NEXTERA ENERGY PARTNERS LP (NEP)

US65341B1061 - Common Stock

30.08  +1.08 (+3.72%)

After market: 29.9 -0.18 (-0.6%)

Technical Rating and Analysis

3

Overall NEP gets a technical rating of 3 out of 10. In the past year, NEP was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.

The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
90% of all other stocks performed better in the past year than NEP.
NEP is one of the lesser performing stocks in the Independent Power and Renewable Electricity Producers industry. 75% of 21 stocks in the same industry do better.
NEP 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 NEP has a been trading in the 26.83 - 29.83 range, which is quite wide. It is currently trading near the high of this range.
NEP has an average volume of 1393520 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Weekly and Daily overview Charts
NEP Weekly chart
NEP Daily chart
Setup Rating and Analysis

4

NEP 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.

Support and Resistance Analysis

25.83

37.98

We found 4 important support areas.

  • Support @29.24 from a horizontal line in the daily time frame.
  • A support zone ranging from 27.89 to 28.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @27.41 from a trend line in the daily time frame.
  • A support zone ranging from 26.09 to 26.09. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 3 important resistance areas.

  • A resistance zone ranging from 30.41 to 30.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @31.47 from a horizontal line in the daily time frame.
  • Resistance @37.60 from a trend line in the weekly time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.98
Mansfield-3.99
10 Day High29.25
10 Day Low26.83
20 Day High29.83
20 Day Low26.83
52 Week High64.43
52 Week Low20.17
Performance
1 Week7.01%
2 Weeks0.03%
1 Month7.69%
3 Month-4.64%
6 Month-2.36%
12 Month-52.26%
2 Year-65.21%
3 Year-60.21%
5 Year-37.82%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.04
RSI(14)56.26
LBB26.72
UBB29.74
NEP Daily chart

NEXTERA ENERGY PARTNERS LP

NYSE:NEP (3/28/2024, 5:12:30 PM)

After market: 29.9 -0.18 (-0.6%)

30.08

+1.08 (+3.72%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg3.72%
1 Week7.01%
2 Weeks0.03%
1 Month7.69%
3 Month-4.64%
6 Month-2.36%
12 Month-52.26%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.9
ATR(20)%3.29%
ATR Inc
Range Today1.07
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High29.25
10 Day Low26.83
20 Day High29.83
20 Day Low26.83
52 Week High64.43
52 Week Low20.17
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.54M
Volume Incr1.07%
Vol(5)1.30M
Vol(50)1.39M