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.

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- 11/24/2023 -
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Carnival Corp. (CCL) Technical Analysis

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Summary:
Weekly :Broken trend resistance line
Daily :Williams' Percentage Range and Lane's Stochastic are overbought
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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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.62
Williams' Percentage Range (W%R) 18.50
Overbought
Lane's Stochastic (%D-Slow) 80.89
Overbought
Greed/Fear Indicator (GFI) 77.34
Moving Average Converg./Diverg. (MACD) 0.31
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.67
Williams' Percentage Range (W%R) 60.20
Lane's Stochastic (%D-Slow) 38.39
Greed/Fear Indicator (GFI) 41.33
Moving Average Converg./Diverg. (MACD) 0.25
Trading Signals
Description Value Chart
Upper Bollinger Band 15.99
Weekly Trendline Resistance 15.80
Daily Stochastic Crossing 14.64
Price 14.41
Parabolic System 14.11
Weekly Trendline Support 13.24
50 Day Moving Average 13.06
20 Day Moving Average 13.05
Weekly Stochastic Crossing 12.86
Quarterly Trendline Support 12.12
Lower Bollinger Band 10.94
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 7
Industry Hotels, Resorts & Cruise Lines 78
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
Weekly Trend
Monthly Trend
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
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 19.55
High Date 07/05/2023
Low 10.84
Low Date 10/23/2023
Quarterly Trend
Yearly Trend
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
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
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.