The Greedy Trader Weekly Analysis
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Carnival Corp.
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Summary:
Weekly :Broken trend resistance line
Daily :Stochastic signal line moved below overbought areaDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger BandsThe period of low volatility of the stock pricePrice 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 dropped -0.71 points, or -1.06%, and closed at 66.00 on Friday, December 01, 2017. Weekly volume was 17% above 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 (47.79) 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 51.95 and resistance is at 72.83. 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 November 10, 2017 at 63.60 and reached 67.31 on November 21, 2017. CCL gained -3.71 points, or -5.83%, in 11 days. The price is now at the 35.31% retracement level.

Daily Technical Indicators: [See CCL daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily 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.

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 fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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 declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 3.09% on Friday. It is 50.26% lower than one year average. It indicates the period of low volatility of the stock price. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.36
Williams' Percentage Range (W%R) 59.10
Lane's Stochastic (%D-Slow) 43.23
Greed/Fear Indicator (GFI) 48.82
Moving Average Converg./Diverg. (MACD) 0.02
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.23
Williams' Percentage Range (W%R) 66.40
Lane's Stochastic (%D-Slow) 50.28
Greed/Fear Indicator (GFI) 44.77
Moving Average Converg./Diverg. (MACD) 1.59
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 72.83
Parabolic System 67.14
Upper Bollinger Band 67.12
Monthly Trendline Resistance 67.07
Weekly Stochastic Crossing 66.17
20 Day Moving Average 66.04
Price 66.00
50 Day Moving Average 65.94
Daily Stochastic Crossing 65.59
Lower Bollinger Band 65.09
Monthly Trendline Support 63.87
Yearly Trendline Resistance 58.72
Sector and Industry
Description Name Rank
Sector Services 4
Industry General Entertainment 48
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 63.60
Low Date 11/10/2017
High 67.31
High Date 11/21/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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 Valid
Resistance 67.07
Support 63.87
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 72.83
Support 51.95
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 58.72
Support 47.79
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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