NEE closes lower for the 4th day in a row
NextEra Energy (NEE) Technical Analysis Report for May 17, 2018 | by Techniquant Editorial Team
Moving lower for the 4th day in a row, NEE finished Thursday at 156.42 losing $0.75 (-0.48%). Today's closing price of 156.42 marks the lowest close since March 13th. Closing below Wednesday's low at 156.66, the stock confirms its breakout through the previous session's low having traded $0.63 below it intraday.
Daily Candlestick Chart (NEE as at May 17, 2018):
Thursday's trading range was $1.79 (1.14%), that's slightly below last trading month's daily average range of $2.17. Things look different on a weekly scale, where volatility is slightly above the markets average with the monthly volatility being above average.
Prices are trading close to a key support level at 155.58.
While NextEra Energy is currently in a short-term down trend, this might just be a correction, as the medium and long term trends are both positive. The market broke below the 100-day moving average at 156.78 today for the first time since March 6th.