CCL.L closes within prior day's range after lackluster session
CCL.L ended Thursday at 4946.00 edging lower £15.00 (-0.3%). Trading up to £28.00 lower after the open, Carnival managed to reverse during the session as bulls took control ending the day above its opening price. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range in a lackluster session. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Thursday's trading range was £56.00 (1.13%), that's below last trading month's daily average range of £73.70. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly below average.
After having been unable to move lower than 4912.00 in the previous session, the stock found buyers again around the same price level today at 4917.00.
Though still in a long-term downtrend, the short and medium-term trends both turned bullish already.
With prices trading close to this year's high at 5090.00, upside momentum might accelerate should the share be able to break out to new highs for the year.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.
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