 62.53
High Date 08/29/2018
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 62.77
Support 58.28
High 72.70
High Date 01/30/2018
Low 56.45
Low Date 07/03/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 84.36
Support 71.74
Low 40.52
Low Date 02/09/2016
High 72.70
High Date 01/30/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 59.89
Support 50.46
Low 14.85
Low Date 11/21/2008
High 72.70
High Date 01/30/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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