NEXTERA ENERGY INC (NEE) Stock Technical Analysis
USA - NYSE:NEE - US65339F1012 - Common Stock
Overall NEE gets a technical rating of 7 out of 10. 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. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 84.53. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 81.40, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
68.73
3 important support areas can be observed.
- A support zone ranging from 81.40 to 81.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 71.48 to 72.38. 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 84.53 to 86.03. This zone is formed by a combination of multiple trend lines 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 | 72.94 | POSITIVE | NEE has a high relative strength, it outperformed 72.94% off all stocks 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) | UP | POSITIVE | The current price of NEE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.2 | NEUTRAL | The RSI value for NEE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests NEE has a negative trend. |
| Stochastics (14,3) | 66.57 | 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) | 33.24 | POSITIVE | The high ADX value value for NEE suggests a strong 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 |
|---|---|---|---|
| 86.04 | 81.39 | 4.65 (5.40%) | 18.50% |
| An entry @86.04. This is a Buy Stop order right above the resistance zone. | An exit @81.39. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 4.65 points, which is 5.40%. | For a 1.00% total portfolio risk, you can invest 18.50% 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.
83.99
-1.9 (-2.21%)
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 56.1981. 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 -0.0498347, indicating a bearish trend.
What is the short term momentum for NEE stock?
The short term momentum for NEXTERA ENERGY INC (NEE) is positive.