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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.