Based on the recent data and technical analysis, here's the price prediction for NEE for the next trading week:
Technical Analysis
- Current price: $72.83 after a strong 5.20% gain on Friday
- RSI(14) at 55.25 indicates neutral momentum with room for upside
- MACD at -0.85 shows bearish momentum but improving after recent price surge
- Price is currently below both 60-day SMA ($73.90) and 20-day SMA ($70.60), suggesting overall bearish trend but improving
Key Price Levels
- Fibonacci resistance levels: R1: $72.94, R2: $74.86, R3: $77.98
- Fibonacci support levels: S1: $66.70, S2: $64.78, S3: $61.66
- Pivot point: $69.82
Catalysts & News Impact
- Positive partnership announcement with GE Vernova for energy projects across the U.S.
- Strong analyst support with Wells Fargo maintaining Buy rating and Goldman Sachs reiterating Buy with $92 price target
- Company reported strong FY2024 results meeting high end of guidance range
Price Prediction for Next Week
Target Range: $72.50 - $75.00
- Most likely scenario (60% probability): Price consolidates between $72.50-$74.00 as market digests recent gains
- Bullish scenario (30%): Break above $74.86 (R2) could push price toward $77.00
- Bearish scenario (10%): Pullback to $70.60 (20-day SMA) support level
Trading Recommendation: BUY
- Entry point: Current market price ($72.83)
- Stop loss: $70.60 (20-day SMA)
- Take profit: $74.86 (R2)
- Risk/Reward ratio: 1:1.8
The positive partnership news, strong analyst support, and technical breakout above key moving averages suggest further upside potential in the near term.
Based on the recent data and technical analysis, here's the price prediction for NEE for the next trading week:
Technical Analysis
- Current price: $72.83 after a strong 5.20% gain on Friday
- RSI(14) at 55.25 indicates neutral momentum with room for upside
- MACD at -0.85 shows bearish momentum but improving after recent price surge
- Price is currently below both 60-day SMA ($73.90) and 20-day SMA ($70.60), suggesting overall bearish trend but improving
Key Price Levels
- Fibonacci resistance levels: R1: $72.94, R2: $74.86, R3: $77.98
- Fibonacci support levels: S1: $66.70, S2: $64.78, S3: $61.66
- Pivot point: $69.82
Catalysts & News Impact
- Positive partnership announcement with GE Vernova for energy projects across the U.S.
- Strong analyst support with Wells Fargo maintaining Buy rating and Goldman Sachs reiterating Buy with $92 price target
- Company reported strong FY2024 results meeting high end of guidance range
Price Prediction for Next Week
Target Range: $72.50 - $75.00
- Most likely scenario (60% probability): Price consolidates between $72.50-$74.00 as market digests recent gains
- Bullish scenario (30%): Break above $74.86 (R2) could push price toward $77.00
- Bearish scenario (10%): Pullback to $70.60 (20-day SMA) support level
Trading Recommendation: BUY
- Entry point: Current market price ($72.83)
- Stop loss: $70.60 (20-day SMA)
- Take profit: $74.86 (R2)
- Risk/Reward ratio: 1:1.8
The positive partnership news, strong analyst support, and technical breakout above key moving averages suggest further upside potential in the near term.