NISOURCE INC (NI) Stock Technical Analysis
NYSE:NI • US65473P1057
Taking everything into account, NI scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, NI is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- NI is one of the better performing stocks in the Multi-Utilities industry, it outperforms 76% of 26 stocks in the same industry.
- NI is currently making a new 52 week high. This is a strong signal. 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 43.41 - 47.35 range, which is quite wide. It is currently trading near the high of this range.
- NI has an average volume of 4069130 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, NI outperforms 68% of them, which is more or less in line with the market.
Besides having an excellent technical rating, NI also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 46.37, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
39.43
4 important support areas can be observed.
- A support zone ranging from 45.35 to 46.37. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 43.65 to 44.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 41.88 to 42.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 39.83 to 40.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 47.31 to 47.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 68.1 | NEUTRAL | NI is not amongst the best or worst performers 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) | 71.38 | OVERBOUGHT | The high RSI value suggests NI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests NI has a positive trend. |
| Stochastics (14,3) | 91.61 | OVERBOUGHT | The high Stochastics value suggests NI may be overbought. |
| Average True Range in percent/ATR (20) | 1.87 | LOW VOLATILITY | The low ATR as a percentage value for NI suggests low volalility. |
| Average Directional Index/ADX (14) | 29.75 | POSITIVE | The high ADX value value for NI suggests a strong trend. |
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 |
|---|---|---|---|
| 47.32 | 44.90 | 2.42 (5.12%) | 19.51% |
| An entry @47.32. This is a Buy Stop order right above the resistance zone. | An exit @44.90. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.42 points, which is 5.12%. | When investing 19.51% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
47.3
+0.6 (+1.28%)
NISOURCE INC / NI FAQ
What is the ChartMill technical rating of NISOURCE INC (NI) stock?
ChartMill assigns a technical rating of 8 / 10 to NI.
What is the trend direction for NI stock?
The current trend direction for NISOURCE INC (NI) is Bullish.
What is the RSI signal for NI stock?
NISOURCE INC (NI) has an RSI value of 71.3821. This indicates that the stock is currently overbought.
What is the MACD signal for NI stock?
The MACD indicator for NISOURCE INC (NI) has a value of 0.102441, indicating a bearish trend.
What is the support and resistance level for NI stock?
NISOURCE INC (NI) has a support level at 46.37 and a resistance level at 47.31. Check the full technical report for our detailed analysis of NI support and resistance levels.