NiSource Inc (NYSE:NI) Shows Strong Technical Breakout Potential

Technical breakout investing focuses on identifying stocks with strong momentum and consolidation patterns that suggest an upcoming price move. Stocks with high technical ratings and tight setups often present favorable risk-reward opportunities. NiSource Inc (NYSE:NI) currently fits this profile, displaying a combination of bullish trends and a well-defined trading range.

Strong Technical and Setup Ratings

NiSource Inc (NYSE:NI) holds a Technical Rating of 9 and a Setup Rating of 9, indicating both strong trend health and a high-quality consolidation pattern. The stock has outperformed 92% of the market over the past year, with gains distributed consistently. Both short-term and long-term trends remain positive, reinforcing its strength.

The stock is trading near the upper end of its 52-week range, slightly outperforming the broader market. Recent price action has consolidated within a range of $35.64 to $40.73, with current levels presenting a potential entry point.

Key Support and Resistance Levels

• Support Zones:

  • $37.10 - $38.25 (multiple trend lines)
  • $36.38 (horizontal support)

• Resistance Zones:

  • $38.85 - $39.35 (moving averages & trend lines)
  • $40.10 (horizontal resistance)
  • $40.82 - $41.24 (trend lines)

A breakout above $40.10 could signal further upside, while a stop-loss below $37.75 helps manage risk. The Average True Range (ATR) stands at 2.99%, reflecting moderate volatility.

Why This Setup Stands Out

• Strong Relative Strength: Outperforms 95% of its industry peers in the Multi-Utilities sector.
• Institutional Interest: Large players have shown recent accumulation.
• Pocket Pivot Signal: Recent volume patterns suggest bullish momentum.

For a deeper analysis, review the full technical report here.

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