Navigator Holdings Ltd Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Navigator Holdings Ltd stock price ended at $15.41 on Friday, after gaining 1.38%.
(Updated on May 03, 2024)
The Navigator Holdings Ltd stock price gained 1.38% on the last trading day (Friday, 3rd May 2024), rising from $15.20 to $15.41. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.64% from a day low at $15.21 to a day high of $15.46. The price has risen in 7 of the last 10 days and is up by 2.94% over the past 2 weeks. Volume fell on the last day by -14 thousand shares and in total, 146 thousand shares were bought and sold for approximately $2.25 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $15.62 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Navigator Holdings Ltd stock with a 90% probability to be traded between $14.41 and $15.46 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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NVGS Signals & Forecast
Mostly positive signals in the chart today. 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 $15.20 and $15.18. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 3.91%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Monday, March 25, 2024 in the short-term chart.
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.
Golden Star
The stock had a Golden Star Signal on Monday, March 25, 2024 in the short-term chart.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.
A sell signal from a double top formation was found on Wednesday, April 03, 2024 and based on theory for this formation the price should fall by -1.42% to $15.19 within 13 trading days since signal was issued (Monday, May 06, 2024).
Support, Risk & Stop-loss for Navigator Holdings Ltd stock
Navigator Holdings Ltd finds support from accumulated volume at $15.18 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.250 between high and low, or 1.64%. For the last week the stock has had daily average volatility of 1.63%.
Our recommended stop-loss: $14.70 (-4.58%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (NVGS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Navigator Holdings Ltd to open at $15.36, and during the day (based on 14 day Average True Range), to move between $15.13 and $15.69, which gives a possible trading interval of +/-$0.278 (+/-1.81%) up or down from last closing price. If Navigator Holdings Ltd takes out the full calculated possible swing range there will be an estimated 3.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $15.47 (0.39%) than the support at $15.18 (1.49%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Navigator Holdings Ltd stock A Buy?
Several short-term signals 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 period.
Current score: 3.525 Buy Candidate Unchanged
Predicted Opening Price for Navigator Holdings Ltd of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $15.36 ( 0.324%) | $15.41 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NVGS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.61 | 1.30 % | |
| R2 | 15.51 | 0.678 % | ||
| R1 | 15.46 | 0.295 % | ||
| Current price: | 15.41 | |||
| Support | S1 | 15.26 | -0.94 % | |
| S2 | 15.21 | -1.33 % | ||
| S3 | 15.11 | -1.95 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.61 | 1.30 % | |
| R2 | 15.53 | 0.779 % | ||
| R1 | 15.47 | 0.389 % | ||
| Current price | 15.41 | |||
| Support | S1 | 15.18 | -1.49% | |
| S2 | 14.97 | -2.86% | ||
| S3 | 14.92 | -3.18% |
NVGS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 13, 2024 | Apr 03, 2024 | Apr 25, 2024 | $0.0500 | 0.329% |
| 2 | Nov 13, 2023 | Dec 06, 2023 | Dec 21, 2023 | $0.0500 | 0.340% |
| 3 | Aug 15, 2023 | Sep 07, 2023 | Sep 22, 2023 | $0.0500 | 0.341% |
FAQ
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