Norwegian Cruise Stock Forecast
Norwegian Cruise stock downgraded from Buy Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Apr 24, 2024)
The Norwegian Cruise stock price fell by -0.768% on the last day (Wednesday, 24th Apr 2024) from $19.54 to $19.39. During the last trading day the stock fluctuated 2.44% from a day low at $19.24 to a day high of $19.71. The price has risen in 7 of the last 10 days and is up by 5.38% over the past 2 weeks. Volume has increased on the last day by 1 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 12 million shares were bought and sold for approximately $224.80 million.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 12.56% during the next 3 months and, with a 90% probability hold a price between $19.83 and $24.87 at the end of this 3-month period.
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NCLH Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 11.82%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Norwegian Cruise stock
Norwegian Cruise finds support from accumulated volume at $19.09 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.470 between high and low, or 2.44%. For the last week, the stock has had daily average volatility of 3.27%.
Our recommended stop-loss: $18.83 (-2.90%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (NCLH) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Norwegian Cruise Line Holdings Ltd. to open at $19.45, and during the day (based on 14 day Average True Range), to move between $18.64 and $20.14, which gives a possible trading interval of +/-$0.745 (+/-3.84%) up or down from last closing price. If Norwegian Cruise Line Holdings Ltd. takes out the full calculated possible swing range there will be an estimated 7.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $19.63 (1.24%) than the support at $19.09 (1.55%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Norwegian Cruise will release earnings BMO on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.120. We will update the financials statements for Norwegian Cruise, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 8.98% in the first trading day after earnings release.
Is Norwegian Cruise Line Holdings Ltd. stock A Buy?
Norwegian Cruise holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.402 Hold/Accumulate Downgraded
Predicted Opening Price for Norwegian Cruise Line Holdings Ltd. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $19.45 ( 0.292%) | $19.39 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NCLH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.92 | 2.72 % | |
| R2 | 19.74 | 1.79 % | ||
| R1 | 19.63 | 1.22 % | ||
| Current price: | 19.39 | |||
| Support | S1 | 19.27 | -0.634 % | |
| S2 | 19.16 | -1.21 % | ||
| S3 | 18.98 | -2.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.34 | 10.06 % | |
| R2 | 20.54 | 5.93 % | ||
| R1 | 19.63 | 1.24 % | ||
| Current price | 19.39 | |||
| Support | S1 | 19.09 | -1.55% | |
| S2 | 18.70 | -3.56% | ||
| S3 | 16.42 | -15.32% |
FAQ
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