NextEra Energy Technical Analysis (NYSE:NEE)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. Just by looking at the NextEra Energy stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the NEE stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for NextEra Energy. Technical analysis uses an approach for NextEra Energy stock analysis that does not care for the fair value of a company but uses price and volume data only.
NextEra Energy Moving Average
Moving averages show the NEE stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $170.18 is below the price of $175.17.
NextEra Energy Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like NextEra Energy. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $175.17 is in the upper range of NextEra Energy bollinger bands.
NextEra Energy Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The NextEra Energy MACD line is below the signal line.
NextEra Energy Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . 90.34 is the RSI value of NEE stock.