NEXTERA ENERGY INC (NEE) Stock Technical Analysis
USA - NYSE:NEE - US65339F1012 - Common Stock
83.25 USD
+0.41 (+0.49%)
83.51 USD
+0.26 (+0.31%)
We assign a technical rating of 8 out of 10 to NEE. Although NEE is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
NEE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NEE is lagging the market slightly.
NEE is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
NEE has an average volume of 10198900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, NEE outperforms 65% of them, which is more or less in line with the market.
NEE is an average performer in the Electric Utilities industry, it outperforms 54% of 47 stocks in the same industry.
NEE has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 82.84, a Stop Loss order could be placed below this zone.
More info and screens
68.73
86.65
We found 3 important support areas.
- A support zone ranging from 82.00 to 82.84. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 70.90 to 71.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @69.42 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 84.25 to 85.79. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for NEE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NEE is up. |
| ChartMill Relative Strength | 65.77 | NEUTRAL | NEE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NEE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NEE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NEE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.99 | NEUTRAL | The RSI value for NEE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.28 | NEGATIVE | The MACD value suggests NEE has a negative trend. |
| Stochastics (14,3) | 58.1 | NEUTRAL | The Stochastics value for NEE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.18 | MEDIUM VOLATILITY | The ATR as a percentage value for NEE suggests some volalility. |
| Average Directional Index/ADX (14) | 45.37 | POSITIVE | The high ADX value value for NEE 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 85.80 | 82.46 | 3.34 (3.89%) | 25.00% |
| An entry @85.80. This is a Buy Stop order right above the resistance zone. | An exit @82.46. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.34 points, which is 3.89%. | For a 0.97% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
83.25
+0.41 (+0.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg0.49%
1 Week-2.12%
2 Weeks-0.55%
1 Month11.52%
3 Month15.87%
6 Month25.96%
12 Month2.24%
2 Year42.8%
3 Year7.42%
5 Year13.71%
10 Year224.37%
15 Year505.02%
Volatility
ATR(14)1.73
ATR(20)%2.18%
ATR Inc-17.99%
Range Today1.32
ADR(20)1.75
ADR(20)%2.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS65.77
3 months CRS83.84
6 months CRS74.56
Mansfield0.26
10 Day High86.74
10 Day Low82.47
20 Day High86.74
20 Day Low74.63
52 Week High86.74
52 Week Low61.72
CS1 End82.84
CR1 Start84.25
Volume & EV
DER(3)-2.39%
DER(5)-0.46%
Volume5.63M
Volume Incr-33.5%
Vol(5)7.30M
Vol(50)10.20M