What to Expect from NextEra and Dominion in the Future
First, let’s look at NextEra Energy’s (NEE) chart indicators. NextEra Energy stock might continue its bull run. Its 50-day moving average recently crossed its 200-day moving average. The stock seems strong given its fair premium to both its moving average levels. Currently, it’s trading more than 3% and 5% above its 50-day and 200-day moving averages, respectively.
Remember, when a stock price rises above or falls below a moving average, it’s considered a bullish or bearish sign, respectively.
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Relative strength index
Currently, NextEra Energy’s RSI (relative strength index) stands at 50. The RSI is a momentum indicator made up of values between 0 and 100. Movements below 30 are considered to be in the “oversold” zone. Movements above 70 are considered to be in the “overbought” zone and could hint at an imminent reversal in the stock.
Currently, Dominion Resources (D) stock is trading 2% above its 50-day and 200-day moving averages, respectively. The stock might experience short-term support around $75.
Currently, the RSI of Dominion Resources stock is at 56. The stock might remain healthy if it continues to trade above its current moving average levels.
Considering Dominion Resources and NextEra Energy’s chart indicators, NextEra Energy seems to have an edge given the premium to its moving average levels.