NISOURCE INC

- USD (-)

- 15 min delayed data - NYSE Stocks

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Type:	Stocks
Ticker:	NI
ISIN:

NISOURCE INC - Daily - Technical analysis published on 10/08/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bearish

De fond: Slightly bearish

Technical indicators

11%

50%

39%

My opinion

Bearish under 30.04 USD

My targets

28.82 USD (-0.48%)

28.08 USD (-3.04%)

My analysis

The short-term decline is currently reinforcing the basic trend, which is only slightly bearish. It would be possible for traders to only trade short positions (for sale) on NISOURCE INC as long as the price remains well below 30.04 USD. The next bearish objective for sellers is set at 28.82 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 28.08 USD. In case of crossing, the next objective would be the support located at 27.29 USD.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

FORCE

3.8

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The NISOURCE INC price is 28.96 USD. On the day, this instrument lost -1.26% with the lowest point at 28.88 USD and the highest point at 29.32 USD. The deviation from the price is +0.28% for the low point and -1.23% for the high point.

28.88

29.32

28.96

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of NISOURCE INC indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : Daily

An assessment of technical indicators shows a slightly bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Support of channel is broken

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	27.29	28.08	28.82	28.96	30.04	30.56
Change (%)	-5.77%	-3.04%	-0.48%	-	+3.73%	+5.52%
Change	-1.67	-0.88	-0.14	-	+1.08	+1.60
Level	Major	Major	Major	-	Major	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	28.87	29.08	29.21	29.42	29.54	29.75	29.88
Camarilla	29.24	29.27	29.30	29.33	29.36	29.39	29.42
Woodie	28.83	29.06	29.16	29.40	29.50	29.73	29.83
Fibonacci	29.08	29.21	29.29	29.42	29.55	29.63	29.75

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	28.17	28.66	29.14	29.63	30.11	30.60	31.08
Camarilla	29.36	29.45	29.54	29.63	29.72	29.81	29.90
Woodie	28.18	28.66	29.15	29.63	30.12	30.60	31.09
Fibonacci	28.66	29.03	29.26	29.63	30.00	30.23	30.60

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	26.65	27.61	28.76	29.72	30.87	31.83	32.98
Camarilla	29.34	29.53	29.73	29.92	30.11	30.31	30.50
Woodie	26.76	27.66	28.87	29.77	30.98	31.88	33.09
Fibonacci	27.61	28.41	28.91	29.72	30.52	31.02	31.83

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	40.87
MACD (12,26,9):	0.0100
Directional Movement:	-6.41
AROON (14):	-57.14
DEMA (21):	29.57
Parabolic SAR (0,02-0,02-0,2):	30.58
Elder Ray (13):	-0.41
Super Trend (3,10):	30.37
Zig ZAG (10):	28.92
VORTEX (21):	0.9900
Stochastique (14,3,5):	16.09
TEMA (21):	29.48
Williams %R (14):	-98.32
Chande Momentum Oscillator (20):	-0.56
Repulse (5,40,3):	-2.3100
ROCnROLL:	2
TRIX (15,9):	0.0500
Courbe Coppock:	1.38

MA7:	29.48
MA20:	29.53
MA50:	29.33
MA100:	29.00
MAexp7:	29.41
MAexp20:	29.52
MAexp50:	29.35
MAexp100:	28.92
Price / MA7:	-1.76%
Price / MA20:	-1.93%
Price / MA50:	-1.26%
Price / MA100:	-0.14%
Price / MAexp7:	-1.53%
Price / MAexp20:	-1.90%
Price / MAexp50:	-1.33%
Price / MAexp100:	+0.14%

News

Don"t forget to follow the news on NISOURCE INC. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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