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Downtrend ResistanceArchive
- 4/19/2024 -
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NiSource Inc. (NI) Technical Analysis
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| Summary:
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| | It was a first positive week for the NiSource Inc. (NI). During the week, the NI gained 0.51 points, or 1.88%, and closed at 27.58 on Friday, April 19, 2024. Weekly volume was -14% 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 22.11 and resistance is at 30.01. 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 27.81 on April 19, 2024. NI gained -3.01 points, or -12.14%, in 9 weeks. The price is now at the 7.64% retracement level.
 Weekly Technical Indicators: [See NI weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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. 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 27.81 on April 19, 2024. NI gained -1.55 points, or -5.90%, in 3 days. The price is now at the 14.84% retracement level.
 Daily Technical Indicators: [See NI daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Daily Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bearish divergence.
The daily MACD line is below its signal line since April 4, 2024. The distance between MACD and the signal line is low and getting smaller.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.
During the last week, the price has moved above 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.
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