| NEE latest price $56.4600 (2.43%) ($54.9100 - $56.9400) on Wed. Oct. 25, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.3% (three month average) |
RSI | 72 |
Latest Price | $56.4600(2.43%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NEE advances 1.2% a day on average for past five trading days. |
Weekly Trend | NEE advances 2.4% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support NEE advance at 0% a week (0% probability) XLU(97%) PAVE(53%) XLP(96%) MCHI(85%) SPLV(82%) |
Factors Impacting NEE price | NEE will decline at least -1.15% in a week (0% probabilities). USO(-57%) SLV(-61%) OIH(-45%) TBT(-37%) XLE(-29%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -1.15% (StdDev 2.3%) |
Hourly BBV | 1.3 () |
Intraday Trend | 1.5% |
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