When (NMIH) Moves Investors should Listen
October 01, 2024, 22:14 pm ET, BY James G.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for NMIH
- Buy NMIH near 39 target 41.67 stop loss @ 38.89 Details
The technical summary data tells us to buy NMIH near 39 with an upside target of 41.67. This data also tells us to set a stop loss @ 38.89 to protect against excessive loss in case the stock begins to move against the trade. 39 is the first level of support below 41.13 , and by rule, any test of support is a buy signal. In this case, support 39 is being tested, a buy signal would exist.
- Short NMIH slightly under 41.67, target 39, stop loss @ 41.79 Details
The technical summary data is suggesting a short of NMIH as it gets near 41.67 with a downside target of 39. We should have a stop loss in place at 41.79though. 41.67 is the first level of resistance above 41.13, and by rule, any test of resistance is a short signal. In this case, if resistance 41.67 is being tested, a short signal would exist.
Swing Trading Plans for NMIH
- Buy NMIH slightly over 41.33, target 41.67, Stop Loss @ 41.21 Details
If 41.33 begins to break higher, the technical summary data tells us to buy NMIH just slightly over 41.33, with an upside target of 41.67. The data also tells us to set a stop loss @ 41.21 in case the stock turns against the trade. 41.33 is the first level of resistance above 41.13, and by rule, any break above resistance is a buy signal. In this case, 41.33, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short NMIH slightly near 41.33, target 40.64, Stop Loss @ 41.45. Details
The technical summary data is suggesting a short of NMIH if it tests 41.33 with a downside target of 40.64. We should have a stop loss in place at 41.45 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 41.33, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for NMIH
- Buy NMIH slightly over 41.37, target 41.67, Stop Loss @ 41.27 Details
If 41.37 begins to break higher, the technical summary data tells us to buy NMIH just slightly over 41.37, with an upside target of 41.67. The data also tells us to set a stop loss @ 41.27 in case the stock turns against the trade. 41.37 is the first level of resistance above 41.13, and by rule, any break above resistance is a buy signal. In this case, 41.37, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short NMIH slightly near 41.37, target 40.99, Stop Loss @ 41.47. Details
The technical summary data is suggesting a short of NMIH if it tests 41.37 with a downside target of 40.99. We should have a stop loss in place at 41.47 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 41.37, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Nmi Holdings Inc (NMIH) available here: NMIH.
NMIH Ratings for October 01:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
36.45 |
| P2 |
40.99 |
40.64 |
39 |
| P3 |
41.37 |
41.33 |
41.67 |
AI Generated Signals for NMIH
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Nmi Holdings Inc (NASDAQ: NMIH) report below is a real world example. Included are trading plans for NMIH, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for NMIH:
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