CENTERPOINT ENERGY INC (CNP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CNP - US15189T1079 - Common Stock
We assign a technical rating of 8 out of 10 to CNP. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Besides having an excellent technical rating, CNP also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 39.33, a Stop Loss order could be placed below this zone.
More info and screens
35.19
4 important support areas can be observed.
- A support zone ranging from 38.89 to 39.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @38.17 from a horizontal line in the daily time frame.
- Support @37.32 from a horizontal line in the daily time frame.
- A support zone ranging from 35.55 to 35.73. 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 39.70 to 40.23. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for CNP is neutral. |
| ChartMill Relative Strength | 80.03 | POSITIVE | CNP has a high relative strength, it outperformed 80.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CNP is above a declining 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) | 49.71 | NEUTRAL | The RSI value for CNP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CNP has a negative trend. |
| Stochastics (14,3) | 54.74 | NEUTRAL | The Stochastics value for CNP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.46 | LOW VOLATILITY | The low ATR as a percentage value for CNP suggests low volalility. |
| Average Directional Index/ADX (14) | 12.21 | NEGATIVE | The low ADX value for CNP suggests a weak or negative trend. |
39.41
-0.31 (-0.78%)
CENTERPOINT ENERGY INC / CNP FAQ
Can you provide the ChartMill technical rating for CENTERPOINT ENERGY INC?
ChartMill assigns a technical rating of 8 / 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 Bullish.
Can you provide the RSI signal for CENTERPOINT ENERGY INC?
CENTERPOINT ENERGY INC (CNP) has an RSI value of 49.7089. 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 -0.0149516, 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 39.33 and a resistance level at 39.7. Check the full technical report for our detailed analysis of CNP support and resistance levels.