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Archive
- 1/10/2025 -
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NiSource Inc. (NI) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the NiSource Inc. (NI). During the week, the NI gave back -0.36 points, or -0.99%, and closed at 36.03 on Friday, January 10, 2025. Weekly volume was -14% below average.
 Long-term trend: [See NI long-term trend chart]
A long-term uptrend had started on March 5, 2009 at 3.06 and reached 38.55 on November 27, 2024. NI gained -35.49 points, or -1159.80%, in 820 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (25.33) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line 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 38.55 on November 27, 2024. NI gained -15.69 points, or -68.64%, in 60 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 29.66 and resistance is at 39.94. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See NI weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since December 13, 2024. Use the following link to access a MACD help.
 Short-term trend: [See NI short-term trend chart]
A short-term downtrend had started on January 2, 2025 at 37.13 and reached 35.51 on January 6, 2025. NI lost 1.62 points, or 4.36%, in 4 days. The price is now at the 32.10% retracement level.
Daily Technical Indicators: [See NI daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since December 31, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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