NMI HOLDINGS INC (NMIH) Technical Analysis
NASDAQ:NMIH • US6292093050
Current stock price
NMIH Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to NMIH. NMIH has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- NMIH is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- When compared to the yearly performance of all other stocks, NMIH outperforms 43% of them, which is more or less in line with the market.
- NMIH is part of the Financial Services industry. There are 100 other stocks in this industry, NMIH did better than 62% of them.
- NMIH is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NMIH is lagging the market slightly.
NMIH Weekly and Daily overview Charts
NMIH Setup Rating and Analysis
NMIH has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 38.19. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 37.42, a Stop Loss order could be placed below this zone.
More info and screens
NMIH Support and Resistance Analysis
33.06
We found 4 important support areas.
- A support zone ranging from 37.04 to 37.42. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @36.08 from a horizontal line in the daily time frame.
- Support @35.17 from a trend line in the weekly time frame.
- 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 38.19 to 38.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 40.44 to 41.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
NMIH Technical Indicator Signal Analysis
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 | 43.19 | NEUTRAL | NMIH is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NMIH is above a declining 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) | 46.75 | NEUTRAL | The RSI value for NMIH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests NMIH has a positive trend. |
| Stochastics (14,3) | 67.86 | NEUTRAL | The Stochastics value for NMIH is a neutral value. |
| Average True Range in percent/ATR (20) | 2.21 | MEDIUM VOLATILITY | The ATR as a percentage value for NMIH suggests some volalility. |
| Average Directional Index/ADX (14) | 32.61 | POSITIVE | The high ADX value value for NMIH suggests a strong trend. |
NMIH Chart- and CandleStick Pattern Analysis
NMIH Technicals: Chart, Performance Metrics, Trend & Indicators
37.54
+0.19 (+0.51%)
NMI HOLDINGS INC / NMIH TA FAQ
What is the technical rating for NMIH stock?
ChartMill assigns a technical rating of 1 / 10 to NMIH.
What is the current trend direction of NMI HOLDINGS INC (NMIH) stock?
The current trend direction for NMI HOLDINGS INC (NMIH) is Bearish.
Can you provide the RSI signal for NMI HOLDINGS INC?
NMI HOLDINGS INC (NMIH) has an RSI value of 46.7474. This indicates that the stock is currently neutral.
What is the buy/sell signal for NMIH stock?
The buy/sell signal for NMI HOLDINGS INC (NMIH) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for NMI HOLDINGS INC (NMIH) stock?
NMI HOLDINGS INC (NMIH) has a support level at 37.42 and a resistance level at 38.19. Check the full technical report for our detailed analysis of NMIH support and resistance levels.