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Downtrend Broken Resist.Archive
- 3/21/2025 -
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Carnival Corp. (CCL) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week for the Carnival Corp. (CCL). During the week, the CCL gained 1.02 points, or 5.12%, and closed at 20.94 on Friday, March 21, 2025. It was the best weekly gain since January 31, 2025. Weekly volume was 32% above average.
CCL is a member of Consumer Discretionary Sector. Consumer Discretionary is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See CCL long-term trend chart]
A long-term uptrend had started on October 11, 2022 at 6.11 and reached 28.72 on January 31, 2025. CCL gained -22.61 points, or -370.05%, in 120 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 16.24 and resistance is at 29.81. 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 long-term trend.
 Medium-term trend: [See CCL medium-term trend chart]
A medium-term downtrend had started on January 31, 2025 at 28.72 and reached 18.16 on March 11, 2025. CCL lost 10.56 points, or 36.77%, in 5 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (15.15) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See CCL weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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.
The weekly MACD line is below its signal line since February 14, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 March 11, 2025 at 18.16 and reached 21.56 on March 20, 2025. CCL gained -3.40 points, or -18.72%, in 9 days. The price is now at the 18.24% retracement level.
 Daily Technical Indicators: [See CCL daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.
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 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.
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