Navios Maritime Holdings Inc (NM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NM - MHY621971198 - Common Stock
We assign a technical rating of 10 out of 10 to NM. Both in the recent history as in the last year, NM has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, NM also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 2.28. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.25, a Stop Loss order could be placed below this zone.
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1.57
When analyzing the support we can see 3 important areas.
- A support zone ranging from 2.23 to 2.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.12 to 2.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.59 to 1.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 2.28 to 2.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for NM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NM is up. |
| ChartMill Relative Strength | 83.34 | POSITIVE | NM has a high relative strength, it outperformed 83.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of NM is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.2 | NEUTRAL | The RSI value for NM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests NM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 83.81 | OVERBOUGHT | The high Stochastics value suggests NM may be overbought. |
| Average True Range in percent/ATR (20) | 1.08 | LOW VOLATILITY | The low ATR as a percentage value for NM suggests low volalility. |
| Average Directional Index/ADX (14) | 59.49 | POSITIVE | The high ADX value value for NM suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.31 | 2.22 | 0.09 (3.90%) | 25.00% |
| An entry @2.31. This is a Buy Stop order right above the resistance zone. | An exit @2.22. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.09 points, which is 3.90%. | For a 0.97% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NYSE:NM (12/13/2023, 8:04:01 PM)
2.27
-0.02 (-0.87%)
Navios Maritime Holdings Inc / NM FAQ
What is the ChartMill technical rating of Navios Maritime Holdings Inc (NM) stock?
ChartMill assigns a technical rating of 10 / 10 to NM.
What is the current trend direction of Navios Maritime Holdings Inc (NM) stock?
The current trend direction for Navios Maritime Holdings Inc (NM) is Bullish.
Can you provide the RSI signal for Navios Maritime Holdings Inc?
Navios Maritime Holdings Inc (NM) has an RSI value of 65.2019. This indicates that the stock is currently neutral.
Can you provide the short term momentum for Navios Maritime Holdings Inc?
The short term momentum for Navios Maritime Holdings Inc (NM) is positive.
What are the support and resistance levels for Navios Maritime Holdings Inc (NM) stock?
Navios Maritime Holdings Inc (NM) has a support level at 2.25 and a resistance level at 2.28. Check the full technical report for our detailed analysis of NM support and resistance levels.