NEXTERA ENERGY INC (NEE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NEE - US65339F1012 - Common Stock
Overall NEE gets a technical rating of 3 out of 10. NEE has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
Although the technical rating is bad, NEE does present a nice setup opportunity. 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 80.55. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 80.25, a Stop Loss order could be placed below this zone.
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68.73
When analyzing the support we can see 4 important areas.
- A support zone ranging from 79.54 to 80.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @74.12 from a trend line in the daily time frame.
- Support @72.75 from a trend line in the weekly time frame.
- Support @69.42 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 80.55 to 81.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 84.65 to 86.29. 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 | DOWN | NEGATIVE | The short term trend for NEE is down. |
| ChartMill Relative Strength | 64.21 | NEUTRAL | NEE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NEE is below a declining 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) | UP | POSITIVE | The current price of NEE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.54 | NEUTRAL | The RSI value for NEE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests NEE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 44.44 | NEUTRAL | The Stochastics value for NEE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.71 | LOW VOLATILITY | The low ATR as a percentage value for NEE suggests low volalility. |
| Average Directional Index/ADX (14) | 22.87 | NEUTRAL | The ADX value for NEE suggests a possible start of a new trend. |
80.28
-0.25 (-0.31%)
NEXTERA ENERGY INC / NEE FAQ
What is the technical rating for NEE stock?
ChartMill assigns a technical rating of 3 / 10 to NEE.
Can you provide the trend direction for NEXTERA ENERGY INC?
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 42.5418. This indicates that the stock is currently neutral.
What is the MACD signal for NEE stock?
The MACD indicator for NEXTERA ENERGY INC (NEE) has a value of -0.0134761, indicating a bearish trend.
What is the short term momentum for NEXTERA ENERGY INC (NEE) stock?
The short term momentum for NEXTERA ENERGY INC (NEE) is negative.