NextEra stock: buy or sell

NEE stock price: $82.04 -0.59% At close on Jan 15th, 2021

Updated on:
Jan 16th, 2021

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NextEra stock brief

  • NextEra just changed a -0.59% after marking new highs on Friday
  • Bank of America posted a strong buy rating for NextEra on Friday, forecasting $81.00
  • NextEra Energy, Inc., through its subsidiaries, generates, transmits, and distributes electric power 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 just one buy setup eligible:

ATH buy setup

One of the most recommended trading strategies is to buy on All-time Highs (ATH) breakouts. The good point of buying at ATHs is that price doesn't have upper resistances, and usually it scales rapidly. However, there's the risk of a bulls trap that may trigger your buy order and then drops sharply. That's why a stop loss is always important. Price is now at 1.49% of all-time highs and it can breakout at any time, so if you want to trade this setup it's recommended to setup your order at $83.26. The stop loss would be set at $74.93

Buy setupBuy pointStop lossRisk
ATH buy setup$83.26$74.9310.00%

Should I sell NextEra stock?

When is it time to sell NextEra stock?. Trading strategies allow us to avoid rash decisions based on our sentiments or the noise that surrounds the market. When selling, as well as buying, our strategies are very easy to use and are only applicable for selling shares you already own, not for selling short NextEra stock

As a golden rule, you must never keep a trading operation that shows a losses greater than those expected upon purchase. The timing to sell your stock must always be dictated by the stop-loss (automatic or manual)

Is it time to sell NextEra stock?

Currently, NextEra stock doesn't match any of our preferred sell setups, so if you hold NextEra shares and your operation is in profit probably is not time to sell now

NextEra ratings

In the last month, 4 ratings were published for NextEra

NextEra analysts' ratings - Last month
Brokerage firmRating
Jan 6th, 2021
Credit Suisse Group Neutral
Jan 11th, 2021
Mizuho Strong buy
Jan 12th, 2021
Morgan Stanley
Jan 15th, 2021
Bank of America Strong buy

NextEra stock analysis

$NEE at All-time Highs

On Friday, NextEra marked all-time highs (ATH) again at $83.26. Previous highs were last November

SMAs overview

NEE stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $82.95 (1.11% above)
  • The current support levels are:

  • S1: $76.66 (-6.56% below)
  • S2: $74.48 (-9.22% below)
  • S3: $72.16 (-12.04% below)
  • Bollinger bands

    Since the price surpassed the upper band on Thursday, the price corrected downwards by 0.85%. The price is moving very close to the upper Bollinger band, poiting some level of overbought in recent sessions. This is not a bearish indicator, as price can trade in these levels for many days and weeks

    NEE stock Bollinger Bands chart

    Relative strength index

    After breaking out the line of 70 yesterday, fell back below with a reading of 67.61. This is a weak signal for the NextEra shares and it should put us on alert of weakness in the price action

    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. An investment of $1,000USD at that time would worth $inf nowadays.

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

    NEE stock price history chart

    Price target for NextEra stock

    Nobody knows how much a stock will be priced in the future. However, many stock price predictions are published every day by banks, financial institutions and independent analysts.

    The following table shows the price forecasts posted by brokerage institutions over the last 30 days. If you are a small investor you shouldn't invest based on these predictions.

    There are 4 price forecasts issued for NextEra that average $82.25. That is a 0.26% than the current price ($82.04).

    NextEra stock price predictions
    Brokerage firmPrice target
    Jan 6th, 2021
    Credit Suisse Group $76.00$77.00
    Jan 11th, 2021
    Mizuho $64.00$90.00
    Jan 12th, 2021
    Morgan Stanley $65.00$81.00
    Jan 15th, 2021
    Bank of America $81.00

    Earnings and financials

    Last October, NextEra Energy, Inc. ($NEE) posted adjusted EPS for that matched Market expectations. Quarterly EPS was $2.66 per share compared to the forecasted $2.58. Forecasted revenue for this quarter was $5.5 billion but NextEra lowered by 12.36%, posting $4.8 billion.

    This compares to Earnings of $0.60 per share same quarter last year, so current EPS is an increase of 343.33%. Looking at revenues, figures dropped a -14.12% compared to $55.7B year over year.

    NextEra ($NEE) will host the Q4 earnings call next Friday. Wall Street predicts of $0.36, compared to Q3 that made $2.66.

    NextEra performance

    NEE performance compared
    Company1m3m6m
    NextEra ($NEE) 9.10% 10.10% 20.30%

    Disclaimer:
    The comments expressed in this article are personal and not recommendations for you to buy or sell stocks. The author of this paper does not have an understanding of the particular circumstances of the reader, his or her own finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are published for learning motives only

    NextEra summary

    Friday, January 15th, 2021
    Open$82.44
    Close$82.04
    Day range$81.95 - $83.26
    Previous close$82.53
    Session gain-0.59%
    Average true range$2.78
    50d mov avg$75.61
    100d mov avg$73.71
    200d mov avg$67.83
    Earnings dateJanuary 22nd, 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 4 ratings in the last 30 days: 2 bullish, 0 bearish and 1 neutral.

    Will NEE go up?

    NextEra had different price predictions published by analysts in the last 30 days forecasting the target price to $82.25. That is a 0.26% than the last price ($82.04).