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Archive
- 12/13/2024 -
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CenterPoint Energy (CNP) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was a first positive week for the CenterPoint Energy (CNP). During the week, the CNP climbed 0.28 points, or 0.88%, and closed at 31.94 on Friday, December 13, 2024. Weekly volume was -18% below average.
 Long-term trend: [See CNP long-term trend chart]
A long-term downtrend had started on September 23, 2022 at 33.50 and reached 25.03 on October 13, 2022. CNP lost 8.47 points, or 25.28%, in 2 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (25.48) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See CNP medium-term trend chart]
A medium-term uptrend had started on October 13, 2022 at 25.03 and reached 33.00 on December 3, 2024. CNP gained -7.97 points, or -31.84%, in 111 weeks. The chart has formed a Rectangle chart pattern. The price is near the trend resistance line (31.59). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See CNP weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since September 27, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.
 Short-term trend: [See CNP short-term trend chart]
A short-term downtrend had started on December 3, 2024 at 33.00 and reached 31.16 on December 11, 2024. CNP lost 1.84 points, or 5.58%, in 8 days. The price is now at the 42.39% retracement level.
 Daily Technical Indicators: [See CNP daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since December 5, 2024. This is an indication that the short-term trend is down.
A Parabolic SAR (stop and reversal) indicator (32.22) comes close to the price (31.94). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Utilities |
5 |
| Industry |
Multi-Utilities |
55 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
31.16 |
| Low Date |
12/11/2024 |
| High |
32.19 |
| High Date |
12/13/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
33.00 |
| High Date |
12/03/2024 |
| Low |
31.16 |
| Low Date |
12/11/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Valid |
| Resistance |
33.47 |
| Support |
30.19 |
| Low |
25.41 |
| Low Date |
08/15/2024 |
| High |
33.00 |
| High Date |
12/03/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rectangle |
| Status |
Test Resistance |
| Resistance |
31.59 |
| Support |
25.33 |
| Low |
25.03 |
| Low Date |
10/13/2022 |
| High |
33.00 |
| High Date |
12/03/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Descending Triangle |
| Status |
Broken Resistance |
| Resistance |
31.03 |
| Support |
25.48 |
| High |
33.50 |
| High Date |
09/23/2022 |
| Low |
25.03 |
| Low Date |
10/13/2022 |
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