NISOURCE INC (NI) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:NI • US65473P1057
Overall NI gets a technical rating of 8 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 long and short term trends are both positive. This is looking good!
- NI is one of the better performing stocks in the Multi-Utilities industry, it outperforms 72% of 26 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 41.30 - 44.95 range, which is quite wide. It is currently trading near the high of this range.
- NI has an average volume of 3551840 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 63% of them, which is more or less in line with the market.
- Volume is considerably higher in the last couple of days.
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 support zone below the current price at 43.31, a Stop Loss order could be placed below this zone.
More info and screens
39.43
3 important support areas can be observed.
- A support zone ranging from 42.54 to 43.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 40.96 to 41.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @39.83 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 44.03 to 44.66. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 63.16 | 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) | 58.63 | NEUTRAL | The RSI value for NI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests NI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.59 | NEUTRAL | The Stochastics value for NI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.7 | LOW VOLATILITY | The low ATR as a percentage value for NI suggests low volalility. |
| Average Directional Index/ADX (14) | 27.81 | 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 |
|---|---|---|---|
| 44.67 | 42.90 | 1.77 (3.96%) | 25.00% |
| An entry @44.67. This is a Buy Stop order right above the resistance zone. | An exit @42.90. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.77 points, which is 3.96%. | For a 0.99% 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.
43.96
-0.07 (-0.16%)
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 58.6268. This indicates that the stock is currently neutral.
What is the MACD signal for NI stock?
The MACD indicator for NISOURCE INC (NI) has a value of 0.050033, indicating a bearish trend.
What is the support and resistance level for NI stock?
NISOURCE INC (NI) has a support level at 43.31 and a resistance level at 44.03. Check the full technical report for our detailed analysis of NI support and resistance levels.