Analysis Summary for NiSource Inc Common Stock (NI)
Date of Analysis: January 22nd, 2025
Time Target: A major up-cycle composite is expected to arrive in June 2025. There is a very strong long-term confirmation arriving on May 16th, 2025. After putting in a top, NI will sell off to its down-cycle composite, which is expected to arrive around November 2025.
Price Target: Even though the current high makes geometric sense, NI is still quite far from its major up-cycle composite completion. Therefore, we are looking for higher top targets. Our primary target is located at $44 +/- $2.5 with stop loss on $47. If NI breaks above our stop loss, the secondary target will become $53 +/- $2
Projected Move: Our software proposes that NI is going to develop a top to bottom fast move from approximately $44 to $30 (~30%) within 3-6 months.
In summary, NI is expected to develop a top to bottom fast move approximately from May 2025 to November 2025. The drop in price is expected to be from $44 a share to $30 (down 30%). Our bull completion price target is located at $44 (+/- $2.5).
