CCL.L closes within previous day's range


Carnival plc (CCL.L) Technical Analysis Report for Jul 13, 2018 [< 1 min read]
Highlights
CCL.L closes below its opening price unable to hold early session gains
CCL.L ends the day on a bearish note closing near the low of the day
CCL.L closes within previous day's range
TQ Sentiment
Report Sentiment: 75% Bearish
Technical Forecast:
Overview

CCL.L finished the week 0.37% higher at 4318.00 after losing £9.00 (-0.21%) today on low volume. Trading £22.00 higher after the open, the market was unable to hold its gains as the bears took control ending the day below its opening price. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range. Ending with a weak close near the low of the day sets a bearish note for the next session.

Daily chart for CCL.L
Volatility

Friday's trading range was £65.00 (1.49%), that's slightly below last trading month's daily average range of £103.80. Things look different on a weekly scale, where volatility is way below the markets average with the monthly volatility being slightly above average.

Support/Resistance

Prices are trading close to the key resistance level at 4344.00.

Trend

The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.

Conclusion

While classical technical analysis indicates a bearish sentiment for the next trading day, our quantitative statistics show a different picture being slightly bullish.

Market Conditions for Carnival plc
ConditionForecastDirectionWinAvgWorstBestEvents
Close to Swing Low TQ Pro Members Only
Black Candle TQ Pro Members Only
Closed below last periods low TQ Pro Members Only
Close to Swing High TQ Pro Members Only
2 Consecutive Lower Closes TQ Pro Members Only
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