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Uptrend ExhaustionArchive
- 3/21/2025 -
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CenterPoint Energy (CNP) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a second consecutive positive week for the CenterPoint Energy (CNP). During the week, the CNP climbed 0.29 points, or 0.82%, and closed at 35.77 on Friday, March 21, 2025. CNP was trading at average weekly trading volume.
CNP is a member of Utilities Sector. Utilities is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See CNP long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 25.03 and reached 36.19 on March 21, 2025. CNP gained -11.16 points, or -44.59%, in 127 weeks. Price is near the trend high.
 Medium-term trend: [See CNP medium-term trend chart]
A medium-term uptrend had started on August 15, 2024 at 25.41 and reached 36.19 on March 21, 2025. CNP gained -10.78 points, or -42.42%, in 31 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 33.02 and resistance is at 36.26. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See CNP weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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. Use the following link to access a MACD help.
 Short-term trend: [See CNP short-term trend chart]
A short-term uptrend had started on January 8, 2025 at 30.59 and reached 36.19 on March 21, 2025. CNP gained -5.60 points, or -18.31%, in 72 days. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (35.71). 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 short-term trend.
 Daily Technical Indicators: [See CNP daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic.
The daily MACD line is above its signal line since March 13, 2025. This is an indication that the short-term trend is up.
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