pool adsHow to Trade Nisource $NI with Risk Controls
Smart Money investors care about the price action a stock experiences. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. The data below is a snapshot taken at the time this report was published. The Nisource (NYSE: NI) report below can help you find opportunity, and manage risk. The trading plans for NI, and the other 1000+ stocks we follow, are updated in real time for subscribers. If you want an update, or a different report, please get one here Unlimited Real Time Reports.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Weak | Weak | Weak |
| P1 | 0 | 0 | 19.54 |
| P2 | 21.08 | 21.32 | 21.92 |
| P3 | 21.94 | 22.20 | 23.89 |
Support and Resistance Plot Chart for NI
Long Term Trading Plans for NI
December 25, 2020, 5:30 am ET
The Technical Summary and Trading Plans for NI help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this NI Report.
NI - (Long) Support Plan
The technical summary data tells us to buy NI near 21.92 with an upside target of 23.89. This data also tells us to set a stop loss @ 21.86 to protect against excessive loss in case the stock begins to move against the trade. 21.92 is the first level of support below 22.09 , and by rule, any test of support is a buy signal. In this case, support 21.92 is being tested, a buy signal would exist.
NI - (Short) Resistance Plan
The technical summary data is suggesting a short of NI as it gets near 23.89 with a downside target of 21.92. We should have a stop loss in place at 23.96though. 23.89 is the first level of resistance above 22.09, and by rule, any test of resistance is a short signal. In this case, if resistance 23.89 is being tested, a short signal would exist.
