NEXTERA ENERGY PARTNERS LP (NEP) Stock Technical Analysis
NYSE:NEP - New York Stock Exchange, Inc. - US65341B1061 - Common Stock - Currency: USD
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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
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 84% 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.
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
10.43
19.05
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.
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. |
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)
10.54
+0.1 (+0.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg0.96%
1 Week-32.87%
2 Weeks-37.67%
1 Month-40.79%
3 Month-45.25%
6 Month-59.37%
12 Month-65.21%
2 Year-85.62%
3 Year-85.99%
5 Year-81.43%
10 Year-73.71%
15 YearN/A
Volatility
ATR(14)1.32
ATR(20)%10.59%
ATR Inc-41.32%
Range Today0.76
ADR(20)0.9
ADR(20)%8.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.54
Mansfield-6.17
10 Day High17.3
10 Day Low9.98
20 Day High19.28
20 Day Low9.98
52 Week High35.15
52 Week Low9.98
CS1 EndN/A
CR1 Start16
Volume & EV
DER(3)-0.45%
DER(5)0.12%
Volume4.91M
Volume Incr556.88%
Vol(5)12.06M
Vol(50)2.76M