Navigator Holdings Ltd Stock Forecast
Navigator Holdings Ltd stock price down 0.666% on Wednesday
(Updated on Apr 24, 2024)
The Navigator Holdings Ltd stock price fell by -0.666% on the last day (Wednesday, 24th Apr 2024) from $15.01 to $14.91. During the last trading day the stock fluctuated 1.62% from a day low at $14.84 to a day high of $15.08. The price has risen in 5 of the last 10 days but is still down by -1.71% for this period. Volume has increased on the last day by 130 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 290 thousand shares were bought and sold for approximately $4.33 million.
The stock lies in the middle of a 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 -4.36% during the next 3 months and, with a 90% probability hold a price between $13.65 and $14.83 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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NVGS Signals & Forecast
There are few to no technical positive signals at the moment. The Navigator Holdings Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $14.98 and $15.18. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 03, 2024, and so far it has fallen -4.91%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Navigator Holdings Ltd stock
Navigator Holdings Ltd finds support from accumulated volume at $14.83 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 $0.240 between high and low, or 1.62%. For the last week the stock has had daily average volatility of 2.08%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NVGS) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Navigator Holdings Ltd to open at $14.94, and during the day (based on 14 day Average True Range), to move between $14.62 and $15.20, which gives a possible trading interval of +/-$0.294 (+/-1.97%) up or down from last closing price. If Navigator Holdings Ltd takes out the full calculated possible swing range there will be an estimated 3.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $14.97 (0.40%) than the support at $14.83 (0.54%), 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?
Navigator Holdings Ltd holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.373 Sell Candidate Unchanged
Predicted Opening Price for Navigator Holdings Ltd of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $14.94 ( 0.224%) | $14.91 |
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 | 15.18 | 1.83 % | |
| R2 | 15.09 | 1.22 % | ||
| R1 | 15.04 | 0.84 % | ||
| Current price: | 14.91 | |||
| Support | S1 | 14.85 | -0.391 % | |
| S2 | 14.80 | -0.771 % | ||
| S3 | 14.70 | -1.39 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.10 | 7.98 % | |
| R2 | 15.47 | 3.76 % | ||
| R1 | 14.97 | 0.402 % | ||
| Current price | 14.91 | |||
| Support | S1 | 14.83 | -0.537% | |
| S2 | 14.81 | -0.671% | ||
| S3 | 14.68 | -1.54% |
NVGS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 13, 2024 | Apr 03, 2024 | Apr 25, 2024 | $0.0500 | 0.335% |
| 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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