Overall NMIH gets a technical rating of 4 out of 10. NMIH has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
Although the technical rating is only medium, NMIH does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 38.29. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 37.90, a Stop Loss order could be placed below this zone.
More info and screens
33.06
We found 4 important support areas.
- A support zone ranging from 36.98 to 37.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 35.65 to 35.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @34.56 from a trend line in the weekly time frame.
- Support @33.39 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @38.29 from a horizontal line in the daily time frame.
- Resistance @40.01 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for NMIH is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NMIH is up. |
| ChartMill Relative Strength | 33.95 | 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 | MIXED | The current price of NMIH is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NMIH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.08 | NEUTRAL | The RSI value for NMIH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests NMIH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.94 | OVERBOUGHT | The high Stochastics value suggests NMIH may be overbought. |
| Average True Range in percent/ATR (20) | 2.34 | MEDIUM VOLATILITY | The ATR as a percentage value for NMIH suggests some volalility. |
| Average Directional Index/ADX (14) | 12.97 | NEGATIVE | The low ADX value for NMIH suggests a weak or negative trend. |
38.2
-0.05 (-0.13%)
NMI HOLDINGS INC / NMIH FAQ
What is the technical rating for NMIH stock?
ChartMill assigns a technical rating of 4 / 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 58.0836. 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 positive.
What are the support and resistance levels for NMI HOLDINGS INC (NMIH) stock?
NMI HOLDINGS INC (NMIH) has a support level at 37.9 and a resistance level at 38.29. Check the full technical report for our detailed analysis of NMIH support and resistance levels.