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- 1/8/2021 -
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Norwegian (NCLH)

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Summary:
Weekly :Stochastic signal line moved below overbought area
Daily :The price has risen above the Parabolic SARPrice is near the Fibonacci 38.2% retracement levelThe price has declined below 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 -1.00 points, or -3.93%, and closed at 24.43 on Friday, January 8, 2021. Weekly volume was -49% below average.

Long-term trend: [See NCLH long-term trend chart]
A long-term uptrend had started on August 3, 2020 at 12.56 and reached 28.98 on December 9, 2020. NCLH gained -16.42 points, or -130.73%, in 18 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 17.29 and resistance is at 31.90. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See NCLH medium-term trend chart]
A medium-term downtrend had started on December 9, 2020 at 28.98 and reached 23.04 on December 22, 2020. NCLH lost 5.94 points, or 20.50%, in 1 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 23.48 and resistance is at 24.56. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a medium-term trend.

Weekly Technical Indicators: [See NCLH weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. 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 link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since June 26, 2020. The distance between MACD and the signal line is low and getting smaller. 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 29, 2020 at 26.11 and reached 23.36 on January 5, 2021. NCLH lost 2.75 points, or 10.53%, in 7 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance 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 December 14, 2020. This is an indication that the short-term trend is down.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 15.06% on Friday. It is 76.36% 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) 44.05
Williams' Percentage Range (W%R) 60.00
Lane's Stochastic (%D-Slow) 37.48
Greed/Fear Indicator (GFI) 40.50
Moving Average Converg./Diverg. (MACD) 0.64
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.53
Williams' Percentage Range (W%R) 27.00
Lane's Stochastic (%D-Slow) 76.77
Greed/Fear Indicator (GFI) 69.44
Moving Average Converg./Diverg. (MACD) 0.66
Trading Signals
Description Value Chart
Upper Bollinger Band 26.41
Weekly Stochastic Crossing 26.06
20 Day Moving Average 25.05
Monthly Trendline Resistance 24.56
Daily Stochastic Crossing 24.49
Price 24.43
Monthly Trendline Support 23.48
Parabolic System 23.07
Lower Bollinger Band 22.71
50 Day Moving Average 22.59
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 7
Industry Hotels, Resorts & Cruise Lines 65
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 23.36
Low Date 01/05/2021
High 25.43
High Date 01/07/2021
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 26.11
High Date 12/29/2020
Low 23.36
Low Date 01/05/2021
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Valid
Resistance 24.56
Support 23.48
High 28.98
High Date 12/09/2020
Low 23.04
Low Date 12/22/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 31.90
Support 17.29
Low 12.56
Low Date 08/03/2020
High 28.98
High Date 12/09/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 8.08
Low Date 04/02/2020
High 28.98
High Date 12/09/2020
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.

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