NEXTERA ENERGY INC - NEE 5.279 03/01/23 (NEE-P) Stock Technical Analysis
NYSE:NEE-P - New York Stock Exchange, Inc. - US65339F7704 - Currency: USD
Taking everything into account, NEE-P scores 1 out of 10 in our technical rating. NEE-P has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
NEE-P is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
NEE-P has an average volume of 1084160 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the performance of all stocks over the past year, NEE-P turns out to be only a medium performer in the overall market: it outperformed 47% of all stocks.
In the last month NEE-P has a been trading in the 45.73 - 51.25 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
The technical rating of NEE-P is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
45.23
52.70
When analyzing the support we notice one important area.
- A support zone ranging from 45.69 to 46.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 49.55 to 51.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 52.16 to 52.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for NEE-P is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NEE-P is down. |
| ChartMill Relative Strength | 47.23 | NEUTRAL | NEE-P is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NEE-P is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NEE-P is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of NEE-P is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 27.61 | OVERSOLD | The low RSI value suggests NEE-P may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.29 | NEGATIVE | The MACD value suggests NEE-P has a negative trend. |
| Stochastics (14,3) | 43.06 | NEUTRAL | The Stochastics value for NEE-P is a neutral value. |
| Average True Range in percent/ATR (20) | 2.1 | MEDIUM VOLATILITY | The ATR as a percentage value for NEE-P suggests some volalility. |
| Average Directional Index/ADX (14) | 35.59 | POSITIVE | The high ADX value value for NEE-P suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
NEXTERA ENERGY INC - NEE 5.279 03/01/23
NYSE:NEE-P (2/28/2023, 8:04:00 PM)
After market: 47.28 -0.27 (-0.57%)47.55
-0.1 (-0.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.21%
1 Week-3.78%
2 Weeks-5.88%
1 Month-4.59%
3 Month-7.29%
6 Month-8.2%
12 Month-5.26%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.24
ATR(20)%2.1%
ATR Inc12.55%
Range Today1.05
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.23
Mansfield-0.49
10 Day High51.25
10 Day Low45.73
20 Day High51.25
20 Day Low45.73
52 Week High55.05
52 Week Low45.39
CS1 End46.64
CR1 Start49.55
Volume & EV
DER(3)0.43%
DER(5)0.33%
Volume4.33M
Volume Incr8.06%
Vol(5)2.01M
Vol(50)1.08M