NISOURCE INC (NI) Stock Technical Analysis
NYSE:NI - New York Stock Exchange, Inc. - US65473P1057 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to NI. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NI is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that NI is one of the better performing stocks in the market, outperforming 82% of all stocks. We also observe that the gains produced by NI over the past year are nicely spread over this period.
NI is one of the better performing stocks in the Multi-Utilities industry, it outperforms 95% of 25 stocks in the same industry.
NI is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month NI has a been trading in the 40.28 - 43.51 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
NI has an average volume of 4307880 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, NI also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
36.73
43.77
When analyzing the support we can see 3 important areas.
- A support zone ranging from 38.96 to 39.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 38.11 to 38.25. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 37.10 to 37.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 42.60 to 42.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @43.34 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for NI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NI is up. |
| ChartMill Relative Strength | 82.24 | POSITIVE | NI has a high relative strength, it outperformed 82.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.81 | NEUTRAL | The RSI value for NI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests NI has a negative trend. |
| Stochastics (14,3) | 57.39 | NEUTRAL | The Stochastics value for NI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.73 | LOW VOLATILITY | The low ATR as a percentage value for NI suggests low volalility. |
| Average Directional Index/ADX (14) | 14.62 | NEGATIVE | The low ADX value for NI suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 42.66 | 41.30 | 1.36 (3.18%) | 25.00% |
| An entry @42.66. This is a Buy Stop order right above the resistance zone. | An exit @41.30. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.36 points, which is 3.18%. | For a 0.80% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
42.55
-0.13 (-0.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryMulti-Utilities
Performance
% Chg-0.3%
1 Week0.42%
2 Weeks0.24%
1 Month5.79%
3 Month8.88%
6 Month7.23%
12 Month33.39%
2 Year59.01%
3 Year44.19%
5 Year92.01%
10 Year153.42%
15 Year523.79%
Volatility
ATR(14)0.78
ATR(20)%1.73%
ATR Inc-48.01%
Range Today0.41
ADR(20)0.72
ADR(20)%1.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.24
Mansfield0.21
10 Day High43.51
10 Day Low41.31
20 Day High43.51
20 Day Low40.28
52 Week High43.51
52 Week Low31.9
CS1 End39.47
CR1 Start42.6
Volume & EV
DER(3)1.16%
DER(5)1.32%
Volume4.03M
Volume Incr-17.89%
Vol(5)3.67M
Vol(50)4.31M