NEXTERA ENERGY PARTNERS LP (NEP) Technical Analysis
NYSE:NEP • US65341B1061
Current stock price
NEP Technical Rating and Analysis
Overall NEP gets a technical rating of 0 out of 10. NEP's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, NEP is a bad performer in the overall market: 97% of all stocks are doing better.
- NEP is part of the Independent Power and Renewable Electricity Producers industry. There are 20 other stocks in this industry, of which 100% are performing better than NEP.
- NEP is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so NEP is lagging the market.
- In the last month NEP has a been trading in the 9.98 - 19.28 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- NEP has an average volume of 2764670 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
NEP Weekly and Daily overview Charts
NEP Setup Rating and Analysis
The technical rating of NEP is bad and it also does not present a 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
NEP Support and Resistance Analysis
10.43
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 16.00 to 16.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 16.73 to 16.92. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @18.18 from a trend line in the daily time frame.
- Resistance @18.86 from a trend line in the weekly time frame.
NEP 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 | DOWN | NEGATIVE | The long term trend for NEP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NEP is down. |
| ChartMill Relative Strength | 3.54 | NEGATIVE | NEP has a low relative strength, it was outperformed by 96.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NEP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NEP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NEP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 18.83 | OVERSOLD | The low RSI value suggests NEP may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.74 | NEGATIVE | The MACD value suggests NEP has a negative trend. |
| Stochastics (14,3) | 4.94 | OVERSOLD | The low Stochastics value suggests NEP may be oversold. |
| Average True Range in percent/ATR (20) | 10.59 | HIGH VOLATILITY | The high ATR as a percentage value for NEP suggests high volalility. |
| Average Directional Index/ADX (14) | 33.94 | POSITIVE | The high ADX value value for NEP suggests a strong trend. |
NEP Chart- and CandleStick Pattern Analysis
NEP Technicals: Chart, Performance Metrics, Trend & Indicators
10.54
+0.1 (+0.96%)
NEXTERA ENERGY PARTNERS LP / NEP TA FAQ
What is the ChartMill technical rating of NEXTERA ENERGY PARTNERS LP (NEP) stock?
ChartMill assigns a technical rating of 0 / 10 to NEP.
What is the current trend direction of NEXTERA ENERGY PARTNERS LP (NEP) stock?
The current trend direction for NEXTERA ENERGY PARTNERS LP (NEP) is Bearish.
What is the RSI signal for NEP stock?
NEXTERA ENERGY PARTNERS LP (NEP) has an RSI value of 18.83. This indicates that the stock is currently oversold.
What is the buy/sell signal for NEXTERA ENERGY PARTNERS LP (NEP) stock?
The buy/sell signal for NEXTERA ENERGY PARTNERS LP (NEP) is sell as both the short term and long term trends are negative.
What is the support and resistance level for NEP stock?
NEXTERA ENERGY PARTNERS LP (NEP) has a resistance level at 16. Check the full technical report for our detailed analysis of NEP support and resistance levels.