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, but we do observe some doubts in the very recent evolution.
In the last month CCL has a been trading in the 28.07 - 31.01 range, which is quite wide. It is currently trading near the lows of this range.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, CCL did better than 94% of all other stocks. On top of that, CCL also shows a nice and consistent pattern of rising prices.
CCL is one of the better performing stocks in the Hotels, Restaurants & Leisure industry, it outperforms 92% of 131 stocks in the same industry.
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 23683300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
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 support zone below the current price at 28.36, a Stop Loss order could be placed below this zone.
More info and screens
17.62
31.05
We found 3 important support areas.
- A support zone ranging from 28.36 to 28.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 27.18 to 27.58. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @17.80 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 29.40 to 29.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @30.74 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for CCL is neutral. |
| ChartMill Relative Strength | 94.23 | POSITIVE | CCL has a high relative strength, it outperformed 94.23% 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) | 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) | 46.51 | NEUTRAL | The RSI value for CCL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.33 | NEGATIVE | The MACD value suggests CCL has a negative trend. |
| Stochastics (14,3) | 27.35 | NEUTRAL | The Stochastics value for CCL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.9 | MEDIUM VOLATILITY | The ATR as a percentage value for CCL suggests some volalility. |
| Average Directional Index/ADX (14) | 23.68 | NEUTRAL | The ADX value for CCL suggests a possible start of a new 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 |
|---|---|---|---|
| 29.41 | 28.35 | 1.06 (3.61%) | 25.00% |
| An entry @29.41. This is a Buy Stop order right above the 10 day moving average. | An exit @28.35. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.06 points, which is 3.61%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.90%. |
- 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.
28.37
-0.64 (-2.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-2.21%
1 Week-2.41%
2 Weeks-4.64%
1 Month-1.01%
3 Month40.52%
6 Month6.06%
12 Month92.08%
2 Year79.33%
3 Year199.89%
5 Year72.15%
10 Year-42.37%
15 Year-9.01%
Volatility
ATR(14)0.9
ATR(20)%2.9%
ATR Inc11.6%
Range Today0.82
ADR(20)0.74
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
CRS94.23
Mansfield1.48
10 Day High30.92
10 Day Low28.07
20 Day High31.01
20 Day Low28.07
52 Week High31.01
52 Week Low14.49
CS1 End28.36
CR1 Start29.4
Volume & EV
DER(3)-1.79%
DER(5)-1.56%
Volume18.06M
Volume Incr-30.36%
Vol(5)14.56M
Vol(50)23.68M