Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>NextEra Energy’s stock price (NYSE: NEE) hits a 52-week low at $65.36.</a> </li> 
 <li> <span>2</span> <a>NEE stock price is in a downtrend and fell approximately 9% in August 2023.</a> </li> 
 <li> <span>3</span> <a>NextEra Energy Inc. stock is forming a bearish pattern.</a> </li> 
</ul> 
<p>NextEra Energy Inc., NEE stock price fell 9% (approx.) in August 2023 and formed a bearish pattern. It continues to decline by forming lower lows and eroding a big portion of its market capitalization.&nbsp;</p> 
<p>NextEra Energy stock faced rejection from the 200-day EMA and also dropped below the 50-day EMA. It showcases that the short-term as well as positional trend is in a downward direction.&nbsp;</p> 
<p>At the beginning of June, NEE stock price broke the crucial support of $70.00 which raised concern for its investors. It triggers a panic sell-off and boosts the downside momentum.&nbsp;</p> 
<p>Recently, NextEra Energy Inc. stock formed a Doji candle near $66 which indicates buyers are trying their best to halt the downfall. However, it will be interesting to see whether the buyers are able to push the prices higher or not.&nbsp;</p> 
<p>NEE stock prices had gone far from the EMA so a temporary pull rally is possible. But the reliability of the pullback will remain doubtful.&nbsp;</p> 
<p>NextEra Energy’s stock price closed the previous session at $66.25 with an intraday rise of 0.85%. The market capitalization stands at $134.07 Billion.</p> 
<h2 class="wp-block-heading" id="strong-will-nextera-energy-nee-stock-take-a-u-turn-strong"><strong>Will NextEra Energy – NEE Stock Take a U-Turn?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" loading="lazy" width="1600" height="678" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-172.png" alt="NextEra Energy Stock: NEE Stock Hit 52-Week Low; What’s Next?" class="wp-image-166007" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-172.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-172-300x127.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-172-1024x434.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-172-768x325.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-172-1536x651.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-172-750x318.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-172-1140x483.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   NYSE: NEE daily chart by <a href="https://www.tradingview.com/x/G8DITaGV/" target="_blank" rel="noreferrer noopener">TradingView</a>
  </figcaption>
 </figure>
</div> 
<p>NextEra Energy Inc., NEE stock price is in a correction phase and no reliable signs of recovery are visible. However, the prices have corrected a lot from its recent swing high.&nbsp; So a narrow-range consolidation or a minor pullback rally is possible.&nbsp;</p> 
<p>Till<a href="https://www.thecoinrepublic.com/2023/07/08/nextera-energy-nyse-nee-stock-gets-buy-rating-from-analysts/" target="_blank" rel="noreferrer noopener"> NextEra Energy’s stock price</a> is trading below $70.00 it is expected to remain bearish. Therefore, short-term pullback will face difficulty in holding the higher levels.&nbsp;</p> 
<p>However, if the market sentiment improves and buyers succeed in breaking the $70.00 hurdle. Then a sharp rise toward $76.00 is possible.</p> 
<h3 class="wp-block-heading" id="strong-will-nextera-energy-stock-price-give-follow-up-momentum-strong"><strong>Will NextEra Energy Stock Price Give Follow-up Momentum?</strong></h3>  
<div class="tradingview-widget-container">
  &nbsp;&nbsp;
 <div id="tradingview_97279"></div> &nbsp;&nbsp;
 <div class="tradingview-widget-copyright">
  <a href="https://www.tradingview.com/" rel="noopener nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a>
 </div> &nbsp;&nbsp;
 <script type="text/javascript" src="https://s3.tradingview.com/tv.js"></script> &nbsp;&nbsp;
 <script type="text/javascript">

  new TradingView.widget(

  {

  "width": 950,

  "height": 500,

  "symbol": "NYSE:NEE",

  "interval": "D",

  "timezone": "Etc/UTC",

  "theme": "dark",

  "style": "1",

  "locale": "en",

  "enable_publishing": true,

  "allow_symbol_change": true,

  "studies": [

    "STD;Supertrend"

  ],

  "container_id": "tradingview_97279"

}

  );

  </script> 
</div>  
<p>NextEra Energy stock price forming a bullish hammer candle on a weekly time frame. But it will be interesting to see whether the buyers are able to give the follow-up momentum or not.&nbsp;</p> 
<p>The MACD curve in NEE stock slopes sideways, indicating that bears losing momentum and prices might spend time in consolidation. The RSI at 34 reverses upward from the oversold territory and may reach the neutral zone.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>NextEra Energy Inc., NEE stock price fell 9% in August and broke down the crucial support of $70.00. However, the stock has corrected a lot so narrow-range consolidation or minor pullback is possible. The technical analysis suggests that NextEra Energy’s stock price is in the bear grip and the possibility of taking a U-turn is low.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Technical levels</strong></h5> 
<ul> 
 <li>Resistance levels: $70.84 and $76.60</li> 
 <li>Support levels: $65.00 and $62.00</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

NextEra Energy Stock: NEE Stock Hit 52-Week Low; What’s Next?

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