NextEra Energy (Brazil) Technical Analysis
NEXT34 Stock | BRL 81.07 0.45 4.93% |
As of the 3rd of June, NextEra Energy secures the Mean Deviation of 1.13, risk adjusted performance of 0.297, and Coefficient Of Variation of 215.46. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of NextEra Energy, 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 eighteen technical drivers for NextEra Energy, which can be compared to its peers in the industry. Please verify NextEra Energy variance, maximum drawdown, and the relationship between the coefficient of variation and jensen alpha to decide if NextEra Energy is priced some-what accurately, providing market reflects its recent price of 104.03 per share.
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 NextEraNextEra |
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.
NextEra Energy Technical Analysis
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. 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 volatility. High ATR values indicate high volatility, and low values indicate low volatility.
NextEra Energy Trend Analysis
Use this graph to draw trend lines for NextEra Energy. 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 applied against its price change over selected period. The best fit line has a slop of 0.52 , which means NextEra Energy will continue generating value for investors. It has 122 observation points and a regression sum of squares at 10376.21, 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 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 based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on NextEra Energy price pattern first instead of the macroeconomic environment surrounding NextEra Energy. 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.
NextEra Energy June 3, 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.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | 0.297 | |||
Market Risk Adjusted Performance | 1.59 | |||
Mean Deviation | 1.13 | |||
Downside Deviation | 1.03 | |||
Coefficient Of Variation | 215.46 | |||
Standard Deviation | 1.49 | |||
Variance | 2.21 | |||
Information Ratio | 0.4399 | |||
Jensen Alpha | 0.6684 | |||
Total Risk Alpha | 0.6181 | |||
Sortino Ratio | 0.6329 | |||
Treynor Ratio | 1.58 | |||
Maximum Drawdown | 6.65 | |||
Value At Risk | (1.24) | |||
Potential Upside | 3.39 | |||
Downside Variance | 1.07 | |||
Semi Variance | (0.13) | |||
Expected Short fall | (1.38) | |||
Skewness | 0.7993 | |||
Kurtosis | 0.6951 |
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.
FinTech Suite Use AI to screen and filter profitable investment opportunities | |
Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. |