NEXTERA ENERGY INC (NEE) Stock Technical Analysis
NYSE:NEE - New York Stock Exchange, Inc. - US65339F1012 - Common Stock - Currency: USD
Overall NEE gets a technical rating of 3 out of 10. In the last year, NEE was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
When comparing the yearly performance of all stocks, NEE is a bad performer in the overall market: 70% of all stocks are doing better.
NEE is part of the Electric Utilities industry. There are 47 other stocks in this industry, of which 73% are performing better than NEE.
NEE has an average volume of 10493400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
NEE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NEE is lagging the market.
In the last month NEE has a been trading in the 69.69 - 78.46 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of NEE is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
63.47
79.46
When analyzing the support we can see 5 important areas.
- Support @75.16 from a trend line in the weekly time frame.
- A support zone ranging from 72.15 to 72.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 69.36 to 70.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @65.81 from a horizontal line in the weekly time frame.
- Support @64.11 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @76.16 from a horizontal line in the daily time frame.
- Resistance @78.67 from a horizontal line in the daily time frame.
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 is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NEE is neutral. |
| ChartMill Relative Strength | 30.46 | NEUTRAL | NEE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NEE is above a declining 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) | DOWN | MIXED | The current price of NEE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.71 | NEUTRAL | The RSI value for NEE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests NEE has a positive trend. |
| Stochastics (14,3) | 78.97 | NEUTRAL | The Stochastics value for NEE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.38 | MEDIUM VOLATILITY | The ATR as a percentage value for NEE suggests some volalility. |
| Average Directional Index/ADX (14) | 13.28 | NEGATIVE | The low ADX value for NEE suggests a weak or negative 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)
75.41
+3.17 (+4.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg4.39%
1 Week4.14%
2 Weeks7.12%
1 Month-0.71%
3 Month0.55%
6 Month10.8%
12 Month-4.02%
2 Year12.89%
3 Year-11.34%
5 Year8.05%
10 Year206.51%
15 Year461.4%
Volatility
ATR(14)1.6
ATR(20)%2.38%
ATR Inc120.95%
Range Today4.91
ADR(20)1.77
ADR(20)%2.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.46
Mansfield-0.71
10 Day High76.69
10 Day Low70.18
20 Day High78.46
20 Day Low69.69
52 Week High86.1
52 Week Low61.72
CS1 End75.16
CR1 Start76.16
Volume & EV
DER(3)2.44%
DER(5)0.9%
Volume23.40M
Volume Incr27.48%
Vol(5)11.08M
Vol(50)10.49M