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S&P 500 Oversold StocksArchive
- 4/26/2024 -
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CenterPoint Energy (CNP) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was a second consecutive positive week for the CenterPoint Energy (CNP). During the week, the CNP gained 0.32 points, or 1.12%, and closed at 28.85 on Friday, April 26, 2024. Weekly volume was -9% below average.
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 31.52 on December 1, 2022. CNP gained -6.49 points, or -25.93%, in 7 weeks. The price is now at the 41.14% retracement level.
 Medium-term trend: [See CNP medium-term trend chart]
A medium-term downtrend had started on December 14, 2023 at 30.55 and reached 26.90 on April 16, 2024. CNP lost 3.65 points, or 11.95%, in 17 weeks. The price is now at the 53.42% retracement level.
 Weekly Technical Indicators: [See CNP weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since March 8, 2024. 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 April 16, 2024 at 26.90 and reached 29.43 on April 25, 2024. CNP gained -2.53 points, or -9.41%, in 9 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See CNP daily technical indicators chart]
Daily 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 daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. 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 daily MACD line is above its signal line since April 18, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
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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 |
11 |
| Industry |
Multi-Utilities |
100 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
26.90 |
| Low Date |
04/16/2024 |
| High |
29.43 |
| High Date |
04/25/2024 |
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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 |
30.55 |
| High Date |
12/14/2023 |
| Low |
26.90 |
| Low Date |
04/16/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
25.03 |
| Low Date |
10/13/2022 |
| High |
31.52 |
| High Date |
12/01/2022 |
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| Quarterly 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 |
33.50 |
| High Date |
09/23/2022 |
| Low |
25.03 |
| Low Date |
10/13/2022 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
11.58 |
| Low Date |
03/19/2020 |
| High |
33.50 |
| High Date |
09/23/2022 |
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