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NextEra Energy, Inc.

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NEE trade ideas

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?
NYSE:NEELong
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.
NYSE:NEE
by AxiomEx
NEE - Increased probability loss of valueInterpretation: Previously disorganized Fibo clouds have gradually aligned themselves generating resistance against the evolution of the candles. The compacting of fibo clouds from different timeframes signals direction and strength towards the first target to be reached Reaching the first target makes it necessary to move the stop loss to the position where the entry was made. The purpose of this action is to protect the result that has been achieved and to ensure that the final target is reached with a reduced risk of losses on the trade. The use of risk management, an integral part of this method, has been fundamental in achieving planned results. Risk Return Ratio 3
NYSE:NEEShort
by EthosInvest
NextEra Energy Surges NextEra Energy ( NYSE:NEE ), the leading renewable energy generator in the United States, has reported a fourth-quarter profit that surpassed Wall Street expectations. The company's impressive performance is attributed to the decline in natural gas prices, boosting its regulated utilities business. This development positions NextEra ( NYSE:NEE ) as a standout player in the evolving energy landscape, showcasing resilience and adaptability. Lower Natural Gas Prices Drive Profitability: NextEra's fourth-quarter success is largely credited to a 14% decrease in natural gas prices quarter-over-quarter. As a major producer of renewable energy, the company's reliance on natural gas for electricity generation has proven advantageous amid declining prices. This strategic position has fortified its regulated utilities business, contributing to a profit beat that exceeded analysts' estimates. Florida Power & Light Shines: The regulated utilities arm of NextEra, Florida Power & Light, experienced notable growth, increasing its average customer base by nearly 81,000 compared to the same quarter in 2022. Despite a 1.8% dip in retail sales due to weather-related challenges, the company's ability to expand its customer base is a testament to its resilience and customer-centric approach. Challenges and Opportunities in Clean Energy: NextEra Energy Resources, the clean energy unit of the company, faced headwinds in adjusted earnings per share, primarily due to higher-interest-rate expenses and lower wind generation from existing assets. However, CEO John Ketchum remains optimistic, highlighting the addition of 9,000 MW of new renewables and battery storage projects in 2023, marking a record-breaking year for originations. The company's commitment to sustainability is underscored by its plans to re-power an additional 245 MW of wind facilities, solidifying its position as a leader in clean energy solutions. Financial Strength and Outlook: NextEra's financial performance in the fourth quarter outpaced analyst forecasts, reporting revenue of $6.87 billion compared to the predicted $5.698 billion. The company's resilience in the face of challenges underscores its financial strength and strategic positioning. NextEra maintained its adjusted earnings-per-share outlook for 2024, projecting a range between $3.23 and $3.43, signaling confidence in its continued success. Conclusion: NextEra Energy's robust fourth-quarter performance reflects its ability to navigate market dynamics successfully. The company's strategic focus on renewable energy, coupled with astute management of natural gas dynamics, positions it as a key player in the evolving energy sector. As NextEra continues to expand its clean energy portfolio and demonstrate financial resilience, investors and industry observers are likely to keep a close eye on this trailblazing energy giant.
NYSE:NEELong
by DEXWireNews
More Downside in NextEra?NextEra Energy fell sharply in late September as higher interest rates impacted the value of its wind and solar farms. Now after a bounce, momentum bears may look for a retest of recent lows. The first pattern on today’s chart is the selloff that began on September 27 after its NextEra Energy Partners (NEP) limited partnership cut its long-term growth forecast. The drop represented a break of support around $67 that had been in place since late 2020. NEE started bouncing on October 6, but is now stalling below a 50 percent retracement of the bearish thrust. That could suggest continuation to the downside is coming. Third, consider the tight price action around $54 since last Friday. That may create the potential for prices to start moving again if the utility stock breaks the range. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NYSE:NEE
by TradeStation
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