CARNIVAL CORP (CCL) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CCL - PA1436583006 - Common Stock
Taking everything into account, CCL scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, CCL has proven to be a steady performer, scoring decent points in every aspect analyzed.
CCL has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 32.12. Right above this resistance zone may be a good entry point.
More info and screens
18.22
5 important support areas can be observed.
- Support @31.88 from a trend line in the daily time frame.
- A support zone ranging from 30.54 to 30.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 27.42 to 27.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @26.27 from a trend line in the daily time frame.
- Support @18.40 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 32.12 to 32.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for CCL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CCL is up. |
| ChartMill Relative Strength | 83.95 | POSITIVE | CCL has a high relative strength, it outperformed 83.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CCL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CCL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CCL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.14 | NEUTRAL | The RSI value for CCL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests CCL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.36 | OVERBOUGHT | The high Stochastics value suggests CCL may be overbought. |
| Average True Range in percent/ATR (20) | 3.26 | MEDIUM VOLATILITY | The ATR as a percentage value for CCL suggests some volalility. |
| Average Directional Index/ADX (14) | 42.42 | POSITIVE | The high ADX value value for CCL suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 32.51 | 31.87 | 0.64 (1.97%) | 25.00% |
| An entry @32.51. This is a Buy Stop order right above the resistance zone. | An exit @31.87. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.64 points, which is 1.97%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.49%. |
- The distance between exit and entry is rather small compared to the average daily movement of CCL. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
32.11
-0.19 (-0.59%)
CARNIVAL CORP / CCL FAQ
What is the ChartMill technical rating of CARNIVAL CORP (CCL) stock?
ChartMill assigns a technical rating of 9 / 10 to CCL.
What is the current trend direction of CARNIVAL CORP (CCL) stock?
The current trend direction for CARNIVAL CORP (CCL) is Bullish.
What is the RSI signal for CARNIVAL CORP (CCL) stock?
CARNIVAL CORP (CCL) has an RSI value of 68.1351. This indicates that the stock is currently neutral.
What is the buy/sell signal for CCL stock?
The buy/sell signal for CARNIVAL CORP (CCL) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for CARNIVAL CORP?
CARNIVAL CORP (CCL) has a support level at 31.88 and a resistance level at 32.12. Check the full technical report for our detailed analysis of CCL support and resistance levels.