|
|
|
|
Uptrend SupportArchive
- 4/26/2024 -
Sign In to see current Signals. |
NiSource Inc. (NI) Technical Analysis
|
 |
| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was a second consecutive positive week for the NiSource Inc. (NI). During the week, the NI gained 0.36 points, or 1.31%, and closed at 27.94 on Friday, April 26, 2024. Weekly volume was -9% below average.
NI is a member of Utilities Sector. Utilities is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See NI long-term trend chart]
A long-term downtrend had started on April 6, 2022 at 32.59 and reached 22.86 on October 3, 2023. NI lost 9.73 points, or 29.86%, in 77 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 22.08 and resistance is at 29.99. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.
 Medium-term trend: [See NI medium-term trend chart]
A medium-term uptrend had started on October 3, 2023 at 22.86 and reached 28.25 on April 25, 2024. NI gained -5.39 points, or -23.58%, in 29 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 26.30 and resistance is at 28.13. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See NI weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since February 16, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.
 Short-term trend: [See NI short-term trend chart]
A short-term uptrend had started on April 16, 2024 at 26.26 and reached 28.25 on April 25, 2024. NI gained -1.99 points, or -7.58%, in 9 days. The price is now at the 15.58% retracement level.
 Daily Technical Indicators: [See NI daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
| |
|
|
|
|
| Daily Oscillators |
|
|
| Weekly Oscillators |
|
|
| Trading
Signals |
|
|
|
| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Utilities |
11 |
| Industry |
Multi-Utilities |
100 |
|
| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
28.25 |
| High Date |
04/25/2024 |
| Low |
27.92 |
| Low Date |
04/26/2024 |
|
| Weekly Trend |
|
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
|
| Resistance |
|
| Support |
|
| Low |
26.26 |
| Low Date |
04/16/2024 |
| High |
28.25 |
| High Date |
04/25/2024 |
|
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
|
| Resistance |
|
| Support |
|
| Low |
24.80 |
| Low Date |
02/13/2024 |
| High |
28.25 |
| High Date |
04/25/2024 |
|
| Quarterly Trend |
|
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Wedge |
| Status |
Valid |
| Resistance |
28.13 |
| Support |
26.30 |
| Low |
22.86 |
| Low Date |
10/03/2023 |
| High |
28.25 |
| High Date |
04/25/2024 |
|
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Channel |
| Status |
Valid |
| Resistance |
29.99 |
| Support |
22.08 |
| High |
32.59 |
| High Date |
04/06/2022 |
| Low |
22.86 |
| Low Date |
10/03/2023 |
|
|