CCL.L closes within previous day's range


Carnival plc (CCL.L) Technical Analysis Report for Jul 13, 2018 | by Techniquant Editorial Team

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

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 Candlestick Chart (CCL.L as at Jul 13, 2018):

Daily technical analysis candlestick chart for Carnival plc (CCL.L) as at Jul 13, 2018

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.

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

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


Market Conditions for CCL.L as at Jul 13, 2018

Loading Market Conditions for CCL.L (Carnival plc)...
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CCL.L breaks below Wednesday's low

Dec 13, 2018
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