The Greedy Trader Weekly Analysis
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Weekly W%R:> 80
Number of records: 10
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Williams' Percentage Range (W%R)

Williams' %R is an effective momentum indicator that measures overbought/oversold levels. Like other indicators, W%R ranges between 0% and 100% , but in opposite to the other indicators, the 0% indicating overbought and 100% - the oversold stocks. W%R measures the closing price in relation to the recent low/high range. A bullish signal is generated when the W%R has reached 100, five time bars have elapsed, and the W%R has subsequently fallen to 95. A reverse signal is considered as bearish. For the sake of simplicity, the W%R closed above 10% is considered bearish and below 90% - bullish. In trending markets, the W%R stays at one end of the scale and gives false signals to trade against the trend. That is why W%R is not considered a stand-along technique, and it is essential to use it with some sort of trend formation indicators. The divergence between price and W%R rarely occurs and presents an important buy/sell signal. As our research shows, the W%R move to upper or lower bounds can be used as an earliest signal of an impending reversal. Using the Williams %R bullish divergence/bearish divergence, chart patterns, trendlines, support, and resistance lines along with the W%R chart can be very useful.

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- 3/15/2024 -
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Carnival Corp. (CCL) Technical Analysis

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Summary:
Weekly :Stochastic signal line moved above oversold area
Daily :Price is close to the 50 Day Moving Average
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It was the negative week for the Carnival Corp. (CCL). During the week, the CCL gave back -0.11 points, or -0.67%, and closed at 16.26 on Friday, March 15, 2024. Weekly volume was -29% 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. A Descending Triangle is a variation of triangle formation that has a flat support line and falling resistance line. The lower highs indicate the decreasing demand and give the descending triangle definitive bearish bias. A Descending Triangle usually represents a distribution stage in bearish market. A Descending Triangle is considered to be a continuation pattern, especially in a down trend, but it may also mark a reversal in an uptrend. Use the following link to access a Descending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Descending Triangle pattern 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 19.74 on December 22, 2023. CCL gained -13.63 points, or -223.08%, in 62 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 12.72 and resistance is at 31.63. 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. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 below its signal line since February 2, 2024. The distance between MACD and the signal line is low and getting smaller. 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 February 20, 2024 at 14.44 and reached 16.94 on March 13, 2024. CCL gained -2.50 points, or -17.31%, in 22 days. The chart has formed a Rising Channel chart pattern.

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

The daily MACD line is above its signal line since February 26, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

Price is close to the 50 Day Moving Average. 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) 66.09
Williams' Percentage Range (W%R) 30.00
Lane's Stochastic (%D-Slow) 58.08
Greed/Fear Indicator (GFI) 64.72
Moving Average Converg./Diverg. (MACD) 0.00
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.23
Williams' Percentage Range (W%R) 39.90
Lane's Stochastic (%D-Slow) 27.26
Greed/Fear Indicator (GFI) 44.06
Moving Average Converg./Diverg. (MACD) 0.60
Trading Signals
Description Value Chart
Upper Bollinger Band 17.16
Daily Stochastic Crossing 16.38
Price 16.26
50 Day Moving Average 16.15
Parabolic System 16.06
20 Day Moving Average 15.72
Weekly Stochastic Crossing 15.44
Lower Bollinger Band 14.80
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 7
Industry Hotels, Resorts & Cruise Lines 64
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 14.44
Low Date 02/20/2024
High 16.94
High Date 03/13/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 19.74
High Date 12/22/2023
Low 14.44
Low Date 02/20/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 10.84
Low Date 10/23/2023
High 19.74
High Date 12/22/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 31.63
Support 12.72
Low 6.11
Low Date 10/11/2022
High 19.74
High Date 12/22/2023
Description Value
Direction Down
Chart Pattern Descending Triangle
Status
Resistance
Support
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.