NEXTERA ENERGY INC (NEE) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:NEE • US65339F1012
We assign a technical rating of 9 out of 10 to NEE. Both in the recent history as in the last year, NEE has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that NEE is one of the better performing stocks in the market, outperforming 77% of all stocks.
- NEE is part of the Electric Utilities industry. There are 46 other stocks in this industry. NEE outperforms 80% 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 78.36 - 89.19 range, which is quite wide. It is currently trading near the high of this range.
- NEE has an average volume of 9720910 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although NEE has an excellent technical rating, it 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
68.73
4 important support areas can be observed.
- A support zone ranging from 82.65 to 83.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 77.86 to 80.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @74.00 from a trend line in the daily 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 87.91 to 88.18. 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 | 77.25 | POSITIVE | NEE has a high relative strength, it outperformed 77.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NEE is above 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) | 73.58 | OVERBOUGHT | The high RSI value suggests NEE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.66 | POSITIVE | The MACD value suggests NEE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.69 | OVERBOUGHT | The high Stochastics value suggests NEE may be overbought. |
| 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) | 28.87 | POSITIVE | The high ADX value value for NEE suggests a strong trend. |
87.9
-0.28 (-0.32%)
NEXTERA ENERGY INC / NEE FAQ
What is the technical rating for NEE stock?
ChartMill assigns a technical rating of 9 / 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 73.5837. This indicates that the stock is currently overbought.
What is the MACD signal for NEE stock?
The MACD indicator for NEXTERA ENERGY INC (NEE) has a value of 0.663808, 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 positive.