RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of NEE
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Stronger technical forecast for NextEra Energy stock price after Wednesday trading.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 25, 2024 Gain 1.88% PDF

The NextEra Energy stock price gained 3.84% on the last trading day (Wednesday, 27th Mar 2024), rising from $61.43 to $63.79. During the last trading day the stock fluctuated 2.96% from a day low at $62.02 to a day high of $63.86. The price has risen in 7 of the last 10 days and is up by 7.14% over the past 2 weeks. Volume fell on the last day by -392 thousand shares and in total, 13 million shares were bought and sold for approximately $844.05 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

Given the current short-term trend, the stock is expected to fall -2.06% during the next 3 months and, with a 90% probability hold a price between $53.47 and $62.48 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

NEE Signals & Forecast

Mostly positive signals in the chart today. The NextEra Energy stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $62.06 and $57.84. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 04, 2024, and so far it has risen 16.05%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for NextEra Energy stock

NextEra Energy finds support from accumulated volume at $61.36 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.83 between high and low, or 2.96%. For the last week, the stock has had daily average volatility of 2.45%.

The NextEra Energy stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $61.27 (-3.96%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 79 and this increases the risk substantially. There is a buy signal from a pivot bottom found 17 days ago.)

Trading Expectations (NEE) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect NextEra Energy, Inc to open at $63.22, and during the day (based on 14 day Average True Range), to move between $62.28 and $65.30, which gives a possible trading interval of +/-$1.51 (+/-2.36%) up or down from last closing price. If NextEra Energy, Inc takes out the full calculated possible swing range there will be an estimated 4.72% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $61.36, some $2.43 (3.81%) from the current price of $63.79, our system finds the risk reward attractive.

Is NextEra Energy, Inc stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 4.308 Buy Candidate Upgraded

Predicted Opening Price for NextEra Energy, Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$63.22 ( 0.89%) $63.79

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for NEE

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 65.06 1.99 %
R2 64.36 0.89 %
R1 63.92 0.208 %
Current price: 63.79
Support S1 62.52 -1.99 %
S2 62.09 -2.67 %
S3 61.39 -3.77 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 63.79
Support S1 61.36 -3.81%
S2 60.08 -5.82%
S3 59.54 -6.66%

NEE Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 16, 2024 Feb 27, 2024 Mar 15, 2024 $0.515 0.86%
2 Feb 16, 2024 Feb 26, 2024 Mar 15, 2024 $0.515 0.86%
3 Oct 12, 2023 Nov 22, 2023 Dec 15, 2023 $0.470 0.764%
4 Jul 27, 2023 Aug 29, 2023 Sep 15, 2023 $0.468 0.681%
5 May 18, 2023 May 26, 2023 Jun 15, 2023 $0.468 0.629%

FAQ

What is the symbol for NextEra Energy Stock and on which exchange is it traded?
The symbol for NextEra Energy is NEE and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell NextEra Energy Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy NextEra Energy Stock?
NextEra Energy Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy NextEra Energy Stock.

What's the current price of NextEra Energy Stock?
As of the end of day on the 2024-03-27, the price of an NextEra Energy (NEE) share was $63.79.

What is the 52-week high and low for NextEra Energy Stock?
The 52-week high for NextEra Energy Stock is $79.78 and the 52-week low is $47.15.

What is the market capitalization of NextEra Energy Stock?
As of the 2024-03-27, the market capitalization of NextEra Energy is 126.081B.

When is the next earnings date for NextEra Energy?
The upcoming earnings date for NextEra Energy is Apr 23, 2024.
Click to get the best stock tips daily for free!

About NextEra Energy, Inc

NextEra Energy NextEra Energy, Inc., through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, coal, and natural gas facilities. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric ... NEE Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT