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NextEra Energy, Inc. 7.299% CorporateNN

NextEra Energy, Inc. 7.299% Corporate

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NEE/PS trade ideas

Defensive Sector with Growth PotentialSupporting Arguments Current Market Uncertainty Sustains Demand for the Defensive Sector. NEE represents the defensive utility sector. Given the current political and economic uncertainty in the market, there could be an additional catalyst for the company's stock price growth. Demand for Green Energy from the IT Sector. More than 80% of the company's portfolio consists of renewable energy sources (RES). Demand from data centers in the IT sector may allow the company to outperform competitors. Attractive Valuation Levels and Technical Outlook Investment Thesis NextEra Energy (NEE) has strong long-term growth prospects due to the increasing demand for RES and the electrification of various sectors. Their integrated business model, combining the regulated utility business FPL and the competitive renewable energy business NEER, ensures both stability and growth opportunities. NEE's leadership in RES production, along with investments in battery energy storage and gas infrastructure, allows the company to benefit from the growing demand for clean energy solutions. Current Market Uncertainty Could Drive Stock Price Growth. Tariffs imposed by the administration on imports and their potential impact on the U.S. economy remain in investors' focus. The market has responded to high uncertainty with a significant correction in overheated sectors, and pressure may persist for some time. As a representative of the utility sector, NEE benefits from uncertainty and may continue its growth. Demand for Green Energy from the IT Sector. The largest public companies continue to increase capital expenditures on AI infrastructure to stay competitive. A key component of such infrastructure is data centers, which consume large amounts of energy and contribute to increased environmental pollution. As a result, data center owners create strong demand for companies that provide access to RES. More than 80% of the company’s portfolio consists of renewable energy sources. Already, the company’s annual profit growth rate is twice as high as that of its competitors. Attractive Valuation Levels and Technical Outlook. The company's stock is trading at the 200-day moving average and recently rebounded from the resistance line at the 50-day moving average, which could serve as a strong catalyst for movement toward the previous peak of $84.8. Based on the forward PEG ratio, the company is trading at about the same level as companies engaged in traditional energy sources for household supply, while maintaining profitability 5-15% higher than competitors. Based on the forward P/E ratio, the company appears cheaper than its closest direct competitors (18x vs. 20.5x). Our target price is $82, with a "Buy" recommendation. We recommend setting a stop-loss at $64
NLong
by FreedomHolding
LNG on NEE with proper STP LOSS placementThe Setup The Long-term(M) chart is in an downtrend The current-term(W) chart is in new formed uptrend The small-term(D) chart used to ENTER and EXIT The odd Enhancers - the ENTER was in the DZ (demand zone) of the (W) chart Higher Low uptrend. - tight STP loss - if the DZ holds there is room for profit to run The trade followed all the rules the ENTER and the EXIT or STP-Loss is calculated with a good Reward to Loss ratio. The DZ did not hold on a bearish day and a close in the (D) day chart below the DZ, triggered my STP LOSS I See the long-term(M) monthly chart is already in a technical downtrend. the Weekly Chart (W) did not break the (M) downtrend. By breaking the Demand zone, the Weekly chart is technically in a downtrend. Looking for opportunities to short
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by greatful-me
Nextera Energy(Extended Hours) | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Nextera Energy(Extended Hours) - Double Formation * ((Wedge Structure)) | Completed Survey * 012345 | Wave Count | Entry Bias | Subdivision 1 - Triple Formation * 88.50 USD | Area Of Value | Subdivision 2 * Numbered Retracement | Subdivision 3 * Daily Time Frame | Behavioural Settings Condition Active Sessions On Relevant Range & Elemented Probabilities; European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
CAPITALCOM:NEE
by TradePolitics
NYSE:NEE - ELLIOTT WAVE ANALYSIS: 22 NOV, 2024©Master of Elliott Wave: Hua (Shane) Cuong, CEWA-M. Since the low at 47.15, I see a Five-waves push higher labeled 1-grey to 5-grey. Basically the 4-grey wave may have ended at 72.69 and the 5-grey wave is unfolding to push higher. While price must remain above 72.69 to maintain this view. Alternate Wave Count: Shows the 4-grey wave is longer than expected, but the low at 72.69 is still very important that price must remain above.
NLong
by ShaneHua
NextEra Energy (NEE) – Ascending Channel Near Key ResistanceNextEra Energy - NYSE:NEE - is trading in a strong ascending channel with rising lows, converging toward a key resistance around $91.50 . The stock is well above all moving averages, signaling bullish momentum. With an upcoming earnings report , NEE could break through to a new 2-year high, especially considering its potential benefit from the ongoing AI boom. However, the RSI is running hot , so it’s crucial to keep an eye on the bottom channel support line for signs of weakness. A break below could signal a retracement, but for now, the setup looks strong for continued upside. Do you think NEE can sustain this momentum, or is it at risk of overheating?
NLong
by elka_graph
Time to Catch the Falling Knife or Brace for a Breakdown.NextEra Energy, Inc. (NYSE: NEE) has recently displayed significant bearish sentiment, as indicated by the recent price action and technical indicators. With the stock trading at $70.44, down 2.59% at the close, and hovering just above a pre-market price of $70.85, it faces crucial support and resistance levels. This analysis will delve into the technical aspects, moving averages, oscillators, and key financials to forecast the potential price trajectory of NEE in the near term. Additionally, the current economic backdrop, including energy market dynamics and company-specific news, will be incorporated to form a comprehensive outlook. The recent candlestick pattern shows a significant bearish engulfing pattern, indicating strong selling pressure. This pattern is reinforced by the high trading volume of 29.17 million shares, surpassing the average volume of 11.61 million. The sharp decline from the recent high of around $85 in early May to the current levels highlights a possible trend reversal or at least a deep correction phase. Immediate Support: $70.44 (Current Price Level) - Holding this level is crucial to avoid further declines. Critical Support: $67.99 (Exponential Moving Average 100) - A break below this level could see the price testing $66.38 (Exponential Moving Average 200) or even the next Fibonacci support at $62.01. Resistance: The stock needs to overcome resistance at $75.74 (Pivot Point) to resume an upward trend. Further resistance lies at $80.99 (Fibonacci R1), aligning with historical highs and psychological barriers. All significant moving averages, including the EMA (10, 20, 50) and SMA (10, 20, 50), are currently signaling a 'Sell.' The EMA (200) at $66.38 serves as a long-term support level, which, if breached, could trigger a deeper sell-off. RSI (14): Currently at 38.27, indicating the stock is nearing oversold conditions but not quite there yet. Stochastic %K (14, 3, 3): At 13.70, it suggests a near-term oversold scenario, potentially hinting at a short-term bounce. MACD: Negative at -0.10 with a bearish crossover, reinforcing the downward momentum. Momentum (10): At -6.71, suggesting continued bearish pressure. S1: $71.02 - A critical support level to watch for short-term movements. R1: $80.99 - A key resistance level if a rebound occurs. P: $75.74 - The pivot point that must be reclaimed for any bullish sentiment to take hold. Revenue and Earnings: The recent earnings report shows fluctuating revenue with a mixed net income trend. Despite the dip, NextEra maintains a substantial market cap of $144.72 billion and a reasonable P/E ratio of 19.70, indicating a potentially undervalued stock given its earnings capacity. Dividends: With a yield of 2.92%, the stock provides a decent income for investors, but the payout ratio at 52.25% suggests limited room for growth in dividends. Cash Flow: A noticeable volatility in free cash flow, with significant outflows in Q4 '22 and Q1 '23, followed by recoveries in subsequent quarters, reflects the company's investment activities and operational adjustments. Recent News and Market Sentiment: Recent news impacting NextEra includes concerns over regulatory changes in the energy sector, rising interest rates affecting utilities' borrowing costs, and general market volatility in the wake of fluctuating energy prices. These factors contribute to the heightened bearish sentiment around the stock. Long Position: Entry Point: If the stock sustains above the $70.44 support level and shows signs of reversal, consider initiating a long position. Target: Aim for an initial target of $75.74 (Pivot Point), with a secondary target at $80.99 (Fibonacci R1). Stop Loss: Set a stop loss at $67.99 (EMA 100) to limit downside risk. Short Position: Entry Point: If the stock fails to hold above $70.44 and breaks below $67.99, consider shorting. Target: Look for a move down to $62.01 (Fibonacci S2), with a potential extension to $58.90 (Woodie S3). Stop Loss: Place a stop loss at $75.74 (Pivot Point) to protect against an unexpected reversal. Speculative Price Target: Given the current bearish momentum, a speculative downside target could be $62.01, aligned with the Fibonacci S2 support. On the upside, if bullish sentiment returns and the stock reclaims its moving averages, a rebound to $84.75 (Classic R1) is possible, though it would require a significant shift in market dynamics and sentiment. NextEra Energy, Inc. is at a critical juncture, with its stock teetering on significant support levels amidst bearish indicators and broader market uncertainties. Traders should brace for potential volatility and consider both long and short strategies with defined entry and exit points. Keep an eye on market news and economic developments that could impact the energy sector's outlook.
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by AxiomEx