The Greedy Trader Weekly Analysis
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Carnival Corp.
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Summary:
Weekly :Price is near the Fibonacci 38.2% retracement level
Daily :Daily  MACD line has moved above its signal lineThe price moved above the moving average in the center of the Bollinger Bands
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It was a second consecutive positive week for the Carnival Corp. (CCL). During the week, the CCL climbed 0.50 points, or 0.94%, and closed at 53.57 on Friday, April 12, 2019. Weekly volume was -13% below average.

Long-term trend: [See CCL long-term trend chart]
A long-term downtrend had started on January 30, 2018 at 72.70 and reached 45.64 on December 26, 2018. CCL lost 27.06 points, or 37.22%, in 47 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 39.03 and resistance is at 63.59. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.

Medium-term trend: [See CCL medium-term trend chart]
A medium-term downtrend had started on February 21, 2019 at 59.24 and reached 49.91 on March 28, 2019. CCL lost 9.33 points, or 15.75%, in 5 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

The weekly MACD line is below its signal line since March 29, 2019. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See CCL short-term trend chart]
A short-term downtrend had started on April 3, 2019 at 53.67 and reached 51.77 on April 9, 2019. CCL lost 1.90 points, or 3.54%, in 6 days. The price is now at the 94.74% retracement level.

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

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.29
Williams' Percentage Range (W%R) 60.80
Lane's Stochastic (%D-Slow) 66.62
Greed/Fear Indicator (GFI) 47.70
Moving Average Converg./Diverg. (MACD) -1.01
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.00
Williams' Percentage Range (W%R) 56.60
Lane's Stochastic (%D-Slow) 40.81
Greed/Fear Indicator (GFI) 45.11
Moving Average Converg./Diverg. (MACD) -1.29
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 63.59
Upper Bollinger Band 58.16
50 Day Moving Average 55.74
20 Day Moving Average 53.57
Price 53.57
Weekly Stochastic Crossing 53.21
Daily Stochastic Crossing 53.02
Parabolic System 51.72
Lower Bollinger Band 48.86
Sector and Industry
Description Name Rank
Sector Services 3
Industry General Entertainment 37
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 53.67
High Date 04/03/2019
Low 51.77
Low Date 04/09/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 59.24
High Date 02/21/2019
Low 49.91
Low Date 03/28/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 45.64
Low Date 12/26/2018
High 59.24
High Date 02/21/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 63.59
Support 39.03
High 72.70
High Date 01/30/2018
Low 45.64
Low Date 12/26/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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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