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Downtrend Broken Resist.Archive
- 5/2/2025 -
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Carnival Corp. (CCL) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a fourth consecutive positive week for the Carnival Corp. (CCL). During the week, the CCL gained 0.97 points, or 5.22%, and closed at 19.57 on Friday, May 2, 2025. CCL was trading at average weekly trading volume.
 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 16.69 and resistance is at 30.75. 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 15.07 on April 7, 2025. CCL lost 13.65 points, or 47.53%, in 9 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (11.64) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. CCL may retest the broken resistance line. It is considered to be a support line now. 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 technical indicators are neutral.
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 relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 30, 2025 at 17.33 and reached 19.64 on May 2, 2025. CCL gained -2.31 points, or -13.33%, in 2 days. Price is near the trend high.
 Daily Technical Indicators: [See CCL daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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 daily MACD line is above its signal line since April 14, 2025. This is an indication that the short-term trend is up.
During the last week, the price has moved above 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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