The Greedy Trader Weekly Analysis
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Weekly Price vs. Fibonacci:Near 61.8% retracement level
Number of records: 3
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

Carnival Corp. (CCL)

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Summary:
Weekly :Broken trend support line
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldPrice has crossed below the 50 Day Moving Average
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It was the negative week for the Carnival Corp. (CCL). During the week, the CCL dropped -2.05 points, or -11.50%, and closed at 15.78 on Friday, June 26, 2020. Weekly volume was 49% above 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 7.80 on April 2, 2020. CCL lost 64.90 points, or 89.27%, in 113 weeks. The chart has formed a Falling Channel chart pattern. The downtrend support line (31.50) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. 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 long-term trend.

Medium-term trend: [See CCL medium-term trend chart]
A medium-term uptrend had started on April 2, 2020 at 7.80 and reached 25.28 on June 8, 2020. CCL gained -17.48 points, or -224.10%, in 9 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 14.31 and resistance is at 29.66. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

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

The weekly MACD line is above its signal line since May 29, 2020. This is an indication that the medium-term trend is up. 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 June 8, 2020 at 25.28 and reached 15.11 on June 25, 2020. CCL lost 10.17 points, or 40.23%, in 17 days. The price is now at the 6.59% retracement level.

Daily Technical Indicators: [See CCL daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is below its signal line since June 16, 2020. This is an indication that the short-term trend is down.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 24.22
Williams' Percentage Range (W%R) 89.20
Oversold
Lane's Stochastic (%D-Slow) 13.55
Oversold
Greed/Fear Indicator (GFI) 16.20
Oversold
Moving Average Converg./Diverg. (MACD) 0.71
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.05
Williams' Percentage Range (W%R) 77.40
Lane's Stochastic (%D-Slow) 65.99
Greed/Fear Indicator (GFI) 48.20
Moving Average Converg./Diverg. (MACD) -7.35
Trading Signals
Description Value Chart
Upper Bollinger Band 22.34
Weekly Stochastic Crossing 20.22
Parabolic System 19.90
20 Day Moving Average 18.77
50 Day Moving Average 15.83
Price 15.78
Daily Stochastic Crossing 15.77
Monthly Trendline Support 14.31
Lower Bollinger Band 12.91
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 7
Industry Hotels, Resorts & Cruise Lines 21
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 21.85
High Date 06/16/2020
Low 15.11
Low Date 06/25/2020
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 25.28
High Date 06/08/2020
Low 15.11
Low Date 06/25/2020
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 29.66
Support 14.31
Low 7.80
Low Date 04/02/2020
High 25.28
High Date 06/08/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 51.94
High Date 01/17/2020
Low 7.80
Low Date 04/02/2020
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Support
Resistance 46.81
Support 31.50
High 72.70
High Date 01/30/2018
Low 7.80
Low Date 04/02/2020
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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