The Greedy Trader Weekly Analysis
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Monthly Price vs. Trendline:Testing Support
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Trend Line Resistance Trend Line Support Resistance.
Trendline support resistance provides an excellent buy/sell signals in trending market. On an uptrend, buy around the support trend line level and place a stop order below the trend line support. Take profit on the trend line resistance level. Reverse the technique in a downtrend. Short around the resistance trend line level and place a stop order above the trend line resistance.
Resistance Trend Line,Trend Line Resistance,Trend Line Support,Support Resistance,support and resistance,chart trend line,trend support

Carnival Corp. (CCL)

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Summary:
Weekly :Broken trend resistance line
Daily :Williams' Percentage Range is overbought20 Day Moving Average has crossed below the 50 Day Moving AverageBroken trend resistance line
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It was a second consecutive positive week for the Carnival Corp. (CCL). During the week, the CCL gained 0.34 points, or 3.11%, and closed at 11.28 on Friday, May 26, 2023. Weekly volume was -34% below average.

Long-term trend: [See CCL long-term trend chart]
A long-term downtrend had started on January 30, 2018 at 72.70 and reached 6.11 on October 11, 2022. CCL lost 66.59 points, or 91.60%, in 245 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (5.69) 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 long-term trend.

Medium-term trend: [See CCL medium-term trend chart]
A medium-term uptrend had started on October 11, 2022 at 6.11 and reached 12.62 on February 7, 2023. CCL gained -6.51 points, or -106.55%, in 17 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 9.46 and resistance is at 14.15. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel 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 5, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 February 7, 2023 at 12.62 and reached 8.37 on March 15, 2023. CCL lost 4.25 points, or 33.68%, in 36 days. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (8.95) 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 short-term trend.

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 May 1, 2023. The distance between MACD and the signal line is low and getting smaller.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.19
Williams' Percentage Range (W%R) 16.10
Overbought
Lane's Stochastic (%D-Slow) 74.56
Greed/Fear Indicator (GFI) 72.22
Moving Average Converg./Diverg. (MACD) 0.32
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.94
Williams' Percentage Range (W%R) 31.70
Lane's Stochastic (%D-Slow) 60.52
Greed/Fear Indicator (GFI) 60.17
Moving Average Converg./Diverg. (MACD) -0.19
Trading Signals
Description Value Chart
Upper Bollinger Band 11.78
Price 11.28
Daily Stochastic Crossing 11.18
Weekly Stochastic Crossing 10.70
Parabolic System 10.63
20 Day Moving Average 10.44
50 Day Moving Average 9.84
Monthly Trendline Support 9.46
Lower Bollinger Band 9.25
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 7
Industry Hotels, Resorts & Cruise Lines 106
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 8.37
Low Date 03/15/2023
High 11.53
High Date 05/23/2023
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 7.96
Support 8.95
High 12.62
High Date 02/07/2023
Low 8.37
Low Date 03/15/2023
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 14.15
Support 9.46
Low 6.11
Low Date 10/11/2022
High 12.62
High Date 02/07/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 31.52
High Date 06/08/2021
Low 6.11
Low Date 10/11/2022
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Broken Resistance
Resistance 7.32
Support 5.69
High 72.70
High Date 01/30/2018
Low 6.11
Low Date 10/11/2022
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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