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Monthly Price vs. Trendline: | Testing Support |
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Advanced TA SearchArchive - 11/24/2023 - Sign In to see current Signals. |
Carnival Corp. (CCL) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the Carnival Corp. (CCL). During the week, the CCL dropped -0.38 points, or -2.57%, and closed at 14.41 on Friday, November 24, 2023. Weekly volume was -42% 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 (5.36) 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 19.55 on July 5, 2023. CCL gained -13.44 points, or -219.97%, in 38 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 12.12 and resistance is at 26.41. 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 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 August 25, 2023. 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 October 23, 2023 at 10.84 and reached 15.01 on November 17, 2023. CCL gained -4.17 points, or -38.47%, in 25 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 13.24 and resistance is at 15.80. 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 short-term trend.
Daily Technical Indicators: [See CCL daily technical indicators chart] Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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 and Williams' Percentage Range help. The daily MACD line is above its signal line since October 27, 2023. This is an indication that the short-term trend is up.
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Daily Oscillators |
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Weekly Oscillators |
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Trading
Signals |
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Sector and
Industry |
Description |
Name |
Rank |
Sector |
Consumer Discretionary |
7 |
Industry |
Hotels, Resorts & Cruise Lines |
78 |
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Daily Trend |
Description |
Value |
Direction |
Down |
Chart Pattern |
DownTrend |
High |
15.01 |
High Date |
11/17/2023 |
Low |
13.88 |
Low Date |
11/21/2023 |
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Weekly Trend |
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Description |
Value |
Direction |
Up |
Chart Pattern |
Broadening Ascending Wedge |
Status |
Valid |
Resistance |
15.80 |
Support |
13.24 |
Low |
10.84 |
Low Date |
10/23/2023 |
High |
15.01 |
High Date |
11/17/2023 |
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Description |
Value |
Direction |
Down |
Chart Pattern |
DownTrend |
Status |
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Resistance |
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Support |
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High |
19.55 |
High Date |
07/05/2023 |
Low |
10.84 |
Low Date |
10/23/2023 |
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Quarterly Trend |
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Description |
Value |
Direction |
Up |
Chart Pattern |
Broadening Ascending Wedge |
Status |
Valid |
Resistance |
26.41 |
Support |
12.12 |
Low |
6.11 |
Low Date |
10/11/2022 |
High |
19.55 |
High Date |
07/05/2023 |
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Description |
Value |
Direction |
Down |
Chart Pattern |
Descending Triangle |
Status |
Broken Resistance |
Resistance |
1.22 |
Support |
5.36 |
High |
72.70 |
High Date |
01/30/2018 |
Low |
6.11 |
Low Date |
10/11/2022 |
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