NiSource Technical Analysis (NYSE:NI)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the NiSource stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the NI stock chart which creates a trading signal.
See NiSource bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of NiSource stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
NiSource Moving Average
Moving averages show the NI stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $26.47 is below the price of $27.6.
NiSource Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like NiSource. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. NiSource bollinger bands show that the stock price is $27.6, upper band is 27.57, lower band is 25.36, and the average is 26.47.
NiSource Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The NiSource MACD indicator can be used to identify bullish and bearish trends for the stock.
NiSource Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . If the RSI of NI stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.