Nextera Energy Partners Stock Technical Analysis

NEP Stock  USD 27.14  0.07  0.26%   
As of the 19th of April, Nextera Energy secures the Risk Adjusted Performance of 0.0165, downside deviation of 2.44, and Mean Deviation of 2.05. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Nextera Energy Partners, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to analyze and collect data for nineteen technical drivers for Nextera Energy, which can be compared to its peers in the industry. Please verify Nextera Energy Partners coefficient of variation, as well as the relationship between the treynor ratio and semi variance to decide if Nextera Energy Partners is priced some-what accurately, providing market reflects its recent price of 27.14 per share. Given that Nextera Energy Partners has jensen alpha of (0.11), we recommend you to check Nextera Energy's last-minute market performance to make sure the company can sustain itself at a future point.

Nextera Energy Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Nextera, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Nextera
  
Nextera Energy's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Nextera Energy Analyst Consensus

Target PriceAdvice# of Analysts
43.2Buy19Odds
Nextera Energy Partners current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Nextera analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Nextera stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Nextera Energy Partners, talking to its executives and customers, or listening to Nextera conference calls.
Nextera Analyst Advice Details
Nextera Energy technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Nextera Energy technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Nextera Energy trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Nextera Energy Partners Technical Analysis

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Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Nextera Energy Partners volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Nextera Energy Partners Trend Analysis

Use this graph to draw trend lines for Nextera Energy Partners. You can use it to identify possible trend reversals for Nextera Energy as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Nextera Energy price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Nextera Energy Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Nextera Energy Partners applied against its price change over selected period. The best fit line has a slop of   0.0012  , which may imply that the returns on investment in Nextera Energy Partners will continue to fail. It has 122 observation points and a regression sum of squares at 0.05, which is the sum of squared deviations for the predicted Nextera Energy price change compared to its average price change.

About Nextera Energy Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Nextera Energy Partners on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Nextera Energy Partners based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Nextera Energy Partners price pattern first instead of the macroeconomic environment surrounding Nextera Energy Partners. By analyzing Nextera Energy's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Nextera Energy's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Nextera Energy specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2024 (projected)
Dividend Yield0.0950.110.25
Price To Sales Ratio6.644.912.94

Nextera Energy April 19, 2024 Technical Indicators

Most technical analysis of Nextera help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Nextera from various momentum indicators to cycle indicators. When you analyze Nextera charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Nextera Energy April 19, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Nextera stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
When determining whether Nextera Energy Partners is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Nextera Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Nextera Energy Partners Stock. Highlighted below are key reports to facilitate an investment decision about Nextera Energy Partners Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nextera Energy Partners. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
To learn how to invest in Nextera Stock, please use our How to Invest in Nextera Energy guide.
Note that the Nextera Energy Partners information on this page should be used as a complementary analysis to other Nextera Energy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

Complementary Tools for Nextera Stock analysis

When running Nextera Energy's price analysis, check to measure Nextera Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nextera Energy is operating at the current time. Most of Nextera Energy's value examination focuses on studying past and present price action to predict the probability of Nextera Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nextera Energy's price. Additionally, you may evaluate how the addition of Nextera Energy to your portfolios can decrease your overall portfolio volatility.
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Is Nextera Energy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nextera Energy. If investors know Nextera will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nextera Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
2.051
Dividend Share
3.444
Earnings Share
0.34
Revenue Per Share
11.769
Quarterly Revenue Growth
(0.13)
The market value of Nextera Energy Partners is measured differently than its book value, which is the value of Nextera that is recorded on the company's balance sheet. Investors also form their own opinion of Nextera Energy's value that differs from its market value or its book value, called intrinsic value, which is Nextera Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nextera Energy's market value can be influenced by many factors that don't directly affect Nextera Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nextera Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nextera Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nextera Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.