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Archive
- 4/5/2024 -
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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 dropped -0.47 points, or -1.70%, and closed at 27.19 on Friday, April 5, 2024. Weekly volume was -41% below average.
 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 22.15 and resistance is at 30.06. 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 February 13, 2024 at 24.80 and reached 27.75 on April 2, 2024. NI gained -2.95 points, or -11.90%, in 7 weeks. The price is now at the 18.98% retracement level.
 Weekly Technical Indicators: [See NI weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. 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 link to access Lane's Stochastic 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 March 14, 2024 at 26.04 and reached 27.75 on April 2, 2024. NI gained -1.71 points, or -6.57%, in 19 days. The chart has formed a Rising Wedge chart pattern.
 Daily Technical Indicators: [See NI daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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