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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 NEP
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NextEra Energy Partners LP stock downgraded to Hold/Accumulate
(Updated on May 22, 2024)

Buy or Hold candidate since May 02, 2024 Gain 16.80% PDF

The NextEra Energy Partners LP stock price gained 1.95% on the last trading day (Wednesday, 22nd May 2024), rising from $33.89 to $34.55. During the last trading day the stock fluctuated 4.46% from a day low at $33.65 to a day high of $35.15. The price has risen in 6 of the last 10 days and is up by 14.67% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 582 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $61.90 million.

The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $33.43, a level that may pose a second chance to hit a runner. According to fan-theory $37.82 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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NEP Signals & Forecast

The NextEra Energy Partners LP 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 $33.89 and $30.07. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 27.96%. 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 is rising along with the price. This is considered to be a good technical signal.

Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation A buy signal from a double bottom formation was found on Tuesday, April 16, 2024 with a target of $30.35. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.

Support, Risk & Stop-loss for NextEra Energy Partners LP stock

On the downside, the stock finds support just below today's level from accumulated volume at $28.77 and $28.61. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, NextEra Energy Partners LP finds support just below today's level at $28.77. If this is broken, then the next support from accumulated volume will be at $28.61 and $27.00.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.50 between high and low, or 4.46%. For the last week, the stock has had daily average volatility of 2.84%.

The NextEra Energy Partners LP stock is extremely overbought on RSI14 (78). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: $33.36 (-3.44%) (This stock has high daily movements and this gives high risk. The RSI14 is 78 and this increases the risk substantially. There is a buy signal from a pivot bottom found 31 days ago.)

Trading Expectations (NEP) For The Upcoming Trading Day Of Thursday 23rd

For the upcoming trading day on Thursday, 23rd we expect NextEra Energy Partners LP to open at $34.45, and during the day (based on 14 day Average True Range), to move between $33.37 and $35.73, which gives a possible trading interval of +/-$1.18 (+/-3.42%) up or down from last closing price. If NextEra Energy Partners LP takes out the full calculated possible swing range there will be an estimated 6.84% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $28.77, some $5.78 (16.73%) from the current price of $34.55, our system finds the risk reward attractive.

Is NextEra Energy Partners LP stock A Buy?

NextEra Energy Partners LP holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for NextEra Energy Partners LP of Thursday, May 23, 2024

Fair opening price May 23, 2024 Current price
$34.45 ( 0.289%) $34.55

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

Trading levels for NEP

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 35.95 4.05 %
R2 35.38 2.39 %
R1 35.02 1.37 %
Current price: 34.55
Support S1 33.88 -1.95 %
S2 33.52 -2.97 %
S3 32.95 -4.63 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 34.55
Support S1 28.77 -16.73%
S2 28.61 -17.19%
S3 27.00 -21.85%

NEP Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 23, 2024 May 06, 2024 May 15, 2024 $0.89 2.66%
2 Jan 24, 2024 Feb 05, 2024 Feb 14, 2024 $0.88 3.11%
3 Oct 24, 2023 Nov 03, 2023 Nov 14, 2023 $0.87 3.56%
4 Jul 24, 2023 Aug 03, 2023 Aug 14, 2023 $0.85 1.81%
5 Apr 24, 2023 May 04, 2023 May 15, 2023 $0.84 1.36%

FAQ

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

Should I buy or sell NextEra Energy Partners LP Stock?
NextEra Energy Partners LP holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy NextEra Energy Partners LP Stock?
NextEra Energy Partners LP 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 Partners LP Stock.

What's the current price of NextEra Energy Partners LP Stock?
As of the end of day on the May 22, 2024, the price of an NextEra Energy Partners LP (NEP) share was $34.55.

What is the 52-week high and low for NextEra Energy Partners LP Stock?
The 52-week high for NextEra Energy Partners LP Stock is $63.89 and the 52-week low is $20.17.

What is the market capitalization of NextEra Energy Partners LP Stock?
As of the May 22, 2024, the market capitalization of NextEra Energy Partners LP is 3.17B.

When is the next earnings date for NextEra Energy Partners LP?
The upcoming earnings date for NextEra Energy Partners LP is Jul 23, 2024.
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About NextEra Energy Partners LP

NextEra Energy Partners LP NextEra Energy Partners, LP acquires, owns, and manages contracted clean energy projects in the United States. It owns a portfolio of contracted renewable generation assets consisting of wind and solar projects, as well as contracted natural gas pipeline assets. NextEra Energy Partners, LP was incorporated in 2014 and is headquartered in Juno Beach, Florida.... NEP Profile

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