NISOURCE INC - NI 7 3/4 03/01/24 (NIMC) Technical Analysis
NYSE:NIMC • US65473P1214
Current stock price
NIMC Technical Rating and Analysis
We assign a technical rating of 3 out of 10 to NIMC. NIMC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- NIMC is one of the lesser performing stocks in the Multi-Utilities industry. 72% of 26 stocks in the same industry do better.
- In the last month NIMC has a been trading in the 99.69 - 107.61 range, which is quite wide. It is currently trading near the lows of this range.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- When comparing the performance of all stocks over the past year, NIMC turns out to be only a medium performer in the overall market: it outperformed 40% of all stocks.
- NIMC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NIMC is lagging the market slightly.
NIMC Weekly and Daily overview Charts
NIMC Setup Rating and Analysis
The technical rating of NIMC is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
NIMC Support and Resistance Analysis
96.48
We found 1 important support area.
- A support zone ranging from 97.45 to 98.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 100.56 to 106.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
NIMC 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 | NEUTRAL | NEUTRAL | The long term trend for NIMC is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NIMC is neutral. |
| ChartMill Relative Strength | 40.13 | NEUTRAL | NIMC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NIMC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NIMC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NIMC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.04 | NEUTRAL | The RSI value for NIMC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.35 | NEGATIVE | The MACD value suggests NIMC has a negative trend. |
| Stochastics (14,3) | 24.02 | NEUTRAL | The Stochastics value for NIMC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.6 | LOW VOLATILITY | The low ATR as a percentage value for NIMC suggests low volalility. |
| Average Directional Index/ADX (14) | 26.81 | POSITIVE | The high ADX value value for NIMC suggests a strong trend. |
NIMC Chart- and CandleStick Pattern Analysis
NIMC Technicals: Chart, Performance Metrics, Trend & Indicators
NISOURCE INC - NI 7 3/4 03/01/24
NYSE:NIMC (11/30/2023, 8:14:03 PM)
After market: 100.11 +0.42 (+0.42%)99.69
-1.62 (-1.6%)
NISOURCE INC - NI 7 3/4 03/01/24 / NIMC TA FAQ
What is the ChartMill technical rating of NISOURCE INC - NI 7 3/4 03/01/24 (NIMC) stock?
ChartMill assigns a technical rating of 3 / 10 to NIMC.
What is the trend direction for NIMC stock?
The current trend direction for NISOURCE INC - NI 7 3/4 03/01/24 (NIMC) is Bearish.
What is the RSI signal for NISOURCE INC - NI 7 3/4 03/01/24 (NIMC) stock?
NISOURCE INC - NI 7 3/4 03/01/24 (NIMC) has an RSI value of 39.0391. This indicates that the stock is currently neutral.
What is the MACD signal for NISOURCE INC - NI 7 3/4 03/01/24 (NIMC) stock?
The MACD indicator for NISOURCE INC - NI 7 3/4 03/01/24 (NIMC) has a value of -0.353875, indicating a bearish trend.
What is the short term momentum for NISOURCE INC - NI 7 3/4 03/01/24 (NIMC) stock?
The short term momentum for NISOURCE INC - NI 7 3/4 03/01/24 (NIMC) is neutral.