NEE closes lower for the 4th day in a row

NextEra Energy Inc. (NEE) Technical Analysis Report for May 17, 2018 | by Techniquant Editorial Team


NEE breaks below 100-day moving average
NEE closes lower for the 4th day in a row
NEE breaks below previous session low
NEE falls to lowest close since March 13th


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):

Daily technical analysis candlestick chart for NextEra Energy Inc. (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.

Market Conditions for NEE as at May 17, 2018

Loading Market Conditions for NEE (NextEra Energy Inc.)...
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