Norwegian Cruise Line Technical Analysis (NYSE:NCLH)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The NCLH stock chart pattern can give those who understand technical analysis an indication of which way NCLH stock is headed, but cannot predict with 100% certainty as to what can happen to the Norwegian Cruise Line stock price.
See Norwegian Cruise Line bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Norwegian Cruise Line stock analysis that does not care for the fair value of a company but uses price and volume data only.
Norwegian Cruise Line Moving Average
Moving averages help predict the price direction of NCLH stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $53.53 is below the price of $56.92.
Norwegian Cruise Line Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Norwegian Cruise Line. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Norwegian Cruise Line bollinger bands show that the stock price is $56.92, upper band is 55.17, lower band is 51.9, and the average is 53.53.
Norwegian Cruise Line Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Norwegian Cruise Line MACD line is above the signal line.
Norwegian Cruise Line Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . If the RSI of NCLH stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.