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Advanced TA SearchArchive
- 4/19/2024 -
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Carnival Corp. (CCL) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Carnival Corp. (CCL). During the week, the CCL dropped -0.24 points, or -1.67%, and closed at 14.12 on Friday, April 19, 2024. Weekly volume was -20% 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 downtrend had started on December 22, 2023 at 19.74 and reached 13.80 on April 16, 2024. CCL lost 5.94 points, or 30.09%, in 16 weeks. The price is now at the 5.39% retracement level.
 Weekly Technical Indicators: [See CCL weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. 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 Williams' Percentage Range help.
The weekly MACD line is below its signal line since February 2, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See CCL short-term trend chart]
A short-term downtrend had started on March 27, 2024 at 17.68 and reached 13.80 on April 16, 2024. CCL lost 3.88 points, or 21.95%, in 20 days. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (13.35) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a short-term trend.
 Daily Technical Indicators: [See CCL daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since April 1, 2024. This is an indication that the short-term trend is down.
During the last week, the 20 Day Moving Average 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.
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