NEXTERA ENERGY INC (NEE) Stock Technical Analysis
NYSE:NEE - New York Stock Exchange, Inc. - US65339F1012 - Common Stock - Currency: USD
Taking everything into account, NEE scores 1 out of 10 in our technical rating. NEE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
70% of all other stocks performed better in the past year than NEE.
NEE is part of the Electric Utilities industry. There are 47 other stocks in this industry, of which 71% are performing better than NEE.
NEE is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month NEE has a been trading in the 67.20 - 75.30 range, which is quite wide. It is currently trading near the lows of this range.
NEE has an average volume of 13022800 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.
NEE has a poor technical rating and the quality of the setup is also not perfect 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
76.92
We found 3 important support areas.
- A support zone ranging from 68.10 to 68.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 65.81 to 66.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 69.92 to 71.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 74.17 to 76.16. 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 | 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 | 30.46 | 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) | UP | MIXED | The current price of NEE is below the rising 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) | 43.18 | 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) | 19.58 | OVERSOLD | The low Stochastics value suggests NEE may be oversold. |
| Average True Range in percent/ATR (20) | 2.33 | MEDIUM VOLATILITY | The ATR as a percentage value for NEE suggests some volalility. |
| Average Directional Index/ADX (14) | 14.78 | 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)
69.42
-1.47 (-2.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg-2.07%
1 Week-1.85%
2 Weeks-7.17%
1 Month-1.73%
3 Month3.75%
6 Month-3.57%
12 Month-3.7%
2 Year-6.44%
3 Year-10.38%
5 Year15.62%
10 Year183.26%
15 Year469.48%
Volatility
ATR(14)1.72
ATR(20)%2.33%
ATR Inc73.38%
Range Today2.48
ADR(20)1.5
ADR(20)%2.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.46
Mansfield-1.28
10 Day High75.3
10 Day Low67.2
20 Day High75.3
20 Day Low67.2
52 Week High86.1
52 Week Low61.72
CS1 End68.03
CR1 Start74.23
Volume & EV
DER(3)1.63%
DER(5)1.24%
Volume20.89M
Volume Incr13.29%
Vol(5)13.00M
Vol(50)13.02M