The Greedy Trader Weekly Analysis
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Weekly Price vs. Fibonacci:Near 50.0% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 5/3/2024 -
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CenterPoint Energy (CNP) Technical Analysis

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Summary:
Weekly :Overbought sector
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtLane's Stochastic and MACD bearish divergence
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It was a third consecutive positive week for the CenterPoint Energy (CNP). During the week, the CNP gained 0.60 points, or 2.08%, and closed at 29.45 on Friday, May 3, 2024. Weekly volume was 30% above 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 31.90% 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 69.86% 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 29.67 on May 3, 2024. CNP gained -2.77 points, or -10.30%, in 17 days. The price is now at the 7.94% retracement 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. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and 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 daily MACD line is above its signal line since April 18, 2024. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 78.08
Williams' Percentage Range (W%R) 4.00
Strong Overbought
Lane's Stochastic (%D-Slow) 86.56
Overbought Bearish
Greed/Fear Indicator (GFI) 86.89
Overbought
Moving Average Converg./Diverg. (MACD) 0.27 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.99
Williams' Percentage Range (W%R) 27.10
Lane's Stochastic (%D-Slow) 68.64
Greed/Fear Indicator (GFI) 66.14
Moving Average Converg./Diverg. (MACD) -0.10
Trading Signals
Description Value Chart
Upper Bollinger Band 30.21
Daily Stochastic Crossing 29.48
Price 29.45
Parabolic System 28.93
Weekly Stochastic Crossing 28.79
20 Day Moving Average 28.45
50 Day Moving Average 28.17
Lower Bollinger Band 27.16
Sector and Industry
Description Name Rank
Sector Utilities 12
Industry Multi-Utilities 111
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 26.90
Low Date 04/16/2024
High 29.67
High Date 05/03/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 30.55
High Date 12/14/2023
Low 26.90
Low Date 04/16/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 25.03
Low Date 10/13/2022
High 31.52
High Date 12/01/2022
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 33.50
High Date 09/23/2022
Low 25.03
Low Date 10/13/2022
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 11.58
Low Date 03/19/2020
High 33.50
High Date 09/23/2022
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.