Carnival's Sell signal loses momentum
Carnival slips 1.6% as its Sell signal loses strength in week two
Carnival's Sell signal loses momentum
Our view last week
Carnival's picture flipped in just seven days: last week the stock was still in week 3 of a confirmed buy, with signal strength at 70; this week a 3.9% drop triggered a fresh Sell signal, 2nd among the 137 US sell signals in our ranking. Carnival weekly technical analysis: price is boxed between the daily pivot point in the 27 area and the Kumo ceiling in the 26.8 area, with the stock still 13.3% above its 200-week average.
This week's summary
Carnival's shares are inside a Sell signal now in its second week, but the rhythm has shifted: the drop that lit it up was 3.9%, while this week the stock gave up only 1.6%, and the daily chart shows a clean double bottom in the 25 area with a rebound already at 25%. Signal strength drops to 12 out of 100 — a decline losing steam. In our weekly technical analysis Carnival slips to 104th among the 140 US sell signals, quality band: trading not recommended.
IQS Phase
58
ordinary
Signal Strength
12
decline losing steam
Sizing
MINIMUM
Ranking
#104 / 140
US stocks sell signals
Trade P&L %
+1.57%
from signal to today
restricted Platinum content