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Carnival Corporation: week-one sell signal, but our model advises against opening

Carnival Corporation enters a sell signal at week one, ranking 35th out of 80 with a signal strength of 21 out of 100. Quality band flags trading not recommended: a daily double bottom pattern raises the risk of opening a new short position according to our model.

In Summary
Carnival Corporation enters a week-one sell signal, ranking 35th out of 80 US sell signals with a signal strength of 21 out of 100 and fading. The quality band flags trading not recommended: the daily chart shows a double bottom in the 23/24 area, a counter-signal to the short trade that makes any new opening high-risk according to our model.
Fresh sell signal ·1st week from start ·US stocks ·T2
IQS Phase
73
in tension
Signal Strength
21
low · fading
Sizing
MINIMUM
Ranking
#35 / 80
New us stocks
Chart · Weekly — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
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