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|It was a second consecutive positive week for the Carnival Corp. (CCL). During the week, the CCL gained 0.82 points, or 1.28%, and closed at 64.84 on Friday, May 18, 2018. Weekly volume was -9% below average. |
CCL is a member of Services Sector. Services is the 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 uptrend had started on November 21, 2008 at 14.85 and reached 72.70 on January 30, 2018. CCL gained -57.85 points, or -389.56%, in 479 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (49.39) 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 72.70 on January 30, 2018. CCL gained -32.18 points, or -79.42%, in 103 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (67.88) is broken. A broken support is considered to be a long-term bearish signal. 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 support 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 February 23, 2018. 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 May 3, 2018 at 62.27 and reached 66.00 on May 16, 2018. CCL gained -3.73 points, or -5.99%, in 13 days. The chart has formed a Broadening Ascending Wedge 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 May 9, 2018. This is an indication that the short-term trend is up.
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.
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.