NextEra Energy Stock Forecast
NextEra Energy stock price up 0.345% on Thursday
(Updated on Apr 18, 2024)
The NextEra Energy stock price gained 0.345% on the last trading day (Thursday, 18th Apr 2024), rising from $63.79 to $64.01. During the last trading day the stock fluctuated 2.00% from a day low at $63.13 to a day high of $64.39. The price has been going up and down for this period, and there has been a 0.44% gain for the last 2 weeks. Volume fell on the last day by -5 million shares and in total, 10 million shares were bought and sold for approximately $637.99 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.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 14.06% during the next 3 months and, with a 90% probability hold a price between $67.51 and $75.63 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
NEE Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -2.10%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 $63.33 and $60.95. A breakdown below any of these levels will issue sell signals. 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 $63.79 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.26 between high and low, or 2.00%. For the last week the stock has had daily average volatility of 2.54%.
Our recommended stop-loss: $61.42 (-4.04%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (NEE) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect NextEra Energy, Inc to open at $63.84, and during the day (based on 14 day Average True Range), to move between $62.51 and $65.51, which gives a possible trading interval of +/-$1.50 (+/-2.35%) up or down from last closing price. If NextEra Energy, Inc takes out the full calculated possible swing range there will be an estimated 4.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $64.18 (0.27%) than the support at $63.79 (0.34%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
NextEra Energy will release earnings BMO on Tuesday, April 23, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.750. We will update the financials statements for NextEra Energy, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.48% in the first trading day after earnings release.
Is NextEra Energy, Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for NextEra Energy stock to perform well in the short-term.
Current score: 2.395 Buy Candidate Unchanged
Predicted Opening Price for NextEra Energy, Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $63.84 ( 0.260%) | $64.01 |
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 | 65.10 | 1.71 % | |
| R2 | 64.62 | 0.96 % | ||
| R1 | 64.32 | 0.492 % | ||
| Current price: | 64.01 | |||
| Support | S1 | 63.36 | -1.01 % | |
| S2 | 63.06 | -1.48 % | ||
| S3 | 62.58 | -2.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 65.38 | 2.14 % | |
| R2 | 64.86 | 1.33 % | ||
| R1 | 64.18 | 0.266 % | ||
| Current price | 64.01 | |||
| Support | S1 | 63.79 | -0.344% | |
| S2 | 60.08 | -6.14% | ||
| S3 | 59.54 | -6.98% |
NEE Dividend Payout History
| # | 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
Click here for our free guide on how to buy NextEra Energy Stock.
