NiSource Inc Stock Forecast
NiSource Inc stock upgraded to Buy Candidate.
(Updated on Apr 17, 2024)
The NiSource Inc stock price gained 2.22% on the last trading day (Wednesday, 17th Apr 2024), rising from $26.56 to $27.15. During the last trading day the stock fluctuated 1.97% from a day low at $26.70 to a day high of $27.23. The price has fallen in 6 of the last 10 days and is down by -0.69% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 66 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $86.36 million.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.45% during the next 3 months and, with a 90% probability hold a price between $28.84 and $30.50 at the end of this 3-month period.
NI Signals & Forecast
The NiSource Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $27.11 and $26.95. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -1.84%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for NiSource Inc stock
NiSource Inc finds support from accumulated volume at $26.12 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.525 between high and low, or 1.97%. For the last week the stock has had daily average volatility of 1.95%.
Our recommended stop-loss: $25.97 (-4.36%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (NI) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect NiSource Inc to open at $27.03, and during the day (based on 14 day Average True Range), to move between $26.69 and $27.61, which gives a possible trading interval of +/-$0.456 (+/-1.68%) up or down from last closing price. If NiSource Inc takes out the full calculated possible swing range there will be an estimated 3.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $27.25 (0.37%) than the support at $26.12 (3.79%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is NiSource Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for NiSource Inc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.318 Buy Candidate Upgraded
Predicted Opening Price for NiSource Inc of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $27.03 ( 0.460%) | $27.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.55 | 1.47 % | |
| R2 | 27.35 | 0.735 % | ||
| R1 | 27.23 | 0.278 % | ||
| Current price: | 27.15 | |||
| Support | S1 | 26.82 | -1.20 % | |
| S2 | 26.70 | -1.66 % | ||
| S3 | 26.50 | -2.39 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.66 | 1.88 % | |
| R2 | 27.30 | 0.552 % | ||
| R1 | 27.25 | 0.368 % | ||
| Current price | 27.15 | |||
| Support | S1 | 26.12 | -3.79% | |
| S2 | 26.06 | -4.01% | ||
| S3 | 25.97 | -4.35% |
NI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 20, 2024 | $0.265 | 0.98% |
| 2 | Jan 25, 2024 | Feb 05, 2024 | Feb 20, 2024 | $0.265 | 1.02% |
| 3 | Jan 25, 2024 | Feb 02, 2024 | Feb 20, 2024 | $0.265 | 1.02% |
| 4 | Aug 07, 2023 | Oct 30, 2023 | Nov 20, 2023 | $0.250 | 0.96% |
| 5 | May 23, 2023 | Jul 28, 2023 | Aug 18, 2023 | $0.250 | 0.95% |
FAQ
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