The Greedy Trader Weekly Analysis
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Carnival Corp.
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Summary:
Weekly :Overbought sectorBroken trend resistance lineLane's Stochastic is oversold
Daily :Stochastic has raised above the signal lineDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARBearish Dark Cloud Cover CandlestickPrice is near the Fibonacci 23.6% retracement level
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It was a first positive week after 5 consecutive negative weeks for the Carnival Corp. (CCL). During the week, the CCL gained 2.80 points, or 5.16%, and closed at 57.07 on Friday, November 02, 2018. It was the best weekly gain since September 21, 2018. Weekly volume was 20% above average.

CCL is a member of Services Sector. Services is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See CCL long-term trend chart]
A long-term downtrend had started on January 30, 2018 at 72.70 and reached 53.47 on October 29, 2018. CCL lost 19.23 points, or 26.45%, in 38 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 45.13 and resistance is at 67.68. 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 September 26, 2018 at 67.69 and reached 53.47 on October 29, 2018. CCL lost 14.22 points, or 21.01%, in 4 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (52.12) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See CCL weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

The weekly MACD line is below its signal line since October 19, 2018. This is an indication that the medium-term trend is down. 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 October 29, 2018 at 53.47 and reached 58.26 on November 2, 2018. CCL gained -4.79 points, or -8.96%, in 4 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See CCL daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal.

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 risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

Candlestick pattern: [See CCL candlestick chart pattern]
On Friday the chart has formed a Bearish Dark Cloud Cover Candlestick pattern. Bearish Dark Cloud Cover pattern is a trend reversal indicator which signifies the end of an uptrend and the start of a downtrend. The reliability of the Bearish Dark Cloud Cover pattern is considered a highly reliable pattern of market reversalUse the Technical Stock Screener to see the list of stocks that had a Bearish Dark Cloud Cover Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.75
Williams' Percentage Range (W%R) 39.70
Lane's Stochastic (%D-Slow) 50.07
Greed/Fear Indicator (GFI) 52.71
Moving Average Converg./Diverg. (MACD) -1.70
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.67
Williams' Percentage Range (W%R) 67.10
Lane's Stochastic (%D-Slow) 18.29
Oversold
Greed/Fear Indicator (GFI) 32.80
Moving Average Converg./Diverg. (MACD) -0.92 Bullish
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 67.68
Upper Bollinger Band 61.49
50 Day Moving Average 60.89
20 Day Moving Average 57.25
Price 57.07
Daily Stochastic Crossing 56.35
Weekly Stochastic Crossing 55.03
Parabolic System 53.88
Lower Bollinger Band 53.70
Monthly Trendline Resistance 52.71
Monthly Trendline Support 52.12
Sector and Industry
Description Name Rank
Sector Services 8
Industry General Entertainment 55
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 53.47
Low Date 10/29/2018
High 58.26
High Date 11/02/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 53.47
Low Date 10/29/2018
High 58.26
High Date 11/02/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 52.71
Support 52.12
High 67.69
High Date 09/26/2018
Low 53.47
Low Date 10/29/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 67.68
Support 45.13
High 72.70
High Date 01/30/2018
Low 53.47
Low Date 10/29/2018
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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