Norwegian Cruise Line Holdings Ltd. is a cruise company that operates three brands: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. It offers cruises from three to 180 days to various destinations worldwide. It sells its products through retail/travel advisors, onboard cruises, meetings, incentives, and charter channels. It was founded in 1966 and is headquartered in Miami, Florida.
At press time, Norwegian Cruise stock price was $16.40 with an intraday minor loss of -1.03% trading below the major EMAs, showing that bears are in control over the charts. Moreover, the intraday trading volume of NCLH is 6.329 Million less than the 10-day aggregate volume of 8.641 Million.
The price action highlights that Norwegian Cruise Line Holdings, Ltd. ( NYSE: NCLH) stock price took support from a low of $11.99 on March 24th and made higher highs and lows and made continuous breaks of structure till $22.74 and the upward rally gave nearly 86% by August 18th.
Thereafter, the NCLH stock price could not sustain the high of $44 and fell to the 23.60% Fibonacci level near $20. However, the price did not hold this level and dropped further, breaking the trendline and testing the 61.80% Fibonacci level around $16.
However, the stock broke the previous swing low at around 38.20% Fibonacci level and we noticed a change of character in the market structure of NCLH stock.
Therefore, if Norwegian Cruise fails to maintain its current level, the price could continue to drag downwards and hit the nearest support levels around $13.97 and $11.96.
Alternatively, if the stock price sustains the current level and Norwegian Cruise’s price increases, then it might reach the nearest resistance levels of $17.99 and $20.99.
According to Simply Wall St., a financial analysis website, Norwegian Cruise Line Holdings Ltd. (NCLH) stock is undervalued based on its Price-To-sales ratio. This ratio measures how much the market is willing to pay for each dollar of sales. Moreover, the website estimates that the fair Price-To-sales ratio for NCLH is 1.8x, while the actual ratio is 1x. This means that the stock is trading at a lower price than its fair value. The website also compares NCLH’s ratio to the industry average, which is 1.5x. This means that NCLH is cheaper than its peers in the cruise industry.
Technical Analysis of NCLH Stock Price in 1-D Timeframe
At the press time, Norwegian Cruise Line Holdings, Ltd. (NYSE: NCLH) is trading beneath the 20, and 50-day EMA. RSI indicates bearishness for NCLH price, the current value of RSI is 34.12 points. The 14 SMA is below the median line at 35.34, it’s observed that the RSI and 14 SMA are below the neutral lin
MACD indicates no signal both lines are steep and the gap of a histogram is near null which expresses consolidation to bearish hints for the Norwegian Cruise stock price.
Summary
Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) stock prices are negative on the 1-D time frame. The price action for NCLH price forecasts a bearish overview at the time of publishing. The technical oscillators of Norwegian Cruise stock price also support bearishness. The EMA, RSI, and MACD highlight neutral to downward hints in the NCLH share price.
Technical Levels
- Support levels: The nearest support levels for NCLH price are $13.97 and $11.96.
- Resistance levels: The nearest resistance levels for the NCLH price are $17.99 and $20.9.
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.
Source: https://www.thecoinrepublic.com/2023/09/04/nclh-stock-forecast-can-nyse-nclh-deprive-more-or-sustain/