Navigator Holdings Ltd Stock Forecast

Navigator Holdings Ltd stock downgraded from Strong Buy Candidate to Buy Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)

NVGS Signals & Forecast

The Navigator Holdings Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $17.48 and $16.91. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, July 01, 2024, and so far it has fallen -0.610%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Thursday, May 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, May 02, 2024.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Navigator Holdings Ltd stock

Navigator Holdings Ltd finds support from accumulated volume at $17.82 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.360 between high and low, or 2.03%. For the last week, the stock has had daily average volatility of 2.15%.

Our recommended stop-loss: $17.26 (-3.65%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 11 days ago.)

Trading Expectations (NVGS) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Navigator Holdings Ltd to open at $17.90, and during the day (based on 14 day Average True Range), to move between $17.49 and $18.33, which gives a possible trading interval of +/-$0.423 (+/-2.36%) up or down from last closing price. If Navigator Holdings Ltd takes out the full calculated possible swing range there will be an estimated 4.72% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $17.82 (0.50%) than the resistance at $18.02 (0.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Navigator Holdings Ltd stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Navigator Holdings Ltd stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 4.518 Buy Candidate Downgraded

Predicted Opening Price for Navigator Holdings Ltd of Wednesday, July 3, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.