CCL Technical Analysis - CARNIVAL CORP

Technical Rating and Analysis

We assign a technical rating of 2 out of 10 to CCL. CCL has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.

CCL is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.

CCL is part of the Hotels, Restaurants & Leisure industry. There are 135 other stocks in this industry. CCL outperforms 84% of them.

CCL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CCL is lagging the market slightly.

CCL has an average volume of 19964900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.

Looking at the yearly performance, CCL did better than 76% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is bad, CCL does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 28.37. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 28.04, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

17.65

29.51

We found 2 important support areas.

A support zone ranging from 27.69 to 28.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @17.83 from a trend line in the weekly time frame.

We found 1 important resistance area.

A resistance zone ranging from 28.37 to 29.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The short term trend for CCL is down.
ChartMill Relative Strength	76.95	POSITIVE	CCL has a high relative strength, it outperformed 76.95% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of CCL is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of CCL is below a declining 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)	40.02	NEUTRAL	The RSI value for CCL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.04	NEGATIVE	The MACD value suggests CCL has a negative trend, although the MACD value is rising.
Stochastics (14,3)	23.86	NEUTRAL	The Stochastics value for CCL is a neutral value.
Average True Range in percent/ATR (20)	3.91	MEDIUM VOLATILITY	The ATR as a percentage value for CCL suggests some volalility.
Average Directional Index/ADX (14)	9.57	NEGATIVE	The low ADX value for CCL suggests a weak or negative trend.