NextEra Energy (NEE) Continues Potential Downside Towards 56.17

NextEra Energy, Inc. (NEE) operates in the Utility sector, generating and distributing electricity to retail and wholesale customers in North America. Its energy portfolio includes wind, solar, nuclear, and natural gas, emphasizing clean energy solutions. The company is listed on NYSE with the ticker “NEE.”

NEE - Elliott Wave Latest Weekly View: 

Based on Elliott Wave article from 2.24.2025, NEE ended its ((X)) at $76.29 in the extreme area& resumed lower in ((Y)), breaking below ((W)) low. This signals weakness towards $56.17 or lower. In the weekly chart, it ended ((I)) at $93.73 in December-2021, followed by a double three ((II)) correction ending at $47.15 in October-2023. The recent I impulse concluded at $86.10 in September-2024. Current analysis favors a double three correction in II, extending towards $56.17 against March-2025 high.

NEE - Elliott Wave View From 2.24.2025: 

Within the recent ((X)), NEE achieved $76.29 on March 10, 2025. Below this, further downside is expected in (W) of ((Y)), targeting $63.89 - $60.94 area before a bounce in (X). Another move lower is anticipated towards $56.17 – $51.39 to complete II. The pullback should remain above the $47.15 low, setting up for higher levels in III or at least a three-swing bounce. The short-term outlook suggests selling the bounce in (X) against the $76.29 high in 3, 7 or 11 swings at extreme area, with a target of $56.17 or lower levels.

Source: https://elliottwave-forecast.c...