NextEra stock: buy or sell

NEE stock price: $77.97 -3.18% At close on Apr 21st, 2021

Updated on:
Apr 22nd, 2021

2

NextEra stock brief

  • NextEra closed on Wednesday at $77.97 after sinking a -3.18%.
  • On Wednesday, NextEra made public its Q1 earnings report
  • Looking at the chart, price is drawing an scaled downtrend since last January with lower tops and lower bottoms. this downtrend marked a -10.62% loss.
  • Morgan Stanley posted a hold rating for NextEra on Tuesday, forecasting $72.00
  • NextEra Energy, Inc., through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America.

Should I buy NextEra stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $NEE stock a buy?

In the current situation of NextEra there is not any eligible buy setup. This doesn't mean $NEE will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell NextEra stock?

Do you know when is it time to sell NextEra stock?. Just as when we have to buy shares, determining when is appropiate to sell is not a capricious decision, and we must follow our own trading strategy. Our trading system selects very simple setups to guide us on when is the best time to sell a stock. Be aware that these setups are not intended for selling short $NEE stock

A golden rule is that you should never keep a trade that shows a greater losses than those expected at the time of purchase. The moment to sell your stock must always be ruled by the stop-loss (automatic or manual)

Is it time to sell NextEra stock?

In the current situation of NextEra there is not any eligible sell setup, so NextEra stock holders with operations in green can keep their positions

NextEra ratings

In the last month, 3 ratings were published for NextEra

NextEra analysts' ratings - Last 30 days
Brokerage firmRating
Apr 13th, 2021
Barclays
Apr 19th, 2021
Barclays
Apr 20th, 2021
Morgan Stanley

NextEra stock analysis

NextEra accumulates a selloff of -10.62% since its latest top last January at $87.23. The stock drew 2 consecutive lower tops.

SMAs overview

NEE stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $81.41 (4.41% above)
  • R2: $82.52 (5.84% above)
  • R3: $87.23 (11.88% above)
  • The current supports are:

  • S1: $76.26 (-2.19% below)
  • S2: $74.09 (-4.98% below)
  • S3: $71.78 (-7.94% below)
  • Bollinger bands

    NEE stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 last Monday after just crossing to the overbough zone for 1 day (weak signal). The RSI value on Wednesday was 52.71

    NEE stock RSI chart

    NextEra stock price history

    NextEra started trading on Feb 21st, 1973 priced at $0.00 per share1. Since then, NEE stock has risen by -, with an average of 0.00% per year. If you had invested thousand dollars in NextEra stock on Feb 1973, it would worth $inf today.

    1: Adjusted price after possible price splits or reverse-splits

    NEE stock price history chart

    Price target for NextEra stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price forecasts are issued every day by banks, financial institutions and independent analysts.

    The following table shows the price target published by analysts in the last 30 days. If you are a small trader you should not trade based on these predictions.

    The average price target for NextEra stock calculated from the table below is $78.67. NextEra closed at $77.97 on Wednesday, so the target price is expecting a growth by 0.90%.

    NextEra stock price predictions
    Brokerage firmPrice target
    Apr 13th, 2021
    Barclays $78.00$82.00
    Apr 19th, 2021
    Barclays $78.00$82.00
    Apr 20th, 2021
    Morgan Stanley $66.00$72.00

    Earnings and financials

    On Wednesday, NextEra ($NEE) hosted the earnings event and presented the report. NextEra posted earnings of $0.67 per share on sales of $3.7 billion. The analysts estimate was $0.59 per share on revenue of $4.9 billion.

    Compared to the same quarter last year, EPS was $0.60, so reported EPS means a improvement of 11.67%. Looking at revenue, figures merely changed compared to $45.9B same quarter 12 months ago.

    NextEra ($NEE) will host the quarterly earnings call next July.

    NextEra performance

    NEE performance compared
    Company1m3m6m
    NextEra ($NEE) 8.90% -7.00% 4.60%

    Important:
    The comments contained in this article are personal and should not be followed as recommendations for you to buy or sell shares. The author of this article does not have any knowledge of the individual positions of the reader, his or her finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are posted for learning purposes only

    NextEra summary

    Wednesday, April 21st, 2021
    Open$80.88
    Close$77.97
    Day range$77.69 - $81.18
    Previous close$80.53
    Session gain-3.18%
    Average true range$1.56
    50d mov avg$76.22
    100d mov avg$76.95
    200d mov avg$73.84
    Earnings dateJuly 23rd, 2021

    Frequently asked questions

    What is NextEra stock symbol?

    NextEra Energy, Inc. is a public company trading in the US stock market with the NEE symbol

    Is NextEra stock a buy or sell?

    NextEra received 3 ratings in the last 30 days: 0 bullish, 0 bearish and 0 neutral.

    Will NEE go up?

    NextEra had different price forecasts posted by market analysts in the last 30 days forecasting the target price to $78.67. That is a 0.90% than the current price ($77.97).