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Uptrend SupportArchive
- 4/4/2025 -
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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 -3.37 points, or -16.96%, and closed at 16.50 on Friday, April 4, 2025. Weekly volume was 20% 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 price is near the trend support (16.39) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line 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 15.61 on April 4, 2025. CCL lost 13.11 points, or 45.65%, in 9 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 12.45 and resistance is at 19.81. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See CCL weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly 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 links to access Lane's Stochastic and Williams' Percentage Range 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 downtrend had started on April 2, 2025 at 20.05 and reached 15.61 on April 4, 2025. CCL lost 4.44 points, or 22.14%, in 2 days. The price is now at the 20.05% retracement level.
 Daily Technical Indicators: [See CCL daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
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.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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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