The Greedy Trader Weekly Analysis
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Monthly Pattern:Symmetric Triangle
Number of records: 6
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Symmetric Triangle Chart Pattern Analysis - Symmetric Triangle Pattern.
A symmetric triangle pattern represents the area of indecision where the movement direction is questioned. Chart Pattern Analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of a larger trend, but it may also mark the trend reversal. Volume diminishes during the formation and explodes at the breakout. After breakout (similar to rectangle), support may turn into potential resistance and vice versa.
Tips:
# 1 As a continuation pattern, the symmetric triangle usually appears within a young trend characterized by neutral long-term indicators and overbought/oversold short-term indicators. The symmetric triangle resets short-term indicators to neutral and then continues movement in parent's direction.
# 2 As a reversal formation, the symmetric triangle chart pattern appears in a mature trend characterized by overbought/oversold long-term and short-term indicators. This situation usually generates divergence on long-term indicators. For the best results, the symmetric triangle pattern should be considered together with other chart pattern analysis, technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
Symmetric Triangle Pattern,Symmetric Triangle Chart Pattern,Chart Pattern Analysis,chart pattern, charts, pattern, chart analysis, pattern recognition, screener, screening, Trading Signals
Carnival Corp.
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Summary:
Weekly :Overbought sectorStochastic signal line moved below overbought areaPrice is near the Fibonacci 23.6% retracement levelPrice is near the Fibonacci 61.8% retracement level
Daily :Price has crossed below the 50 Day Moving Average
Move cursor over the icon to see details.

It was the negative week for the Carnival Corp. (CCL). During the week, the CCL dropped -3.19 points, or -5.00%, and closed at 60.58 on Friday, October 05, 2018. Weekly volume was 16% above average.

CCL is a member of Services Sector. Services 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 downtrend had started on January 30, 2018 at 72.70 and reached 56.45 on July 3, 2018. CCL lost 16.25 points, or 22.35%, in 22 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See CCL medium-term trend chart]
A medium-term uptrend had started on July 3, 2018 at 56.45 and reached 67.69 on September 26, 2018. CCL gained -11.24 points, or -19.91%, in 12 weeks. Price is near the Fibonacci 61.8% retracement level.

Weekly Technical Indicators: [See CCL weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. 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 Lane's Stochastic help.

The weekly MACD line is above its signal line since August 24, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively 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 downtrend had started on September 26, 2018 at 67.69 and reached 60.18 on October 5, 2018. CCL lost 7.51 points, or 11.09%, in 9 days. The price is now at the 5.33% retracement 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 September 27, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.

During the last week, the price 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) 28.28
Williams' Percentage Range (W%R) 80.00
Lane's Stochastic (%D-Slow) 20.67
Greed/Fear Indicator (GFI) 22.97
Moving Average Converg./Diverg. (MACD) 0.77
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.94
Williams' Percentage Range (W%R) 53.50
Lane's Stochastic (%D-Slow) 79.99
Greed/Fear Indicator (GFI) 60.06
Moving Average Converg./Diverg. (MACD) -0.97
Trading Signals
Description Value Chart
Upper Bollinger Band 67.46
Parabolic System 66.26
Weekly Stochastic Crossing 65.74
20 Day Moving Average 64.17
50 Day Moving Average 61.79
Daily Stochastic Crossing 61.43
Price 60.58
Lower Bollinger Band 59.33
Sector and Industry
Description Name Rank
Sector Services 8
Industry General Entertainment 120
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 67.69
High Date 09/26/2018
Low 60.18
Low Date 10/05/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 67.69
High Date 09/26/2018
Low 60.18
Low Date 10/05/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 56.45
Low Date 07/03/2018
High 67.69
High Date 09/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 72.70
High Date 01/30/2018
Low 56.45
Low Date 07/03/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 14.85
Low Date 11/21/2008
High 72.70
High Date 01/30/2018
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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