Norweigan Cruise Line Holdings shares must bounce back from support – or things could go wrong – Norwegian Cruise Line Holdings (NCLH)

Norwegian Cruise Line Holdings LTD. Shares (NYSE: NCLH) were trading lower on Thursday after the company revealed new designs for its suite of ships and cabin.

The company has released designs and decor items for the Veranda Cabins, Penthouse Suites, Oceania Suites, and Vista Suites aboard its new Vista ship, which is expected to debut in early 2023.

Norweigan Cruise Line Holdings lost 3.43% to $ 24.34 in the last check.

Daily Analysis of Norwegian Cruise Line Holdings Charts

  • Stocks have been trading in a bullish channel since early 2020 and are now approaching support.
  • The stock is trading below the 50-day moving average (green) and the 200-day moving average (blue), indicating that recent sentiment for the stock has been bearish.
  • Each of these moving averages may act as a resistance zone going forward.

Norwegian Cruise Line’s key asset levels to watch out for

  • Norweigan Cruise Line Holdings has been trading in a bullish channel since March 2020, the stock is now approaching trendline support and may rebound soon.
  • If the stock falls and crosses below the trendline, it may experience a strong downward push.
  • The Relative Strength Index (RSI) fell and entered the oversold zone. The RSI sits at 24, which means there are a lot more sellers than buyers.

What’s next for Norwegian Cruise Line Holdings?

Bullish traders would like to see the stock rebound to the support level and start to rise. Bulls want the stock to hold above the higher low trendline and stay in the channel. Bulls would also like to see the stock move above the moving averages for sentiment to turn more bullish.

Bearish traders would like to see the stock fall below the channel. If the stock can move below the lower trendline, it may be ready to see further bearish moves. The bears want to see the stock stay below the moving averages.

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