Sell signal in observation, week 4
Carnival stock: +5.6% this week as the Sell signal stays unconfirmed
Sell signal in observation, week 4
Our view last week
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.
This week's summary
Carnival stock gains 5.6% in a week that closed sideways, with a clean bounce off the 20-day moving average. The Sell signal, three weeks old, still isn't confirmed: strength drops to 2 out of 100, a decline that looks all but spent. In our weekly technical analysis, Carnival remains in the trading-not-recommended band.
IQS Phase
46
ordinary
Signal Strength
2
decline fading out
Sizing
MINIMUM
Ranking
#109 / 138
US stocks sell signals
Trade P&L %
-3.65%
from signal to date, no stop loss
Rank position
ranks 109th among the 138 sell signals for US stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorConsumer Discretionary
Benchmark ETFXLY
Sector regimein positive regime
Performanceweekly +6.11% · monthly -1.69%
CCL belongs to the consumer discretionary sector (reference ETF XLY). The sector is classified in positive regime according to our weekly reading.
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