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Uptrend Broken SupportArchive
- 12/13/2024 -
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Norwegian (NCLH) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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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.
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