CARNIVAL CORP (CCL) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:CCL • PA1436583006
We assign a technical rating of 8 out of 10 to CCL. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CCL is only an average performer.
- The long and short term trends are both positive. This is looking good!
- CCL is part of the Hotels, Restaurants & Leisure industry. There are 132 other stocks in this industry. CCL outperforms 87% of them.
- CCL is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month CCL has a been trading in the 27.76 - 33.15 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- CCL has an average volume of 21047500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that CCL is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although CCL has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
18.40
We found 5 important support areas.
- Support @31.89 from a horizontal line in the weekly time frame.
- A support zone ranging from 28.51 to 28.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @28.02 from a horizontal line in the daily time frame.
- Support @26.86 from a trend line in the daily time frame.
- Support @18.59 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 32.14 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 | 79.58 | POSITIVE | CCL has a high relative strength, it outperformed 79.58% 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) | 60.96 | NEUTRAL | The RSI value for CCL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests CCL has a positive trend. |
| Stochastics (14,3) | 75.36 | NEUTRAL | The Stochastics value for CCL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.51 | MEDIUM VOLATILITY | The ATR as a percentage value for CCL suggests some volalility. |
| Average Directional Index/ADX (14) | 28.97 | POSITIVE | The high ADX value value for CCL suggests a strong trend. |
31.94
-0.51 (-1.57%)
CARNIVAL CORP / CCL FAQ
What is the ChartMill technical rating of CARNIVAL CORP (CCL) stock?
ChartMill assigns a technical rating of 8 / 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 60.9608. 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 31.89 and a resistance level at 32.14. Check the full technical report for our detailed analysis of CCL support and resistance levels.