NISOURCE INC (NI) Stock Technical Analysis
USA - NYSE:NI - US65473P1057 - Common Stock
43.87 USD
-0.26 (-0.59%)
44.2378 USD
+0.37 (+0.84%)
Overall NI gets a technical rating of 10 out of 10. Both in the recent history as in the last year, NI has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that NI is one of the better performing stocks in the market, outperforming 76% of all stocks. On top of that, NI also shows a nice and consistent pattern of rising prices.
NI is part of the Multi-Utilities industry. There are 25 other stocks in this industry. NI outperforms 87% of them.
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.
NI is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
NI has an average volume of 4283490 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. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 43.88. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- 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
37.73
44.62
When analyzing the support we can see 4 important areas.
- Support @41.22 from a trend line in the weekly time frame.
- A support zone ranging from 40.10 to 40.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 38.96 to 39.36. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @38.11 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 43.88 to 44.18. 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 | 76.91 | POSITIVE | NI has a high relative strength, it outperformed 76.91% 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) | 59.25 | NEUTRAL | The RSI value for NI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests NI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.87 | NEUTRAL | The Stochastics value for NI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.78 | LOW VOLATILITY | The low ATR as a percentage value for NI suggests low volalility. |
| Average Directional Index/ADX (14) | 21.94 | NEUTRAL | The ADX value for NI suggests a possible start of a new 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 |
|---|---|---|---|
| 44.19 | 42.61 | 1.58 (3.58%) | 25.00% |
| An entry @44.19. This is a Buy Stop order right above the resistance zone. | An exit @42.61. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.58 points, which is 3.58%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.89%. |
- 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.
43.87
-0.26 (-0.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryMulti-Utilities
Performance
% Chg-0.59%
1 Week1.5%
2 Weeks2.17%
1 Month4.9%
3 Month4.01%
6 Month11.2%
12 Month25.99%
2 Year74.36%
3 Year70.77%
5 Year90.99%
10 Year128.97%
15 Year545%
Volatility
ATR(14)0.79
ATR(20)%1.78%
ATR Inc8.27%
Range Today1.1
ADR(20)0.76
ADR(20)%1.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.91
3 months CRS58.8
6 months CRS51.16
Mansfield-0.02
10 Day High44.45
10 Day Low42.62
20 Day High44.52
20 Day Low41.87
52 Week High44.52
52 Week Low34.23
CS1 End41.22
CR1 Start43.88
Volume & EV
DER(3)-1.12%
DER(5)-0.98%
Volume5.27M
Volume Incr-10.17%
Vol(5)4.05M
Vol(50)4.28M