NEXTERA ENERGY INC (NEE) Stock Technical Analysis
NYSE:NEE - New York Stock Exchange, Inc. - US65339F1012 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to NEE. NEE has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
NEE has an average volume of 12378400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
When compared to the yearly performance of all other stocks, NEE outperforms 43% of them, which is more or less in line with the market.
NEE is an average performer in the Electric Utilities industry, it outperforms 43% of 47 stocks in the same industry.
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 67.20 - 78.46 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NEE has an average technical rating and it also does not offer a high 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
63.47
79.46
We found 3 important support areas.
- A support zone ranging from 68.77 to 69.77. 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.
- A resistance zone ranging from 75.95 to 76.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 77.42 to 78.67. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The short term trend for NEE is down. |
| ChartMill Relative Strength | 43.97 | NEUTRAL | NEE is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of NEE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NEE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.31 | NEUTRAL | The RSI value for NEE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.38 | NEGATIVE | The MACD value suggests NEE has a negative trend. |
| Stochastics (14,3) | 14.01 | OVERSOLD | The low Stochastics value suggests NEE may be oversold. |
| Average True Range in percent/ATR (20) | 2.96 | MEDIUM VOLATILITY | The ATR as a percentage value for NEE suggests some volalility. |
| Average Directional Index/ADX (14) | 14.19 | 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)
71.85
-0.12 (-0.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg-0.17%
1 Week-5.4%
2 Weeks-3.43%
1 Month1.21%
3 Month8.72%
6 Month-1.35%
12 Month-3.25%
2 Year-1.98%
3 Year-14.96%
5 Year2.39%
10 Year173.19%
15 Year449.52%
Volatility
ATR(14)1.91
ATR(20)%2.96%
ATR Inc-16.33%
Range Today1.64
ADR(20)1.97
ADR(20)%2.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS43.97
Mansfield-1.19
10 Day High78.46
10 Day Low71.08
20 Day High78.46
20 Day Low67.2
52 Week High86.1
52 Week Low61.72
CS1 End69.77
CR1 Start75.95
Volume & EV
DER(3)-3.86%
DER(5)-2.39%
Volume8.07M
Volume Incr0.3%
Vol(5)11.57M
Vol(50)12.38M