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Uptrend ExhaustionArchive
- 12/13/2024 -
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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 -0.51 points, or -1.38%, and closed at 36.55 on Friday, December 13, 2024. Weekly volume was 17% above 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 (25.23) 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 Rising Wedge chart pattern. The uptrend resistance line (31.12) 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 medium-term trend.
 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. 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 November 27, 2024 at 38.55 and reached 36.42 on December 13, 2024. NI lost 2.13 points, or 5.53%, in 16 days. The price is now at the 6.10% retracement level.
 Daily Technical Indicators: [See NI daily technical indicators chart]
Daily Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Williams' Percentage Range or strongly oversold daily Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Use the following link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since December 2, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
 Candlestick pattern: [See NI candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.
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