NEXTERA ENERGY INC (NEE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NEE - US65339F1012 - Common Stock
We assign a technical rating of 7 out of 10 to NEE. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, NEE is only an average performer.
Besides having an excellent technical rating, NEE also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 83.12, a Stop Loss order could be placed below this zone.
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68.73
We found 4 important support areas.
- A support zone ranging from 83.12 to 83.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @73.20 from a trend line in the daily time frame.
- Support @72.02 from a trend line in the weekly time frame.
- Support @69.42 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 84.51 to 86.29. 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 | NEUTRAL | NEUTRAL | The short term trend for NEE is neutral. |
| ChartMill Relative Strength | 79.5 | POSITIVE | NEE has a high relative strength, it outperformed 79.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NEE is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of NEE is below 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) | 46.49 | NEUTRAL | The RSI value for NEE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.3 | NEGATIVE | The MACD value suggests NEE has a negative trend. |
| Stochastics (14,3) | 43.23 | NEUTRAL | The Stochastics value for NEE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.08 | MEDIUM VOLATILITY | The ATR as a percentage value for NEE suggests some volalility. |
| Average Directional Index/ADX (14) | 18.23 | NEGATIVE | The low ADX value for NEE suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 84.52 | 83.11 | 1.41 (1.66%) | 25.00% |
| An entry @84.52. This is a Buy Stop order right above the 10 day moving average. | An exit @83.11. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.41 points, which is 1.66%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.42%. |
- The distance between exit and entry is rather small compared to the average daily movement of NEE. Please evaluate whether better entry and exit points can be found.
- 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.
83.13
-0.26 (-0.31%)
NEXTERA ENERGY INC / NEE FAQ
What is the technical rating for NEE stock?
ChartMill assigns a technical rating of 7 / 10 to NEE.
What is the current trend direction of NEXTERA ENERGY INC (NEE) stock?
The current trend direction for NEXTERA ENERGY INC (NEE) is Bullish.
Can you provide the RSI signal for NEXTERA ENERGY INC?
NEXTERA ENERGY INC (NEE) has an RSI value of 46.488. This indicates that the stock is currently neutral.
What is the MACD signal for NEXTERA ENERGY INC (NEE) stock?
The MACD indicator for NEXTERA ENERGY INC (NEE) has a value of -0.301429, indicating a bearish trend.
What is the short term momentum for NEE stock?
The short term momentum for NEXTERA ENERGY INC (NEE) is neutral.