Score 8.1 (out of 10): NEXTERA ENERGY sets up for +7.1% rally in 3 months

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What’s Going On Here?

NextEra’s energy resources segment aims to drive the decarbonization of the U.S. economy. The company recently unveiled its bold “Real Zero” goal to eliminate carbon emissions from its operations by 2045. These investments would enable the company to generate 100% clean power. This plan will also improve reliability and reduce costs for customers while generating attractive returns for shareholders.

Why Now?

NEXTERA ENERGY has triggered a new price range signal. During similar occasions, NEXTERA ENERGY shares had a median return of +7.1%, over the following 3 months – based on 10 historical occasions with 8 of those showing positive returns (80%). This buy signal for NEXTERA ENERGY received a high score of 8.1 (out of 10). This insight was generated on 2022-August-31 with last price of 85.06.

What’s This Token About?

NEXTERA ENERGY is in the Electric-Integrated business. Based on the last 2 years’ risk/return profile, this asset is seen as Very Risky. Ticker symbol: NEE US.

What’s My Risk / Reward and Time Horizon?

We found 3 months to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 91.11 (+7.1%) has been reached. Based on NEXTERA ENERGY’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 82.86 (last price at 85.06), which is equivalent to a -2.6% decline.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ under (2), etc.

Previous episodes:

5.5% (April-2022), -0.8% (January-2022), 8.7% (September-2021), 9.7% (May-2021), -4.7% (February-2021), 14.9% (November-2020), 0.5% (February-2020), 21.8% (November-2019), 15.8% (December-2018), 4.2% (September-2018).

Historical Chart:

Summary:

NameNEXTERA ENERGY
ViewUp
Star (1 to 10)8.1
Target7.1%
Time3 months
Hit Rate80%

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