CENTERPOINT ENERGY INC (CNP)
US15189T1079 - Common Stock
Overall CNP gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CNP is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
CNP is one of the better performing stocks in the Multi-Utilities industry, it outperforms 91% of 25 stocks in the same industry.
CNP is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so CNP is performing more or less in line with the market.
CNP is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
CNP has an average volume of 5005820 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that CNP is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Besides having an excellent technical rating, CNP also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 32.63. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
28.29
33.00
We found 2 important support areas.
- A support zone ranging from 30.22 to 30.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 28.58 to 28.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 32.63 to 32.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.74
Mansfield0.18
10 Day High32.74
10 Day Low30.76
20 Day High33
20 Day Low30.76
52 Week High33
52 Week Low25.41
Performance
1 Week1.88%
2 Weeks2.78%
1 Month2.55%
3 Month15.51%
6 Month4.97%
12 Month14.66%
2 Year8.5%
3 Year16.59%
5 Year19.33%
10 Year38.88%
15 Year124.26%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.06
RSI(14)62.98
LBB31.13
UBB32.53
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 32.68 | 30.75 | 1.93 (5.91%) | 16.93% |
| An entry @32.68. This is a Buy Stop order right above the resistance zone. | An exit @30.75. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.93 points, which is 5.91%. | When investing 16.93% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
CENTERPOINT ENERGY INC
NYSE:CNP (12/20/2024, 8:04:00 PM)
After market: 32.54 0 (0%)32.54
+0.78 (+2.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryMulti-Utilities
Performance
% Chg2.46%
1 Week1.88%
2 Weeks2.78%
1 Month2.55%
3 Month15.51%
6 Month4.97%
12 Month14.66%
2 Year8.5%
3 Year16.59%
5 Year19.33%
10 Year38.88%
15 Year124.26%
Volatility
ATR(14)0.67
ATR(20)%1.94%
ATR Inc57.88%
Range Today1.09
ADR(20)0.62
ADR(20)%1.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.74
Mansfield0.18
10 Day High32.74
10 Day Low30.76
20 Day High33
20 Day Low30.76
52 Week High33
52 Week Low25.41
CS1 End30.86
CR1 Start32.63
Volume & EV
DER(3)-4.1%
DER(5)-2.75%
Volume14.45M
Volume Incr104.34%
Vol(5)8.37M
Vol(50)5.01M