Short NEEUtilities have topped. D, XEL, AWK and PNW also look attractive. NYSE:PNW NYSE:NEE
NYSE:D NASDAQ:XEL NYSE:AWK
4NEE trade ideas
NEE Long term demandNextera Energy has created a long term range. This one to keep on the watchlist as it can create a great opportunity is price settles on the lower range offering a great risk to reward trade location.
What I like about the stock:
Earnings has been consistent
Nextera Energy has raised the dividend payment 10%
Media has boasted the company with positive reviews.
Do your own research, I see this one as a gem in the future.
stdev retracesmean reversion tactics. i got in at the beginning of the month.. we are on our way to take profit
Short xlu as a hedge Best one I’ve found so far for a short hedge is utilities
Using this one as a surrogate for XLU
Chart looks imbalanced if market comes down this should fall hard if not I can’t see it outperforming
GRI 2023
$NEE - Half decent entry pointDue to today's pump, entering today is not that nice, so i'd wait a little bit for the next pullback and buy this one.
NEE: complex pattern, but upside potential likelyA complex pattern seems to be unfolding. Such a complex pattern is usually a symmetrical triangle pattern (see the insert).
Such a pattern is highlighted by the red A, B, C, D and E price paths on the chart itself.
The ideal entry range is close to wave E.
Stop-loss price is set around 68.
Target 1 price is set at 101.
Target 2 price is set at 120.
$NEE with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $NEE after a Negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 50%.
$NEE with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $NEE after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 72.73%.
Nextera Range Bounded traders haven buy low sell high Ongoing sideways range is evident since 2021.
This is perfect for mean reversion traders who buy high and sell low within the range.
The previous trend was up, so we can anticipate the price will bounce up from here and break above eventually.
The American markets are also aiming up, so bullish bias is starting to lurk.
Double TopPossible M pattern following a Bearish Butterfly.
Earnings 10-19ish BMO but sites conflict on the date.
No recommendation.
Marubozu candle today/bearish/both ends shaven
NextEra Energy Left its sparks behind. NEEA beginning of a third leg in this flat formation. Early days, as nil confirmation yet, having said that the wave morphology is already highly suggestive of the early throes of an impulse. Volatility flipped not too long ago on the daily as well.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
$NEE Potential Bearish Reversal on the Quarterly Chart$NEE is showing a potential 2-2 reversal on the quarterly chart with a very high risk to reward ratio.
$NEE with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $NEE after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 70%.
NEE trading IdeaClosley watching NEE . Breakdown of the triangle , bounced from the support and now retesting the breakdown. Risk reward is awesome ngl
Nextera Energy: Ichimoku's three bullish golden cross inforceNextera's upside is ongoing after prices has been sustaining above the kumo, thus confirming the three bullish golden cross formation. Ascending triangle is also hinting of a potential break.
Next Era Bounce LongNextEra is on a crucual support of December 2020 and with increasing energy demand, a weekly bullish setup can be played. Initiate Bull PE spread i.e. sell 17 June 70 PE at opening price on Jun 14 and buy 6.5 PE of the same expiry. Net credit. Square off on expiry and enjoy the credit. SL 64 - 74.
breaking trend support ☃ bears hold control if we cant climb back above trend support, next targets to downside are 71.23-66.11-61
NEE - NextEra of ⬇️ Price ActionREMAINING REASONS TO BE BULLISH
Green energy & ESG projects are still top of mind for many investors
We still remain above the 100 week moving average and in the green channel
“Only” trading 26x above earnings
Growing earnings at 8% a year
Paying a modest dividend of ~2%
Not much else I’m afraid…
WHY I’M BEARISH
The weekly RSI has just entered the bull zone
We’re perilously close to crossing below the 100 week moving average and on a declining trajectory
Very much overdue a correction
A normal P/E ratio would be in 15-18 ratio. This would price it back in the $30s.
Much better value stocks in the energy sector, paying much higher dividends.
NEE have traditionally paid as high as 4% yield going back to the early 2000’s, the decline to 1.6% in December 2021 may yet be “beaten” with an even lower yield this time out. This will likely turn away many savvy investors looking for underpriced value.
WHAT I’M DOING
Definitely NOT buying this stock, not even 30% off all-time highs
Will be wanting for the trigger to confirm in order to enter short in the coming days
First target would be $35, with a terminal target of $18 to come back and retest an important level. This would also coincide with the 0.618 fib off the entire 40 year move.
Short scalp NEEBased on its downtrend, regress off resistance and a familiar chart pattern confirmed by my technical indicators, I expect at least half a percent in profits IF NEE breaches today's low of $70.26 during tomorrow's session.
$NEE with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $NEE after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 33.33%.
