CUK Technical Analysis - CARNIVAL PLC-ADR

Technical Rating and Analysis

Overall CUK gets a technical rating of 5 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.

The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!

CUK is one of the better performing stocks in the Hotels, Restaurants & Leisure industry, it outperforms 84% of 134 stocks in the same industry.

CUK 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 CUK is lagging the market slightly.

CUK has an average volume of 1690570 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 CUK is one of the better performing stocks in the market, outperforming 83% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

In the last month CUK has a been trading in the 25.09 - 29.45 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

CARNIVAL PLC-ADR / CUK Weekly stock chart

CARNIVAL PLC-ADR / CUK Daily stock chart

Setup Rating and Analysis

Although the technical rating is only medium, CUK does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 26.56, 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

16.00

29.87

We found 3 important support areas.

A support zone ranging from 25.91 to 26.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 25.26 to 25.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @16.16 from a trend line in the weekly time frame.

We found 1 important resistance area.

Resistance @29.57 from a horizontal line in the daily time frame.

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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 CUK is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for CUK is neutral.
ChartMill Relative Strength	83.24	POSITIVE	CUK has a high relative strength, it outperformed 83.24% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of CUK is above a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of CUK is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of CUK is above the rising SMA(200).
Relative Strength Index/RSI (14)	52.83	NEUTRAL	The RSI value for CUK is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.14	POSITIVE	The MACD value suggests CUK has a positive trend.
Stochastics (14,3)	81.44	OVERBOUGHT	The high Stochastics value suggests CUK may be overbought.
Average True Range in percent/ATR (20)	3.41	MEDIUM VOLATILITY	The ATR as a percentage value for CUK suggests some volalility.
Average Directional Index/ADX (14)	10.45	NEGATIVE	The low ADX value for CUK suggests a weak or negative trend.