On April 13, 2017, NextEra Energy (NEE) stock was trading 1% and 5% above its 50-day and 200-day moving averages, respectively. In the short term, NextEra Energy’s 50-day moving average, at levels around $128, might act as support.
It should be noted that when a stock’s 50-day moving average crosses above its 200-day moving average, it can be considered a bullish sign. When a stock price rises above or falls below a moving average, it’s considered a bullish or bearish sign, respectively.
Relative strength index
The RSI (relative strength index) 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, which could hint at an imminent reversal in the stock.
NextEra Energy’s RSI stands at 58.
Short interest in NextEra Energy fell 3.4% on March 31, 2017. The total shorted shares in the company were 11.2 million on March 15, 2017. They fell to 10.8 million by March 31, 2017. A fall in short interest could mean that fewer investors are expecting the stock to fall in the near term.
Remember, short interest indicates the number of a company’s shares that have been sold short and haven’t been covered. The number also helps track investor sentiment.