In-Depth Technical Analysis of NORWEGIAN CRUISE LINE HOLDIN.

We've identified NORWEGIAN CRUISE LINE HOLDIN (NYSE:NCLH) as a potential breakout candidate based on our stock screener's analysis. This breakout setup pattern suggests that after a strong uptrend, the stock is currently consolidating, potentially signaling a continuation of the trend. Keep an eye on NYSE:NCLH for further developments.

Technical Analysis Observations

Every day ChartMill assigns a Technical Rating to every stock. The score ranges from 0 to 10 and is determined by evaluating multiple technical indicators and properties.

We assign a technical rating of 10 out of 10 to NCLH. Both in the recent history as in the last year, NCLH has proven to be a steady performer, scoring decent points in every aspect analyzed.

• The long and short term trends are both positive. This is looking good!
• Looking at the yearly performance, NCLH did better than 81% of all other stocks. We also observe that the gains produced by NCLH over the past year are nicely spread over this period.
• NCLH is part of the Hotels, Restaurants & Leisure industry. There are 135 other stocks in this industry. NCLH outperforms 73% of them.
• NCLH is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NCLH is lagging the market slightly.
• In the last month NCLH has a been trading in the 17.67 - 21.58 range, which is quite wide. It is currently trading near the high of this range.

Our latest full technical report of NCLH contains the most current technical analsysis.

Looking at the Setup

Next to the Technical Rating, the Setup Rating of a stock determines to which extend the stock is consolidating. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. For NYSE:NCLH this score is currently 8:

NCLH has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 20.95. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 20.39, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NCLH in the last couple of days, which is a good sign.

Trading setups like NYSE:NCLH

One way to play this would be to wait for the actual breakout to happen and buy when the stock breaks out above the current consolidation zone. A possible place for a stop loss would be below this zone.

Of course, there are many ways to trade or not trade NYSE:NCLH and this article should in no way be interpreted as trading advice. The article is purely based on an automated technical analysis and just points out the technical observations. Always make your own analysis and trade at your own responsibility.

Every day, new breakout setups can be found on ChartMill in our Breakout screener.

Disclaimer

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.