Norwegian Cruise Line Holdings' stock (NCLH) fell after the Fed hiked rates by 75 basis points, while cutting down growth forecasts for this year and next year, marking a loss of 11.51%, or 1.35 points, and settling at 10.38, with trading volumes surpassing 33.3 million shares, above 10-day averages of 24.3 million shares.
The downward trend dominates the stock in the short term, with negative signals from the RSI despite reaching oversold levels, as the stock suffers from negative pressure from the 50-day SMA.
Therefore we expect more losses for the stock, targeting the pivotal support of 7.25, provided the resistance of 14.90 holds on.
Expected trend for today: Bearish