Norwegian Cruise Stock Forecast
Stronger technical forecast for Norwegian Cruise stock price after Monday trading.
(Updated on Jun 17, 2024)
The Norwegian Cruise stock price gained 2.11% on the last trading day (Monday, 17th Jun 2024), rising from $16.56 to $16.91. During the last trading day the stock fluctuated 5.04% from a day low at $16.18 to a day high of $17.00. The price has fallen in 6 of the last 10 days and is down by -1.63% for this period. Volume fell on the last day by -5 million shares and in total, 16 million shares were bought and sold for approximately $268.11 million. 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 in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -17.53% during the next 3 months and, with a 90% probability hold a price between $12.04 and $14.81 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
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 $17.46. On a fall, the stock will find some support from the long-term average at approximately $16.77. 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 8.61%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Norwegian Cruise stock
Norwegian Cruise finds support from accumulated volume at $16.56 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 $0.82 between high and low, or 5.04%. For the last week, the stock has had daily average volatility of 4.01%.
Our recommended stop-loss: $16.33 (-3.44%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 56 days ago.)
Trading Expectations (NCLH) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Norwegian Cruise Line Holdings Ltd. to open at $16.70, and during the day (based on 14 day Average True Range), to move between $16.22 and $17.60, which gives a possible trading interval of +/-$0.693 (+/-4.10%) 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 8.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $16.94 (0.18%) than the support at $16.56 (2.07%), 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.
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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.849 Hold/Accumulate Upgraded
Predicted Opening Price for Norwegian Cruise Line Holdings Ltd. of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $16.70 ( 1.27%) | $16.91 |
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 | 17.51 | 3.55% |
| R2 | 17.20 | 1.71% |
| R1 | 17.01 | 0.570% |
| Price | 16.91 | |
| S1 | 16.38 | -3.11% |
| S2 | 16.19 | -4.25% |
| S3 | 15.88 | -6.09% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 19.39 | 14.67% |
| R2 | 18.17 | 7.45% |
| R1 | 16.94 | 0.177% |
| Price | 16.91 | |
| S1 | 16.56 | -2.07% |
| S2 | 16.20 | -4.20% |
| S3 | 16.08 | -4.91% |
FAQ
Click here for our free guide on how to buy Norwegian Cruise Stock.
