NMIH Technical Signal Analysis
NMIH have 3 buy signals and 4 sell signals now. The current trend is consolidation starting from 2025-03-10. The total price change during this trend is +0.12%. Recently, the price has increased but the volume has decreased, indicating a potential warning signal. The average turnover of NMIH over last 5 trading day is $19,601,498.53
3 Bullish Signal
4 Bearish Signal
Name
Signal
Value
Meaning
Stochastic Oscillator %K (14, 3, 3)
STOCHk_14_3_3 < 20
15.34
Bullish
Commodity Channel Index (20 days, 0.015 constant)
CCI_20_0.015 < -100
-120.81
Bullish
Stochastic RSI %K (14, 14, 3, 3)
STOCHRSIk_14_14_3_3 < 20
16.52
Bullish
Name
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 < 0
-1.65
Bearish
Momentum (10 days)
MOM_10 < 0
-1.13
Bearish
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 < 0
-0.56
Bearish
Moving Average
10-day SMA crosses below 20-day SMA
--
Bearish
3 Bullish Signal
Name
Signal
Value
Meaning
Stochastic Oscillator %K (14, 3, 3)
STOCHk_14_3_3 < 20
15.34
Bullish
Commodity Channel Index (20 days, 0.015 constant)
CCI_20_0.015 < -100
-120.81
Bullish
Stochastic RSI %K (14, 14, 3, 3)
STOCHRSIk_14_14_3_3 < 20
16.52
Bullish
NMIH Support and Resistance Level
The support levels for NMIH are at 34.33, 33.61, and 32.44, while the resistance levels are at 36.66, 37.38, and 38.55. With the current stock price at 34.67, it is leaning more toward the support levels.
NMIH Technical Analysis
Technical Analysis of NMIH Stock
Price Overview
As of the latest data, NMIH is trading at $35.43. The stock has shown a slight decline in its regular market performance, closing at -0.11%, with moderate volume of 786,453 shares traded.
Technical Indicators
- RSI (14-period): 41.73, indicating the stock is in a bearish range but not yet oversold.
- Stochastic Oscillator: %K (32.21) is below %D (40.79), suggesting bearish momentum.
- MACD: The MACD line (-0.39) is below the signal line (0.03), indicating a bearish trend.
- Bollinger Bands: The stock is trading near the lower band, signaling potential oversold conditions.
Fibonacci Levels
- Pivot Point: $36.02
- Resistance Levels: $36.76 (R1), $37.23 (R2), $37.98 (R3)
- Support Levels: $35.27 (S1), $34.80 (S2), $34.06 (S3)
The stock is currently trading below the pivot point, indicating bearish sentiment. However, it is approaching the first support level ($35.27), which may act as a short-term floor.
Recent News Impact
- Analyst Upgrade: Keefe Bruyette upgraded NMIH to Outperform with a $43 price target, citing undervaluation relative to peers.
- Insider Activity: Recent insider selling activity (20,000 shares) may signal cautious sentiment among company executives.
Conclusion
Based on the technical analysis, NMIH is currently in a bearish trend. While the stock is approaching oversold territory, the overall indicators suggest weakness.
Recommendation: Sell NMIH at the current price of $35.43, as the technical setup and bearish momentum outweigh the potential for an immediate rebound.
{RATING:symbol=NMIH, type=0}
NMIH FAQs
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NMIH Buy or Sell
NMIH has 3 buy signals and 4 sell signals now. Overall the technical rating for NMIH is Neutral.
Neutral
Sell
4
Buy
3
NMIH Moving Average
This analysis outlines the stock's performance across different time frames using Simple Moving Averages (SMA). In the swing, the stock shows a negative trend with the 34.67 below the SMA_5. In the short term, the stock shows a negative trend with the 34.75 below the SMA_20. In the mid term, the stock shows a negative trend with the 35.42 below the SMA_60. In the long term, the stock shows a negative trend with the 36.61 below the SMA_200.
Swing
Negative
Stock Price Below SMA_5
Short Term
Negative
SMA_5 Below SMA_20
Mid Term
Negative
SMA_20 Below SMA_60
Long Term
Negative
SMA_60 Below SMA_200
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What do technical indicators suggest about NMIH's current trend?What are NMIH's key support and resistance levels?