NCLH closes higher for the 3rd day in a row

Norwegian Cruise Line (NCLH) Technical Analysis Report for Sep 14, 2018

Highlights

NCLH rallies 2.74% on high volume
NCLH dominated by bulls lifting the market higher throughout the day
NCLH closes higher for the 3rd day in a row
NCLH ends the day on a bullish note closing near the high of the day
NCLH pushes through previous session high

TQ Sentiment

Report Sentiment: 66% Bullish
Technical Forecast:

Overview

Moving higher for the 3rd day in a row, NCLH finished the week 3.93% higher at 55.47 after surging $1.48 (2.74%) today on high volume. This is the biggest single day gain in over a month. Today's closing price of 55.47 marks the highest close since April 25th. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Thursday's high at 54.23, Norwegian Cruise confirms its breakout through the prior session's high having traded $1.46 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.

Daily chart for NCLH

Volatility

Friday's trading range was $1.56 (2.88%), that's far above last trading month's daily average range of $0.82. Weekly volatility is also higher, being above the markets average with the monthly volatility being below average.

Trend

Though still in a long-term downtrend, the short and medium-term trends both turned bullish already.

Conclusion

While classical technical analysis indicates a bullish sentiment for the next trading day, our quantitative statistics show a different picture being bearish.

Market Conditions for Norwegian Cruise Line

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Latest Report:

NCLH finds buyers again around 57.28

Sep 21, 2018
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