Continuation of an idea.
The company belongs to the "defensive" sector of utilities, which is resilient to a slowing economy.
With the Fed set to begin easing the MPC, I believe the backdrop will become more favorable.
tp1 61
tp2 69
Interpretation:
Previously disorganized Fibo clouds have gradually aligned themselves generating resistance against the evolution of the candles. The compacting of fibo clouds from different timeframes signals direction and strength towards the first target to be reached
Reaching the first target makes it necessary to move the stop loss to the position where the...
Energy stocks will shine even more than they have done it at the present, but more work must be done.
Therefore, I expect a retest to 48$.
My target is that we could see 30 or even 25$ once 48$ is taken out.
To sum up: Watching at 48$. If it doesn´t hold I will start buying at 30$
Re-posting recent idea on NEE. Short-term troubles from round-top could put NEE in the $60s for a while ($55 support). Great long-term investment after that as we get back to the 40-year trend.
NextEra Energy ( NYSE:NEE ), the leading renewable energy generator in the United States, has reported a fourth-quarter profit that surpassed Wall Street expectations. The company's impressive performance is attributed to the decline in natural gas prices, boosting its regulated utilities business. This development positions NextEra ( NYSE:NEE ) as a standout...
Against the background of strong growth of UST yields, the protective assets with low beta and high dividend yields were under strong pressure. Usually at such a strong separation of this sector from the average there is a rapid recovery. The yield of UST stabilized the recovery started.
tp1 67
tp2 76
NextEra Energy fell sharply in late September as higher interest rates impacted the value of its wind and solar farms. Now after a bounce, momentum bears may look for a retest of recent lows.
The first pattern on today’s chart is the selloff that began on September 27 after its NextEra Energy Partners (NEP) limited partnership cut its long-term growth forecast....
Deep fall from a triangle pattern.
Appears to have hit close to the 1.618 and is trying to recover.
If this is far as it falls, this M could be called a Crab. Some would wait for 2 positive closes.
The M is better seen on weekly.
No recommendation
rising cycle 33.22% in 9 days.
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This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving averages) and estimate the trend in the next 10 days. The white line is the robot's...
NYSE:NEE has been rising since 2008. But it struggles to keep up the trend. If we loose the support area we may see another 20% percent down to the next big support trend that is coming from 2017. Bulls needs to show up for this beast.
Disclaimer – WhaleGambit. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a...
Since 1986, NEE has had a very stable long-term resistance line. In 2019, we broke bullish above this line and have enjoyed "renewable energy euphoria" since then.
However, we have:
(1) VERY CLEAN symmetric round topping going on
(2) We are re-testing and BREAKING BELOW the long-term resistance line. Perhaps we will re-test and call it support
(3) Since...
Price is good. Fundamentally the market is what it is right now but this stock is at a buying opportunity. You can wait to see it confirm more or buy right away going into the holiday weekend(Labor Day). This company is a major energy company in the southeast(FPL), and after hurricanes usually does well by the way, which is just one point though. It's at a squeeze...
The PEAD projected a bullish outlook for NYSE:NEE after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 57.14%.
Utilities looking good now, probably a good idea to have some defensive exposure, now is a good time to get some of it with NYSE:NEE here.
Mega cap tech is over extended and although rates likely peaked and we see inflation come down, it will come down for the wrong reasons as we enter a recession most likely, so I'd try to be cautious with cyclical risk.
Best...
NYSE:NEE reports this week. We can see some relatively dramatic price movements after earnings releases over the past couple of years. NEE and NEP missed on revenue last quarter, but were within EPS estimates. There is an underlying concern for the fallout from their campaign donation violation and sustained higher rates are not good for their growth model....
