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Advanced TA SearchArchive
- 5/3/2024 -
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Carnival Corp. (CCL) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was the negative week for the Carnival Corp. (CCL). During the week, the CCL dropped -0.64 points, or -4.24%, and closed at 14.44 on Friday, May 3, 2024. Weekly volume was -28% 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 6.11 on October 11, 2022. CCL lost 66.59 points, or 91.60%, in 245 weeks. The chart has formed a Descending Triangle chart pattern. A Descending Triangle is a variation of triangle formation that has a flat support line and falling resistance line. The lower highs indicate the decreasing demand and give the descending triangle definitive bearish bias. A Descending Triangle usually represents a distribution stage in bearish market. A Descending Triangle is considered to be a continuation pattern, especially in a down trend, but it may also mark a reversal in an uptrend. Use the following link to access a Descending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Descending Triangle pattern in a long-term trend.
 Medium-term trend: [See CCL medium-term trend chart]
A medium-term downtrend had started on December 22, 2023 at 19.74 and reached 13.80 on April 16, 2024. CCL lost 5.94 points, or 30.09%, in 16 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 13.59 and resistance is at 16.84. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern 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 2, 2024. 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 uptrend had started on April 16, 2024 at 13.80 and reached 15.28 on April 29, 2024. CCL gained -1.48 points, or -10.72%, in 13 days. The price is now at the 56.76% retracement level.
 Daily Technical Indicators: [See CCL daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since April 23, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.
During the last week, the price has declined below 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.
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