The Greedy Trader Weekly Analysis
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Hotels, Resorts & Cruise Lines Industry Technical Analysis

Archive
- 1/8/2021 -
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Carnival Corp. (CCL)

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Summary:
Weekly :Broken trend support lineStochastic signal line moved below overbought area
Daily :The price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
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It was the negative week for the Carnival Corp. (CCL). During the week, the CCL dropped -1.19 points, or -5.49%, and closed at 20.47 on Friday, January 8, 2021. Weekly volume was -27% below average.

Long-term trend: [See CCL long-term trend chart]
A long-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 price is now at the 27.52% retracement level.

Medium-term trend: [See CCL medium-term trend chart]
A medium-term uptrend had started on October 29, 2020 at 12.11 and reached 24.38 on December 9, 2020. CCL gained -12.27 points, or -101.32%, in 5 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (22.02) is broken. A broken support is considered to be a long-term bearish 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 support in a medium-term trend.

Weekly Technical Indicators: [See CCL weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. 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 above its signal line since May 29, 2020. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 December 9, 2020 at 24.38 and reached 19.75 on December 22, 2020. CCL lost 4.63 points, or 18.99%, in 13 days. The price is now at the 15.55% retracement level.

Daily Technical Indicators: [See CCL daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since December 11, 2020. This is an indication that the short-term trend is down.

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 distance between the Bollinger Bands is falling, and it was 11.92% on Friday. It is 76.20% lower than one year average. It indicates the period of low 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) 41.67
Williams' Percentage Range (W%R) 66.30
Lane's Stochastic (%D-Slow) 25.18
Greed/Fear Indicator (GFI) 33.53
Moving Average Converg./Diverg. (MACD) 0.48
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.53
Williams' Percentage Range (W%R) 28.60
Lane's Stochastic (%D-Slow) 77.32
Greed/Fear Indicator (GFI) 68.72
Moving Average Converg./Diverg. (MACD) -0.63
Trading Signals
Description Value Chart
Parabolic System 22.29
Upper Bollinger Band 22.05
Monthly Trendline Support 22.02
Weekly Stochastic Crossing 21.82
20 Day Moving Average 21.14
Monthly Trendline Resistance 21.13
Daily Stochastic Crossing 20.60
Price 20.47
Lower Bollinger Band 19.63
50 Day Moving Average 19.20
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 7
Industry Hotels, Resorts & Cruise Lines 65
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 22.27
High Date 12/29/2020
Low 20.04
Low Date 01/04/2021
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 24.38
High Date 12/09/2020
Low 19.75
Low Date 12/22/2020
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 21.13
Support 22.02
Low 12.11
Low Date 10/29/2020
High 24.38
High Date 12/09/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 7.80
Low Date 04/02/2020
High 25.28
High Date 06/08/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
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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