The Greedy Trader Weekly Analysis
Sign In May 7, 2021
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Carnival Corp. (CCL)

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Summary:
Weekly :
Daily :The price has risen above the Parabolic SARThe period of low 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 gained 0.69 points, or 2.53%, and closed at 27.96 on Friday, April 30, 2021. Weekly volume was -48% below average.

Long-term trend: [See CCL long-term trend chart]
A long-term uptrend had started on October 29, 2020 at 12.11 and reached 30.63 on April 7, 2021. CCL gained -18.52 points, or -152.93%, in 22 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 26.15 and resistance is at 32.37. 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 January 27, 2021 at 17.96 and reached 30.63 on April 7, 2021. CCL gained -12.67 points, or -70.55%, in 10 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 27.32 and resistance is at 31.17. 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 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. 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 April 7, 2021 at 30.63 and reached 25.12 on April 20, 2021. CCL lost 5.51 points, or 17.99%, in 13 days. The price is now at the 51.54% 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 April 12, 2021. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

The distance between the Bollinger Bands is falling, and it was 11.3% on Friday. It is 61.96% 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) 51.57
Williams' Percentage Range (W%R) 65.90
Lane's Stochastic (%D-Slow) 69.69
Greed/Fear Indicator (GFI) 51.79
Moving Average Converg./Diverg. (MACD) 0.22
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.14
Williams' Percentage Range (W%R) 28.60
Lane's Stochastic (%D-Slow) 68.35
Greed/Fear Indicator (GFI) 66.00
Moving Average Converg./Diverg. (MACD) 2.01
Trading Signals
Description Value Chart
Monthly Trendline Resistance 32.37
Weekly Trendline Resistance 31.17
Upper Bollinger Band 28.97
Weekly Stochastic Crossing 28.29
Daily Stochastic Crossing 27.99
Price 27.96
20 Day Moving Average 27.69
Weekly Trendline Support 27.32
50 Day Moving Average 27.25
Monthly Trendline Support 26.15
Lower Bollinger Band 25.80
Parabolic System 25.41
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 7
Industry Hotels, Resorts & Cruise Lines 25
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 30.63
High Date 04/07/2021
Low 25.12
Low Date 04/20/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 31.17
Support 27.32
Low 17.96
Low Date 01/27/2021
High 30.63
High Date 04/07/2021
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 32.37
Support 26.15
Low 12.11
Low Date 10/29/2020
High 30.63
High Date 04/07/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 7.80
Low Date 04/02/2020
High 30.63
High Date 04/07/2021
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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