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CENTERPOINT ENERGY INC (CNP) Stock Technical Analysis

NYSE:CNP - New York Stock Exchange, Inc. - US15189T1079 - Common Stock

33.06  +0.5 (+1.54%)

After market: 33.06 0 (0%)

Technical Rating and Analysis

10

Taking everything into account, CNP scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, CNP has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, CNP did better than 77% of all other stocks. On top of that, CNP also shows a nice and consistent pattern of rising prices.
CNP is part of the Multi-Utilities industry. There are 25 other stocks in this industry. CNP outperforms 83% of them.
CNP is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month CNP has a been trading in the 30.59 - 33.12 range, which is quite wide. It is currently trading near the high of this range.
CNP has an average volume of 4598830 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Weekly and Daily overview Charts
CENTERPOINT ENERGY INC / CNP Weekly stock chart
CENTERPOINT ENERGY INC / CNP Daily stock chart
Setup Rating and Analysis

8

Besides having an excellent technical rating, CNP also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 33.07. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 31.90, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CNP in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
  • 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.
Support and Resistance Analysis

30.46

33.40

We found 1 important support area.

  • A support zone ranging from 30.77 to 31.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 33.07 to 33.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.76
Mansfield0.23
10 Day High33.12
10 Day Low30.59
20 Day High33.12
20 Day Low30.59
52 Week High33.12
52 Week Low25.41
Performance
1 Week4.59%
2 Weeks4.49%
1 Month5.15%
3 Month12.79%
6 Month12.6%
12 Month19.91%
2 Year9.76%
3 Year16.57%
5 Year24.85%
10 Year43.18%
15 Year136.99%
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)0.13
RSI(14)65.16
LBB30.51
UBB33.02
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
33.0830.582.50 (7.56%)13.23%
An entry @33.08. This is a Buy Stop order right above the resistance zone.An exit @30.58. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 2.50 points, which is 7.56%.When investing 13.23% 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 / CNP Daily stock chart

CENTERPOINT ENERGY INC

NYSE:CNP (1/21/2025, 8:04:00 PM)

After market: 33.06 0 (0%)

33.06

+0.5 (+1.54%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryMulti-Utilities
Performance
% Chg1.54%
1 Week4.59%
2 Weeks4.49%
1 Month5.15%
3 Month12.79%
6 Month12.6%
12 Month19.91%
2 Year9.76%
3 Year16.57%
5 Year24.85%
10 Year43.18%
15 Year136.99%
Volatility
ATR(14)0.69
ATR(20)%2.05%
ATR Inc-17.97%
Range Today0.43
ADR(20)0.66
ADR(20)%2.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.76
Mansfield0.23
10 Day High33.12
10 Day Low30.59
20 Day High33.12
20 Day Low30.59
52 Week High33.12
52 Week Low25.41
CS1 End31.9
CR1 Start33.07
Volume & EV
DER(3)4.76%
DER(5)4.35%
Volume4.47M
Volume Incr-6.76%
Vol(5)4.44M
Vol(50)4.60M