A technical analysis of NORWEGIAN CRUISE LINE HOLDIN.

Our stockscreener has identified a possible breakout setup on NORWEGIAN CRUISE LINE HOLDIN (NYSE:NCLH). This occurs when the stock consolidates following a significant upward movement. While the breakout outcome cannot be guaranteed, it may be worth monitoring NYSE:NCLH for potential opportunities.

Technical analysis of NYSE:NCLH

ChartMill assigns a Technical Rating to every stock. This score, ranging from 0 to 10, is updated daily and is determined by evaluating multiple technical indicators and properties.

We assign a technical rating of 9 out of 10 to NCLH. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NCLH is showing a nice and steady performance.

• The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
• When comparing the yearly performance of all stocks, we notice that NCLH is one of the better performing stocks in the market, outperforming 85% of all stocks.
• NCLH is part of the Hotels, Restaurants & Leisure industry. There are 134 other stocks in this industry. NCLH outperforms 76% 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 25.06 - 28.64 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Check the latest full technical report of NCLH for a complete technical analysis.

How does the Setup look for NYSE:NCLH

In addition to the Technical Rating, ChartMill provides a Setup Rating for each stock. This rating, ranging from 0 to 10, assesses the extent of consolidation in the stock based on multiple short-term technical indicators. Currently, NYSE:NCLH has a 8 as its setup rating:

NCLH has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 26.38, a Stop Loss order could be placed below this zone.

How can NYSE:NCLH be traded?

A breakout opportunity may arise when the stock surpasses the current consolidation zone and reaches new highs. Traders often wait for this breakout before considering buying the stock. To manage risk, a stop loss order could be placed below the consolidation zone to limit potential losses.

This article should in no way be interpreted as trading advice. You should always make your own analysis and trade or not trade based on your own observations and style. The article is based purely on some technical observations.

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

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.