The Greedy Trader Weekly Analysis
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Carnival Corp.
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Summary:
Weekly :Overbought sectorBroken trend support lineStochastic signal line moved above oversold areaTrend resistance at 59.78
Daily :Williams' Percentage Range is overboughtMACD bearish divergencePrice is close to the 50 Day Moving AverageThe price has risen above the Parabolic SAR
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It was a sixth consecutive positive week for the Carnival Corp. (CCL). During the week, the CCL climbed 0.55 points, or 0.93%, and closed at 59.60 on Friday, August 10, 2018. Weekly volume was -12% below average.

CCL is a member of Services Sector. Services is the second 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 price is near the trend resistance line (59.78). 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 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 (70.79) 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. 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 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 July 3, 2018 at 56.45 and reached 60.32 on August 10, 2018. CCL gained -3.87 points, or -6.86%, in 38 days. The price is now at the 18.60% retracement level.

Daily Technical Indicators: [See CCL daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Williams' Percentage Range help.

The daily MACD line is above its signal line since July 11, 2018. This is an indication that the short-term trend is up.

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.

Price is close to the 50 Day Moving Average. While daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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) 64.08
Williams' Percentage Range (W%R) 16.50
Overbought
Lane's Stochastic (%D-Slow) 70.14
Greed/Fear Indicator (GFI) 72.56
Moving Average Converg./Diverg. (MACD) -0.32 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.86
Williams' Percentage Range (W%R) 74.00
Lane's Stochastic (%D-Slow) 22.73
Greed/Fear Indicator (GFI) 30.41
Moving Average Converg./Diverg. (MACD) -1.61
Trading Signals
Description Value Chart
Quarterly Trendline Support 70.79
Monthly Trendline Resistance 63.52
Upper Bollinger Band 59.93
Yearly Trendline Resistance 59.78
50 Day Moving Average 59.74
Price 59.60
Daily Stochastic Crossing 59.48
Monthly Trendline Support 59.03
20 Day Moving Average 58.61
Weekly Stochastic Crossing 58.54
Lower Bollinger Band 57.73
Parabolic System 57.29
Yearly Trendline Support 50.19
Sector and Industry
Description Name Rank
Sector Services 8
Industry General Entertainment 45
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 56.81
Low Date 07/25/2018
High 60.32
High Date 08/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 56.45
Low Date 07/03/2018
High 60.32
High Date 08/10/2018
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 63.52
Support 59.03
High 72.70
High Date 01/30/2018
Low 56.45
Low Date 07/03/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 83.41
Support 70.79
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 Test Resistance
Resistance 59.78
Support 50.19
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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