CENTERPOINT ENERGY INC (CNP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CNP - US15189T1079 - Common Stock
We assign a technical rating of 3 out of 10 to CNP. Although CNP is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
CNP has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
36.13
We found 2 important support areas.
- A support zone ranging from 37.32 to 37.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @36.49 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 38.81 to 39.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 39.99 to 40.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for CNP is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CNP is down. |
| ChartMill Relative Strength | 71.16 | POSITIVE | CNP has a high relative strength, it outperformed 71.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CNP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CNP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CNP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.79 | NEUTRAL | The RSI value for CNP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests CNP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.73 | OVERSOLD | The low Stochastics value suggests CNP may be oversold. |
| Average True Range in percent/ATR (20) | 1.53 | LOW VOLATILITY | The low ATR as a percentage value for CNP suggests low volalility. |
| Average Directional Index/ADX (14) | 26.4 | POSITIVE | The high ADX value value for CNP suggests a strong trend. |
37.84
+0.51 (+1.37%)
CENTERPOINT ENERGY INC / CNP FAQ
Can you provide the ChartMill technical rating for CENTERPOINT ENERGY INC?
ChartMill assigns a technical rating of 3 / 10 to CNP.
What is the current trend direction of CENTERPOINT ENERGY INC (CNP) stock?
The current trend direction for CENTERPOINT ENERGY INC (CNP) is Bearish.
Can you provide the RSI signal for CENTERPOINT ENERGY INC?
CENTERPOINT ENERGY INC (CNP) has an RSI value of 37.7921. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CENTERPOINT ENERGY INC?
The MACD indicator for CENTERPOINT ENERGY INC (CNP) has a value of -0.192156, indicating a bearish trend.
Can you provide the support and resistance levels for CENTERPOINT ENERGY INC?
CENTERPOINT ENERGY INC (CNP) has a support level at 37.83 and a resistance level at 38.81. Check the full technical report for our detailed analysis of CNP support and resistance levels.