NEXTERA ENERGY INC (NEE) Technical Analysis
NYSE:NEE • US65339F1012
Current stock price
NEE Technical Rating and Analysis
Taking everything into account, NEE scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NEE is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that NEE is one of the better performing stocks in the market, outperforming 82% of all stocks. We also observe that the gains produced by NEE over the past year are nicely spread over this period.
- NEE is part of the Electric Utilities industry. There are 47 other stocks in this industry. NEE outperforms 82% of them.
- NEE is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month NEE has a been trading in the 89.17 - 96.20 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- NEE has an average volume of 9655390 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
NEE Weekly and Daily overview Charts
NEE Setup Rating and Analysis
Besides having an excellent technical rating, NEE also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 93.15, a Stop Loss order could be placed below this zone.
More info and screens
NEE Support and Resistance Analysis
84.07
When analyzing the support we can see 3 important areas.
- A support zone ranging from 89.50 to 91.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @86.85 from a trend line in the weekly time frame.
- Support @84.92 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 92.33 to 94.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @95.68 from a horizontal line in the daily time frame.
NEE Technical Indicator Signal Analysis
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 | 82.46 | POSITIVE | NEE has a high relative strength, it outperformed 82.46% 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 | 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) | 60.15 | NEUTRAL | The RSI value for NEE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests NEE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.25 | NEUTRAL | The Stochastics value for NEE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.03 | MEDIUM VOLATILITY | The ATR as a percentage value for NEE suggests some volalility. |
| Average Directional Index/ADX (14) | 24.57 | NEUTRAL | The ADX value for NEE suggests a possible start of a new trend. |
NEE Chart- and CandleStick Pattern Analysis
NEE Example Setup
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 |
|---|---|---|---|
| 94.10 | 90.69 | 3.41 (3.62%) | 25.00% |
| An entry @94.10. This is a Buy Stop order right above the resistance zone. | An exit @90.69. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.41 points, which is 3.62%. | For a 0.91% 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.
NEE Technicals: Chart, Performance Metrics, Trend & Indicators
92.3
-1.78 (-1.89%)
NEXTERA ENERGY INC / NEE TA FAQ
What is the technical rating for NEE stock?
ChartMill assigns a technical rating of 10 / 10 to NEE.
Can you provide the trend direction for NEXTERA ENERGY INC?
The current trend direction for NEXTERA ENERGY INC (NEE) is Bullish.
What is the RSI signal for NEE stock?
NEXTERA ENERGY INC (NEE) has an RSI value of 60.1451. This indicates that the stock is currently neutral.
Can you provide the MACD signal for NEXTERA ENERGY INC?
The MACD indicator for NEXTERA ENERGY INC (NEE) has a value of 0.205084, indicating a bearish trend.
Can you provide the support and resistance levels for NEXTERA ENERGY INC?
NEXTERA ENERGY INC (NEE) has a support level at 93.15 and a resistance level at 94.09. Check the full technical report for our detailed analysis of NEE support and resistance levels.