The Greedy Trader Weekly Analysis
Sign In Jan 18, 2019
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Number of records: 1
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Carnival Corp.
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Broken trend resistance line
Daily :Lane's Stochastic is strongly overboughtDaily  MACD line has moved above its signal lineThe price moved above the moving average in the center of the Bollinger BandsThe period of high volatility of the stock price
Move cursor over the icon to see details.

It was a third positive week after 4 consecutive negative weeks for the Carnival Corp. (CCL). During the week, the CCL gained 2.35 points, or 4.70%, and closed at 52.40 on Friday, January 11, 2019. It was the best weekly gain since November 2, 2018. Weekly volume was 10% above average.

Long-term trend: [See CCL long-term trend chart]
A long-term downtrend had started on September 26, 2018 at 67.69 and reached 45.64 on December 26, 2018. CCL lost 22.05 points, or 32.57%, in 13 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 43.43 and resistance is at 59.11. 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 November 28, 2018 at 62.52 and reached 45.64 on December 26, 2018. CCL lost 16.88 points, or 27.00%, in 4 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (36.41) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. CCL may retest the broken resistance line. It is considered to be a support 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 resistance line in a medium-term trend.

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

The weekly MACD line is below its signal line since December 7, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 December 26, 2018 at 45.64 and reached 52.77 on January 9, 2019. CCL gained -7.13 points, or -15.62%, in 14 days. The price is now at the 5.19% retracement level.

Daily Technical Indicators: [See CCL daily technical indicators chart]
Daily Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought 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.

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 distance between the Bollinger Bands is 127.38% 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) 58.86
Williams' Percentage Range (W%R) 43.60
Lane's Stochastic (%D-Slow) 90.48
Strong Overbought
Greed/Fear Indicator (GFI) 68.58
Moving Average Converg./Diverg. (MACD) -1.96
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.47
Williams' Percentage Range (W%R) 70.20
Lane's Stochastic (%D-Slow) 25.99
Greed/Fear Indicator (GFI) 33.71
Moving Average Converg./Diverg. (MACD) -1.72
Trading Signals
Description Value Chart
Monthly Trendline Resistance 59.11
Upper Bollinger Band 58.56
50 Day Moving Average 55.66
Price 52.40
Daily Stochastic Crossing 52.27
20 Day Moving Average 51.22
Parabolic System 49.72
Weekly Stochastic Crossing 49.57
Weekly Trendline Resistance 46.17
Lower Bollinger Band 45.46
Monthly Trendline Support 43.43
Sector and Industry
Description Name Rank
Sector Services 4
Industry General Entertainment 76
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 45.64
Low Date 12/26/2018
High 52.77
High Date 01/09/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 46.17
Support 36.41
High 62.52
High Date 11/28/2018
Low 45.64
Low Date 12/26/2018
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 59.11
Support 43.43
High 67.69
High Date 09/26/2018
Low 45.64
Low Date 12/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
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.

Copyright© 2004-2018 All rights reserved.