Carnival's rebound loses steam
Carnival slips 0.3% as the rebound stalls and the Sell signal fades further
Carnival's rebound loses steam
Our view last week
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.
This week's summary
Carnival's rebound has stalled: after the double bottom in the 25 area, the week closes almost flat, at -0.3%, with price boxed between resistance in the 26.4 area and support in the 25.1 area. The Sell signal keeps losing shine — strength drops to 3 out of 100 — while money flow stays on the sell side. In our weekly technical analysis, Carnival's stock remains in the trading-not-recommended quality band.
IQS Phase
73
in tension
Signal Strength
3
decline losing steam
Sizing
MINIMUM
Ranking
#124 / 141
US stocks sell signals
Trade P&L %
+1.86%
from signal to today
Rank position
ranks 124th among the 141 sell signals for US stocks in our ranking, with a signal strength of 3 out of 100.
Sector context
SectorConsumer Discretionary
Benchmark ETFXLY
Sector regimeweak phase
Performanceweekly -5.22% · monthly -4.92%
CCL belongs to the consumer discretionary sector (reference ETF XLY). The sector is classified weak phase according to our weekly reading.
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