NMI HOLDINGS INC (NMIH) Stock Technical Analysis
USA - NASDAQ:NMIH - US6292093050 - Common Stock
Overall NMIH gets a technical rating of 1 out of 10. NMIH scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, NMIH does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 36.98. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 35.66, a Stop Loss order could be placed below this zone.
More info and screens
33.06
2 important support areas can be observed.
- A support zone ranging from 35.35 to 35.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @33.39 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 36.98 to 38.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 40.01 to 40.35. 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 | DOWN | NEGATIVE | The long term trend for NMIH is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NMIH is down. |
| ChartMill Relative Strength | 31.97 | NEUTRAL | NMIH is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NMIH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NMIH is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NMIH is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.07 | NEUTRAL | The RSI value for NMIH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests NMIH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.22 | NEUTRAL | The Stochastics value for NMIH is a neutral value. |
| Average True Range in percent/ATR (20) | 2.51 | MEDIUM VOLATILITY | The ATR as a percentage value for NMIH suggests some volalility. |
| Average Directional Index/ADX (14) | 18.69 | NEGATIVE | The low ADX value for NMIH suggests a weak or negative trend. |
36.65
+0.57 (+1.58%)
NMI HOLDINGS INC / NMIH FAQ
What is the technical rating for NMIH stock?
ChartMill assigns a technical rating of 1 / 10 to NMIH.
What is the trend direction for NMIH stock?
The current trend direction for NMI HOLDINGS INC (NMIH) is Bearish.
What is the RSI signal for NMI HOLDINGS INC (NMIH) stock?
NMI HOLDINGS INC (NMIH) has an RSI value of 49.0679. This indicates that the stock is currently neutral.
Can you provide the short term momentum for NMI HOLDINGS INC?
The short term momentum for NMI HOLDINGS INC (NMIH) is negative.
What are the support and resistance levels for NMI HOLDINGS INC (NMIH) stock?
NMI HOLDINGS INC (NMIH) has a support level at 35.66 and a resistance level at 36.98. Check the full technical report for our detailed analysis of NMIH support and resistance levels.