Fresh buy · US stocks · week 1
Carnival jumps 15.8%: a new Buy signal, with the 50-week average still overhead
Our view last week
After 6 straight losing weeks, Carnival closed up 1.9% and the sellers loosened their grip: last week they held 97% of volume, now 58%. The bounce stalled below the 20-day moving average, in the 23 area, though, and the MACD stays below its Signal line. The short on Carnival stock is up 13.5% since entry, and earnings on September 29, due in the week ahead, can move the price either way: a swing trading case to watch closely, and a price action test worth following.
This week's summary
A 15.8% jump in one week turns the Carnival picture around: a week ago it was still a short in profit, now a new Buy signal has fired. The bounce started at the 50-day moving average, in the 25 area, with a clean rebound. Carnival stock is still below its 50-week average, though, with the weekly MACD under its Signal line and money flow negative: one of the US stocks with a fresh buy signal, a wide and volatile swing trading case to follow with discipline.
IQS Phase
43
ordinary
Signal Strength
72
high · wide & volatile
Sizing
FULL
Ranking
#4 / 6
New us stocks
Trade P&L %
+0.00%
from signal to date, no stop loss
Carnival (CCL) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 4th among the 6 fresh Longs for US stocks in our ranking, with a signal strength of 72 out of 100.
Sector context
SectorConsumer Discretionary
Benchmark ETFXLY
Sector regimeweak phase
Performanceweekly -0.47% · monthly -4.20%
CCL belongs to the consumer discretionary sector (reference ETF XLY). The sector is classified weak phase according to our weekly reading.
restricted Platinum content