NEXTERA EGY PTR Technical Analysis (NYSE:NEP)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The NEP stock chart pattern can give those who understand technical analysis an indication of which way NEP stock is headed, but cannot predict with 100% certainty as to what can happen to the NEXTERA EGY PTR stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for NEXTERA EGY PTR. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of NEXTERA EGY PTR stock analysis.
NEXTERA EGY PTR Moving Average
Moving averages show the average price of NEP stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $44.1 is below the last closing price of $44.98 and the 50 day moving average of $42.72 is below the last closing price of $44.98. The 10 and 20 day periods can predict short term moving average trends.
NEXTERA EGY PTR Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the NEP stock. The stock price is trading between the average and the upper band in the context of NEXTERA EGY PTR bollinger bands.
NEXTERA EGY PTR 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 EGY PTR MACD line is below the signal line.
NEXTERA EGY PTR Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of NEP stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.