The Greedy Trader Weekly Analysis
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Carnival Corp.
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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is oversoldBroken trend support line
Daily :Williams' Percentage Range is oversoldStochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineThe period of high volatility of the stock price
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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 0.87%, and closed at 58.05 on Friday, July 13, 2018. Weekly volume was 29% 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 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 trend support level is at 49.91 and resistance is at 59.66. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern 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 (69.79) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. CCL may retest the broken support line. It is considered to be a resistance line now. 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 Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is below its signal line since February 23, 2018. The distance between MACD and the signal line is near its high and getting bigger. 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 58.86 on July 10, 2018. CCL gained -2.41 points, or -4.27%, in 7 days. The price is now at the 33.61% retracement level.

Daily Technical Indicators: [See CCL daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.

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

The distance between the Bollinger Bands is 183.74% higher then one year average. It indicates the period of high volatility of the stock price. 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) 29.18
Williams' Percentage Range (W%R) 82.20
Oversold
Lane's Stochastic (%D-Slow) 62.29
Greed/Fear Indicator (GFI) 36.44
Moving Average Converg./Diverg. (MACD) -1.38
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.00
Williams' Percentage Range (W%R) 88.90
Oversold
Lane's Stochastic (%D-Slow) 26.65
Greed/Fear Indicator (GFI) 26.47
Moving Average Converg./Diverg. (MACD) -1.00
Trading Signals
Description Value Chart
Upper Bollinger Band 64.86
Monthly Trendline Resistance 64.31
50 Day Moving Average 61.91
Monthly Trendline Support 59.82
Yearly Trendline Resistance 59.66
Parabolic System 59.64
20 Day Moving Average 59.62
Weekly Stochastic Crossing 58.73
Daily Stochastic Crossing 58.09
Price 58.05
Lower Bollinger Band 53.74
Yearly Trendline Support 49.91
Sector and Industry
Description Name Rank
Sector Services 8
Industry General Entertainment 17
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 56.45
Low Date 07/03/2018
High 58.86
High Date 07/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 65.42
High Date 06/14/2018
Low 56.45
Low Date 07/03/2018
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Support
Resistance 64.31
Support 59.82
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 82.41
Support 69.79
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 Valid
Resistance 59.66
Support 49.91
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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