CENTERPOINT ENERGY INC (CNP) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:CNP • US15189T1079
Overall CNP gets a technical rating of 7 out of 10. Although CNP is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- CNP is part of the Multi-Utilities industry. There are 26 other stocks in this industry. CNP outperforms 84% of them.
- CNP is currently trading near its 52 week high, which is a good sign. 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 37.76 - 40.80 range, which is quite wide. It is currently trading near the high of this range.
- CNP has an average volume of 4747620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, CNP outperforms 69% of them, which is more or less in line with the market.
CNP has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 39.85, a Stop Loss order could be placed below this zone.
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36.95
When analyzing the support we notice one important area.
- A support zone ranging from 37.32 to 39.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 40.06 to 40.36. 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 | UP | POSITIVE | The long term trend for CNP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CNP is up. |
| ChartMill Relative Strength | 69.49 | NEUTRAL | CNP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CNP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CNP is above the rising 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) | 59.54 | NEUTRAL | The RSI value for CNP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests CNP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.33 | NEUTRAL | The Stochastics value for CNP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.64 | LOW VOLATILITY | The low ATR as a percentage value for CNP suggests low volalility. |
| Average Directional Index/ADX (14) | 17.6 | NEGATIVE | The low ADX value for CNP suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 40.37 | 38.99 | 1.38 (3.42%) | 25.00% |
| An entry @40.37. This is a Buy Stop order right above the resistance zone. | An exit @38.99. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.38 points, which is 3.42%. | For a 0.85% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
40.05
-0.17 (-0.42%)
CENTERPOINT ENERGY INC / CNP FAQ
Can you provide the ChartMill technical rating for CENTERPOINT ENERGY INC?
ChartMill assigns a technical rating of 7 / 10 to CNP.
What is the trend direction for CNP stock?
The current trend direction for CENTERPOINT ENERGY INC (CNP) is Bullish.
Can you provide the RSI signal for CENTERPOINT ENERGY INC?
CENTERPOINT ENERGY INC (CNP) has an RSI value of 59.5362. This indicates that the stock is currently neutral.
Can you provide the short term momentum for CENTERPOINT ENERGY INC?
The short term momentum for CENTERPOINT ENERGY INC (CNP) is positive.
What is the buy/sell signal for CNP stock?
The buy/sell signal for CENTERPOINT ENERGY INC (CNP) is buy as both the short term and long term trends are positive.