Norwegian Cruise Line Holdings Ltd. Stock Forecast
Norwegian Cruise Line Holdings Ltd. stock downgraded to Hold/Accumulate
(Updated on Jun 26, 2024)
The Norwegian Cruise Line Holdings Ltd. stock price gained 1.09% on the last trading day (Wednesday, 26th Jun 2024), rising from $18.32 to $18.52. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.60% from a day low at $18.09 to a day high of $18.56. The price has risen in 6 of the last 10 days and is up by 2.87% over the past 2 weeks. Volume fell on the last day by -160 thousand shares and in total, 8 thousand shares were bought and sold for approximately $150.97 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $19.10 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -11.29% during the next 3 months and, with a 90% probability hold a price between $12.93 and $16.94 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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0UC3.L Signals & Forecast
The Norwegian Cruise Line Holdings Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $17.49 and $16.82. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 15, 2024, and so far it has risen 18.04%. 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 fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Norwegian Cruise Line Holdings Ltd. stock
Norwegian Cruise Line Holdings Ltd. finds support from accumulated volume at $18.32 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.471 between high and low, or 2.60%. For the last week the stock has had daily average volatility of 2.27%.
Our recommended stop-loss: $17.88 (-3.48%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 61 days ago.)
Trading Expectations (0UC3.L) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Norwegian Cruise Line Holdings Ltd. to open at $18.39, and during the day (based on 14 day Average True Range), to move between $17.97 and $19.07, which gives a possible trading interval of +/-$0.552 (+/-2.98%) 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 5.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $18.32 (1.08%) than the resistance at $19.20 (3.66%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Norwegian Cruise Line Holdings Ltd. stock A Buy?
Norwegian Cruise Line Holdings Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Norwegian Cruise Line Holdings Ltd. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $18.39 ( 0.704%) | $18.52 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0UC3.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 18.86 | 1.84% |
| R2 | 18.68 | 0.87% |
| R1 | 18.57 | 0.268% |
| Price | 18.52 | |
| S1 | 18.21 | -1.68% |
| S2 | 18.10 | -2.28% |
| S3 | 17.92 | -3.25% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.11 | 8.58% |
| R2 | 19.23 | 3.83% |
| R1 | 19.20 | 3.66% |
| Price | 18.52 | |
| S1 | 18.32 | -1.08% |
| S2 | 16.52 | -10.81% |
| S3 | 16.16 | -12.75% |
0UC3 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 15, 2022 | Mar 15, 2022 | Mar 15, 2022 | $0.285 | 1.58% |
FAQ
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