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NM - Navios Maritime Holdings Inc

Industry: Shipping Sector: Services Exchange: NYSE

NM - Navios Maritime Holdings Inc

Industry: Shipping Sector: Services Exchange: NYSE
#3779()/6519

Fri 15'th Jun 2018

PERIOD 2018-03-16 - 2018-06-15
CHANGE -2.83%
PRICE $0.86
VOLUME
Sell
TREND
Sell

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

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Navios Maritime Holdings Inc Stock Analysis

Technical stock analysis for Fri 15'th Jun 2018

Hold candidate since 2018-06-15

Navios Maritime Holdings Inc fell by -2.83% in the last day from $0.88 to $0.86 The price has fallen in 6 of the last 10 days , but is still up by 6.04% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -39 087 shares and in total 668 068 shares bought and sold for approximately $0.00.

Shorts 9.10% ( 2018-05-31 )
Cash 244.4 mill
Loans 3 289.5 mill
Beta 2.72
ROA -5.79

Trend

Navios Maritime Holdings Inc lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -12.25% during the next 3 months and, with 90% probability hold a price between $0.50 and $0.88 at the end of this period.

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Signals

Navios Maritime Holdings Inc holds buy signals from both short- and long-term moving averages. In addition, 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 $0.83 and $0.80. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Thursday June 14, 2018, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

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Relative Strength Index (RSI)

RSI14 is 61 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $0.78 and $0.75.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Navios Maritime Holdings Inc finds support just below today's level at $0.78. If this is broken, then the next support from accumulated volume will be at $0.75 and $0.73.

Support: $0.78 Price: $0.86 Resistance: $0.86

Risk

In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.

Our recommended stoploss: $0.81 (-5.27%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Navios Maritime Holdings Inc holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Hold/Accumulate.

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