Stock Forecast Chart
Stock Price Prediction Summary
Forecast Score Based on 2 Weeks
Based on our forecast, the price of NIMC will rise by +0.43% over the next 2 Weeks and hit $100.12 by Thursday, December 14, 2023. In that time frame, NIMC's share price is expected to range between $98.93 and $101.15.
BearishAverageBullish| Date | Predicted Lower | Predicted | Predicted Upper |
|---|---|---|---|
| Dec 14, 2023 | 98.92 | 100.31 | 101.60 |
| Dec 13, 2023 | 99.48 | 100.88 | 102.35 |
| Dec 12, 2023 | 99.99 | 101.41 | 102.76 |
| Dec 11, 2023 | 99.51 | 100.85 | 102.17 |
| Dec 8, 2023 | 100.55 | 101.85 | 103.21 |
| Dec 7, 2023 | 99.93 | 101.22 | 102.53 |
| Dec 6, 2023 | 100.47 | 101.79 | 103.07 |
| Dec 5, 2023 | 101.06 | 102.31 | 103.56 |
| Dec 4, 2023 | 100.42 | 101.76 | 102.99 |
| Dec 1, 2023 | 101.45 | 102.75 | 104.04 |
NIMC shares fell -1.60% in Thursday, November 30, 2023's trading session, dropping from a previous close of $101.31 to move at $99.69. The stock demonstrated notable intraday movement (see NIMC's key stats for a full breakdown), fluctuating between $99.69 and $101.23, a +1.54% trading range. While recent weeks have seen some volatility, NIMC has managed to secure a -3.36% drop over the past 2 weeks. The downward price movement was accompanied by increased trading volume, with approximately 1.38M shares changing hands, 1.37M more than the previous session. This amounted to $137.20M in total market activity.
Will NIMC Continue Its Upward Trend?
According to analyst ratings and projections for NIMC, NiSource Inc. shares are anticipated to increase by +1.88%, potentially reaching $101.60 per share by December 14, 2023. Short-term technical indicators currently suggest a neutral sentiment for NIMC. For deeper insights, view our sentiment analysis on AAPL covering social and institutional perspectives. However, the stock has recorded 12 positive trading days within the past 30 sessions. Based on the NIMC stock forecast, now is a good time to buy NIMC stock because its current trading price is -0.62% below our predicted value, hinting at a possible overvaluation. For deeper insights, view our sentiment analysis on NIMC covering social and institutional perspectives.
NIMC Technical Momentum: Overbought, Oversold, or Neutral?
An analysis of Relative Strength Index (RSI) indicators provides insight into NIMC's momentum. Short-term RSIs (9, 14, and 20-day figures ranging from 30.97% to 43.44%) suggest weak bearish momentum with possible fluctuation. The 50-day RSI, at 47.89%, suggests a neutral medium-term outlook. Additionally, the 100-day RSI, at 48.38%, maintains a neutral outlook for the long term. Insights into NIMC's shareholder base show how institutional investors are positioning themselves during these momentum shifts
NiSource Inc. Monthly Forecast 2024
September 2024
According to our latest forecast models, NiSource Inc. (NIMC) is positioned to show a strong performance in September 2024. The price is predicted to move between $90.58 and $95.61, settling at an average of $93.00. This could translate to a -6.71% loss.
October 2024
Based on current market signals, NiSource Inc. is projected to trend october 2024. We forecast a trading range from $82.98 to $94.82, with a likely average price of $89.68. Investors could expect a potential return of -10.04%.
November 2024
Our predictive algorithms indicate NiSource Inc. stock may see a shift in November 2024. The expected range spans $82.47–$91.55, with an average target of $88.43. This represents a cautious outlook and a possible loss of -11.30%.
NIMC's history of dividends and stock splits also plays a role in long-term investor confidence.