NISOURCE INC (NI) Technical Analysis
NYSE:NI • US65473P1057
Current stock price
NI Technical Rating and Analysis
Overall NI gets a technical rating of 7 out of 10. Although NI is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- NI is part of the Multi-Utilities industry. There are 26 other stocks in this industry. NI outperforms 96% 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.
- In the last month NI has a been trading in the 45.14 - 48.83 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 3893460 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 69% of them, which is more or less in line with the market.
NI Weekly and Daily overview Charts
NI Setup Rating and Analysis
NI has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 48.32. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 47.56, a Stop Loss order could be placed below this zone.
More info and screens
NI Support and Resistance Analysis
39.92
When analyzing the support we can see 4 important areas.
- A support zone ranging from 46.48 to 47.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 43.93 to 43.94. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 42.11 to 43.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 40.32 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 48.32 to 48.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
NI Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for NI is neutral. |
| ChartMill Relative Strength | 69.2 | 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) | 56.27 | NEUTRAL | The RSI value for NI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests NI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 52.14 | NEUTRAL | The Stochastics value for NI is a neutral value. |
| 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) | 13.41 | NEGATIVE | The low ADX value for NI suggests a weak or negative trend. |
NI Chart- and CandleStick Pattern Analysis
NI Example Setup
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 |
|---|---|---|---|
| 48.49 | 46.48 | 2.01 (4.15%) | 24.12% |
| An entry @48.49. This is a Buy Stop order right above the resistance zone. | An exit @46.48. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.01 points, which is 4.15%. | For a 1.00% total portfolio risk, you can invest 24.12% 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.
NI Technicals: Chart, Performance Metrics, Trend & Indicators
47.99
-0.3 (-0.62%)
NISOURCE INC / NI TA FAQ
What is the ChartMill technical rating of NISOURCE INC (NI) stock?
ChartMill assigns a technical rating of 7 / 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 NISOURCE INC (NI) stock?
NISOURCE INC (NI) has an RSI value of 56.2662. This indicates that the stock is currently neutral.
What is the short term momentum for NI stock?
The short term momentum for NISOURCE INC (NI) is neutral.
Can you provide the support and resistance levels for NISOURCE INC?
NISOURCE INC (NI) has a support level at 47.56 and a resistance level at 48.32. Check the full technical report for our detailed analysis of NI support and resistance levels.