NMI Holdings Inc

NMIH remains in a Stage 4 decline with a high-confidence medium-term bearish bias driven by active Support Failure and a persistent LH/LL regime. Price is extended below declining EMAs amid extreme oversold conditions, making immediate selling unattractive; defer further selling into rallies at the 9EMA/20EMA resistance area. The multi-year uptrend via the upward-sloping 200-day MA remains intact, offering structural support despite ongoing weakness.

• ↑Q1 revenue $183.5M (+6% YoY); adjusted EPS $1.28.
• ↑NIW up 33% YoY to $12.3B; insurance in force $222.3B.
• ↓Insider sales accelerated, potentially signaling caution from executives.