CARNIVAL CORP (CCL) Stock Technical Analysis
NYSE:CCL - New York Stock Exchange, Inc. - PA1436583006 - Common Stock - Currency: USD
Taking everything into account, CCL scores 9 out of 10 in our technical rating. In the last year, CCL was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that CCL is one of the better performing stocks in the market, outperforming 90% of all stocks.
CCL is one of the better performing stocks in the Hotels, Restaurants & Leisure industry, it outperforms 81% of 134 stocks in the same industry.
CCL has an average volume of 23839000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CCL is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CCL is lagging the market slightly.
In the last month CCL has a been trading in the 21.62 - 24.66 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, CCL also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 24.24. Right above this resistance zone may be a good entry point.
More info and screens
16.52
24.76
We found 4 important support areas.
- Support @22.82 from a trend line in the daily time frame.
- A support zone ranging from 22.07 to 22.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @17.29 from a trend line in the weekly time frame.
- Support @16.69 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 24.24 to 24.51. 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 | 90 | POSITIVE | CCL has a high relative strength, it outperformed 90% 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) | 55.48 | NEUTRAL | The RSI value for CCL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests CCL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 57.6 | NEUTRAL | The Stochastics value for CCL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.1 | MEDIUM VOLATILITY | The ATR as a percentage value for CCL suggests some volalility. |
| Average Directional Index/ADX (14) | 27.58 | POSITIVE | The high ADX value value for CCL suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 24.52 | 22.81 | 1.71 (6.97%) | 14.34% |
| An entry @24.52. This is a Buy Stop order right above the resistance zone. | An exit @22.81. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.71 points, which is 6.97%. | For a 1.00% total portfolio risk, you can invest 14.34% of your capital in this trade. |
- 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.
23.61
+0.33 (+1.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg1.42%
1 Week-1.09%
2 Weeks-0.92%
1 Month3.1%
3 Month12.75%
6 Month-11.9%
12 Month46.92%
2 Year25.39%
3 Year172.95%
5 Year43.79%
10 Year-52.2%
15 Year-21.92%
Volatility
ATR(14)0.7
ATR(20)%3.1%
ATR Inc1.26%
Range Today0.62
ADR(20)0.62
ADR(20)%2.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90
Mansfield0.75
10 Day High24.66
10 Day Low22.11
20 Day High24.66
20 Day Low21.62
52 Week High28.72
52 Week Low13.78
CS1 End22.82
CR1 Start24.24
Volume & EV
DER(3)1.59%
DER(5)1.04%
Volume19.28M
Volume Incr35.92%
Vol(5)27.42M
Vol(50)23.84M