Big base breakout potential for NVGS

We received a question on Navigator Holdings Ltd (NVGS). The stock looks bullish and is on the verge of breaking out from a massive 10-year basing pattern.

Navigator Holdings (NVGS) continues to trend higher after its 2020 low and is now pressing against the upper boundary of a massive 10-year basing pattern. The stock recently broke out from a bullish mid-2024 to late-2025 consolidation, increasing the potential for a decisive breakout above 17.67–18.18, which would complete the long-term base.

A confirmed breakout above 17.67-18.18 would target:

• 19.44 — 61.8% extension (initial upside)

• 23.50–24.93 — bullish consolidation projection and 100% extension

• 30.46–31.90 — retest of the 2014 highs and the full 10-year base count (longer-term potential)

The immediate pattern remains bullish above 17.00–16.70, with rising 13-, 26-, and 40-week moving averages (16.27 down to 14.97) reinforcing the uptrend.

NVGS has strengthened relative to the S&P 500 since April, adding confirmation to its improving technical profile. This could also be part of a larger relative bottoming process for NVGS vs. the SPX dating back to early 2020.

Chart 1: Navigator Holdings Ltd (NVGS) (top) and relative to the S&P 500 (bottom)