The Greedy Trader Weekly Analysis
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- 12/13/2024 -
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Norwegian (NCLH) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend support lineRelative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overboughtBroken trend resistance line
Daily :The price is close to the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
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It was the negative week for the Norwegian (NCLH). During the week, the NCLH dropped -0.85 points, or -3.07%, and closed at 26.80 on Friday, December 13, 2024. Weekly volume was -18% below average.

NCLH is a member of Consumer Discretionary Sector. Consumer Discretionary is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See NCLH long-term trend chart]
A long-term uptrend had started on November 9, 2023 at 12.71 and reached 28.64 on December 2, 2024. NCLH gained -15.93 points, or -125.33%, in 55 weeks. The chart has formed a Falling Channel chart pattern. The uptrend resistance line (13.97) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See NCLH medium-term trend chart]
A medium-term uptrend had started on August 5, 2024 at 14.69 and reached 28.64 on December 2, 2024. NCLH gained -13.95 points, or -94.96%, in 17 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (28.46) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See NCLH weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since September 13, 2024. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See NCLH short-term trend chart]
A short-term downtrend had started on December 2, 2024 at 28.64 and reached 25.92 on December 9, 2024. NCLH lost 2.72 points, or 9.50%, in 7 days. The price is now at the 32.35% retracement level.

Daily Technical Indicators: [See NCLH daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since November 14, 2024. This is an indication that the short-term trend is down.

The price is close to the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 9.55% on Friday. It is 58.34% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.86
Williams' Percentage Range (W%R) 36.60
Lane's Stochastic (%D-Slow) 25.68
Greed/Fear Indicator (GFI) 46.65
Moving Average Converg./Diverg. (MACD) 0.60
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 81.39
Overbought
Williams' Percentage Range (W%R) 9.40
Strong Overbought
Lane's Stochastic (%D-Slow) 84.52
Overbought
Greed/Fear Indicator (GFI) 78.70
Moving Average Converg./Diverg. (MACD) 1.84
Trading Signals
Description Value Chart
Monthly Trendline Resistance 31.66
Monthly Trendline Support 28.46
Upper Bollinger Band 28.03
Weekly Stochastic Crossing 27.61
20 Day Moving Average 26.91
Price 26.80
Daily Stochastic Crossing 26.72
Lower Bollinger Band 25.46
50 Day Moving Average 25.43
Parabolic System
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 8
Industry Hotels, Resorts & Cruise Lines 121
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 28.64
High Date 12/02/2024
Low 25.92
Low Date 12/09/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 28.64
High Date 12/02/2024
Low 25.92
Low Date 12/09/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 31.66
Support 28.46
Low 14.69
Low Date 08/05/2024
High 28.64
High Date 12/02/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 19.61
Support 13.97
Low 12.71
Low Date 11/09/2023
High 28.64
High Date 12/02/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 10.31
Low Date 06/16/2022
High 28.64
High Date 12/02/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.