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AI Analysis of NCLH
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Norwegian Cruise stock downgraded to Hold/Accumulate
(Updated on Jun 11, 2024)

Buy or Hold candidate since Jun 03, 2024 Gain 1.80% PDF

The Norwegian Cruise stock price fell by -0.455% on the last day (Tuesday, 11th Jun 2024) from $17.58 to $17.50. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 1.96% from a day low at $17.35 to a day high of $17.69. The price has fallen in 6 of the last 10 days but is still up by 5.68% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 million shares and in total, 6 million shares were bought and sold for approximately $99.75 million.

The stock lies the upper part of a 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 $18.18 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 -18.60% during the next 3 months and, with a 90% probability hold a price between $12.03 and $14.80 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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NCLH Signals & Forecast

The Norwegian Cruise stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $17.79. On a fall, the stock will find some support from the long-term average at approximately $16.99. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Thursday, May 23, 2024, and so far it has risen 12.40%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Norwegian Cruise stock

Norwegian Cruise finds support from accumulated volume at $16.94 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 $0.340 between high and low, or 1.96%. For the last week, the stock has had daily average volatility of 2.97%.

Our recommended stop-loss: $16.82 (-3.90%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 52 days ago.)

Trading Expectations (NCLH) For The Upcoming Trading Day Of Wednesday 12th

For the upcoming trading day on Wednesday, 12th we expect Norwegian Cruise Line Holdings Ltd. to open at $17.51, and during the day (based on 14 day Average True Range), to move between $16.88 and $18.12, which gives a possible trading interval of +/-$0.617 (+/-3.53%) 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 7.05% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $16.94 (3.20%) than the resistance at $18.17 (3.83%), 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 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: 0.372 Hold/Accumulate Downgraded

Predicted Opening Price for Norwegian Cruise Line Holdings Ltd. of Wednesday, June 12, 2024

Fair opening price June 12, 2024 Current price
$17.51 ( 0.0760%) $17.50

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
R3 17.85 2.02%
R2 17.72 1.28%
R1 17.64 0.82%
Price 17.50
S1 17.38 -0.666%
S2 17.30 -1.12%
S3 17.17 -1.87%

Accumulated Volume Support & Resistance Levels

Level Price
R3 20.54 17.37%
R2 19.39 10.80%
R1 18.17 3.83%
Price 17.50
S1 16.94 -3.20%
S2 16.20 -7.43%
S3 16.08 -8.11%

FAQ

What is the symbol for Norwegian Cruise Stock and on which exchange is it traded?
The symbol for Norwegian Cruise is NCLH and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Norwegian Cruise Stock?
Norwegian Cruise 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.

How to buy Norwegian Cruise Stock?
Norwegian Cruise Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Norwegian Cruise Stock.

What's the current price of Norwegian Cruise Stock?
As of the end of day on the Jun 11, 2024, the price of an Norwegian Cruise (NCLH) share was $17.50.

What is the 52-week high and low for Norwegian Cruise Stock?
The 52-week high for Norwegian Cruise Stock is $22.75 and the 52-week low is $12.71.

What is the market capitalization of Norwegian Cruise Stock?
As of the Jun 11, 2024, the market capitalization of Norwegian Cruise is 7.543B.

When is the next earnings date for Norwegian Cruise?
The upcoming earnings date for Norwegian Cruise is Aug 06, 2024.
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About Norwegian Cruise Line Holdings Ltd.

Norwegian Cruise Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. The company operates the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. It offers itineraries ranging from three days to a 180-days calling on various locations, including destinations in Scandinavia, Russia, the Mediterranean, the Greek Isles, Alaska, Can... NCLH Profile

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