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Uptrend ExhaustionArchive
- 12/13/2024 -
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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 -0.71 points, or -2.67%, and closed at 25.90 on Friday, December 13, 2024. It was the worst weekly loss since September 6, 2024. Weekly volume was -43% below average.
CCL is a member of Consumer Discretionary Sector. Consumer Discretionary is the second most overbought 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 27.17 on December 5, 2024. CCL gained -21.06 points, or -344.68%, in 112 weeks. The price is now at the 6.03% retracement level.
Medium-term trend: [See CCL medium-term trend chart]
A medium-term uptrend had started on August 5, 2024 at 13.78 and reached 27.17 on December 5, 2024. CCL gained -13.39 points, or -97.17%, in 17 weeks. The price is now at the 9.48% retracement level.
 Weekly Technical Indicators: [See CCL weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range and 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since September 13, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term uptrend 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 December 9, 2024 at 25.33 and reached 26.78 on December 12, 2024. CCL gained -1.45 points, or -5.72%, in 3 days. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance 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 5, 2024.
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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