The Greedy Trader Weekly Analysis
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Carnival Corp.
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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :Daily  MACD line has moved below its signal linePrice has crossed below the 50 Day Moving AverageBullish Homing Pigeon CandlestickThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Carnival Corp. (CCL). During the week, the CCL dropped -2.88 points, or -4.12%, and closed at 67.07 on Friday, February 09, 2018. It was the worst weekly loss since September 8, 2017. Weekly volume was 28% above 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 (48.44) 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 trend support level is at 65.27 and resistance is at 77.57. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel 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 above its signal line since January 19, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 November 10, 2017 at 63.60 and reached 72.70 on January 30, 2018. CCL gained -9.10 points, or -14.31%, in 81 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 66.37 and resistance is at 72.33. 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 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 below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has declined below 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.

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.

Candlestick pattern: [See CCL candlestick chart pattern]
On Friday the chart has formed a Bullish Homing Pigeon Candlestick pattern. A Bullish Homing Pigeon pattern occurs in a downtrend. Market usually has a tendency to enter into a congestion phase following a Homing Pigeon pattern.The reliability of the Bullish Homing Pigeon is medium. Use the Technical Stock Screener to see the list of stocks that had a Bullish Homing Pigeon Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.87
Williams' Percentage Range (W%R) 68.30
Lane's Stochastic (%D-Slow) 22.64
Greed/Fear Indicator (GFI) 32.38
Moving Average Converg./Diverg. (MACD) 0.63
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.54
Williams' Percentage Range (W%R) 55.70
Lane's Stochastic (%D-Slow) 74.36
Greed/Fear Indicator (GFI) 56.70
Moving Average Converg./Diverg. (MACD) 1.20
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 77.57
Weekly Trendline Resistance 72.33
Upper Bollinger Band 72.05
Weekly Stochastic Crossing 70.78
Parabolic System 70.43
20 Day Moving Average 69.64
50 Day Moving Average 67.81
Price 67.07
Daily Stochastic Crossing 66.87
Weekly Trendline Support 66.37
Lower Bollinger Band 65.96
Quarterly Trendline Support 65.27
Yearly Trendline Resistance 59.01
Sector and Industry
Description Name Rank
Sector Services 9
Industry General Entertainment 101
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 72.70
High Date 01/30/2018
Low 64.80
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 72.33
Support 66.37
Low 63.60
Low Date 11/10/2017
High 72.70
High Date 01/30/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 63.01
Low Date 09/28/2017
High 72.70
High Date 01/30/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 77.57
Support 65.27
Low 40.52
Low Date 02/09/2016
High 72.70
High Date 01/30/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 59.01
Support 48.44
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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