Norwegian Cruise Line Holdings Ltd

NCLH remains in a Stage 4 decline, trading below all major moving averages and forming a series of lower highs and lower lows. The medium-term bias is bearish, while short-term conditions are extreme oversold without clear exhaustion, making fresh selling unfavorable. Execution is deferred, focusing on selling into rallies toward the falling 9/20 EMA cluster around the $15.40–16.30 area, with anticipation of rejection at those EMAs.

• ↑Q2 revenue $2.6B (+4.9% YoY); 2026 EBITDA guide ~$2.5B
• ↑GAAP net income $223M (EPS $0.48) beats estimates
• ↓Total debt $15B yields high leverage risk