NEE closes lower for the 4th day in a row

Technical Analysis Report for NEE - May 17, 2018 [< 1 min read]
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
TQ Sentiment
Technical Forecast:

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 chart for NEE

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.


While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bearish.

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Bearish Break through SMA 100 TQ Pro Members Only
Closed below last periods low TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
4 Consecutive Lower Closes TQ Pro Members Only
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Latest Report:

NEE finds buyers again around 159.38

May 23, 2018
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Find out what happened when NextEra Energy traded like this in the past. See the odds for each technical pattern with expected gain and loss.


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