Norwegian Cruise Line (NCLH, $29.90), Carnival (CCL, $26.96), and Royal Caribbean (RCL, $88.38) upgraded by Macquarie
Macquarie upgraded three big cruise stocks to outperform from neutral: Norwegian Cruise Line , Carnival and Royal Caribbean, on easing of the pandemic situation.
Macquarie analyst Paul Golding wrote in a commentary, “With Covid cases dropping and vaccine penetration rising, we think most negative catalysts are now in the rear-view mirror” .
“While [the] shares have bounced quite a way off their one-year lows, barring recession or a sector rerating the catalysts should trend more positive from here into summer,” Golding added.
According to Golding, technical instructions from the Centers for Disease Control and Prevention could drive more confidence.
Momentum Indicator for NCLH turns positive, indicating new upward trend
NCLH saw its Momentum Indicator move above the 0 level on May 17, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 83 similar instances where the indicator turned positive. In of the 83 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for NCLH just turned positive on May 17, 2023. Looking at past instances where NCLH's MACD turned positive, the stock continued to rise in of 39 cases over the following month. The odds of a continued upward trend are .
NCLH moved above its 50-day moving average on May 15, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for NCLH crossed bullishly above the 50-day moving average on May 08, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 20 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where NCLH advanced for three days, in of 310 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 223 cases where NCLH Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 12 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where NCLH declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
NCLH broke above its upper Bollinger Band on June 01, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. NCLH’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: NCLH's P/B Ratio (90.090) is very high in comparison to the industry average of (10.784). P/E Ratio (0.000) is within average values for comparable stocks, (59.632). NCLH's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.184). Dividend Yield (0.000) settles around the average of (0.034) among similar stocks. P/S Ratio (1.166) is also within normal values, averaging (28.992).
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. NCLH’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 92, placing this stock worse than average.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
an operator of deep sea and flagged cruise ships in the travel industry
Industry OtherConsumerServices
NCLH and
Correlation & Price change
A.I.dvisor indicates that over the last year, NCLH has been closely correlated with RCL. These tickers have moved in lockstep 89% of the time. This A.I.-generated data suggests there is a high statistical probability that if NCLH jumps, then RCL could also see price increases.
| Ticker / NAME | Correlation To NCLH | 1D Price Change % | ||
|---|---|---|---|---|
| NCLH | 100% | +1.61% | ||
| RCL - NCLH | 89% Closely correlated | +0.32% | ||
| CCL - NCLH | 89% Closely correlated | +2.04% | ||
| LIND - NCLH | 67% Closely correlated | -2.50% | ||
| EXPE - NCLH | 64% Loosely correlated | -2.59% | ||
| TNL - NCLH | 63% Loosely correlated | -0.59% | ||
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