The Greedy Trader Weekly Analysis
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Monthly Pattern:Symmetric Triangle
Number of records: 4
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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
Archive
- 12/8/2017
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Carnival Corp.
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Summary:
Weekly :Broken trend resistance line
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARTrend resistance at 66.75The price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Carnival Corp. (CCL). During the week, the CCL gained 0.91 points, or 1.38%, and closed at 66.91 on Friday, December 08, 2017. Weekly volume was -11% below average.

Long-term trend: [See CCL long-term trend chart]
A long-term uptrend had started on November 21, 2008 at 14.85 and reached 69.89 on September 1, 2017. CCL gained -55.04 points, or -370.64%, in 458 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (47.86) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 February 9, 2016 at 40.52 and reached 69.89 on September 1, 2017. CCL gained -29.37 points, or -72.48%, in 81 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 52.07 and resistance is at 73.06. 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 18, 2017. 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 September 28, 2017 at 63.01 and reached 68.50 on October 17, 2017. CCL gained -5.49 points, or -8.71%, in 19 days. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend resistance line (66.75). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a short-term trend.

Daily Technical Indicators: [See CCL daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.99
Williams' Percentage Range (W%R) 36.40
Lane's Stochastic (%D-Slow) 60.56
Greed/Fear Indicator (GFI) 59.70
Moving Average Converg./Diverg. (MACD) 0.04
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.08
Williams' Percentage Range (W%R) 51.90
Lane's Stochastic (%D-Slow) 53.65
Greed/Fear Indicator (GFI) 49.76
Moving Average Converg./Diverg. (MACD) 1.48
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 73.06
Upper Bollinger Band 67.37
Price 66.91
Monthly Trendline Resistance 66.84
Weekly Trendline Resistance 66.75
Weekly Stochastic Crossing 66.31
Daily Stochastic Crossing 66.27
50 Day Moving Average 66.17
20 Day Moving Average 66.17
Lower Bollinger Band 65.11
Parabolic System 64.52
Weekly Trendline Support 64.32
Monthly Trendline Support 63.96
Yearly Trendline Resistance 58.75
Sector and Industry
Description Name Rank
Sector Services 7
Industry General Entertainment 45
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 63.60
Low Date 11/10/2017
High 67.88
High Date 12/04/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Test Resistance
Resistance 66.75
Support 64.32
Low 63.01
Low Date 09/28/2017
High 68.50
High Date 10/17/2017
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Test Resistance
Resistance 66.84
Support 63.96
High 69.89
High Date 09/01/2017
Low 63.01
Low Date 09/28/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 73.06
Support 52.07
Low 40.52
Low Date 02/09/2016
High 69.89
High Date 09/01/2017
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 58.75
Support 47.86
Low 14.85
Low Date 11/21/2008
High 69.89
High Date 09/01/2017
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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