Shares of Norwegian Cruise Line Holdings, Ltd. (NCLH) have weakened from their best levels seen in December. We should be excited about the potential for travel in 2021 but are perhaps rethinking the likelihood of traveling the seas again.
Let's check out the charts before pulling up the anchor.
In this daily bar chart of NCLH, below, we can see that the shares have made a recovery from their March depths but they still have a very far journey to regain their early 2020 levels. Prices are in position to retest the rising 50-day moving average line.
The daily On-Balance-Volume (OBV) continues to weaken from its early December high. The Moving Average Convergence Divergence (MACD) oscillator is pointed down toward the zero line.