CENTERPOINT ENERGY INC (CNP) Stock Technical Analysis
NYSE:CNP - US15189T1079 - Common Stock
37.94 USD
+0.23 (+0.61%)
37.94 USD
0 (0%)
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.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that CNP is one of the better performing stocks in the market, outperforming 80% of all stocks. We also observe that the gains produced by CNP over the past year are nicely spread over this period.
CNP is one of the better performing stocks in the Multi-Utilities industry, it outperforms 100% of 25 stocks in the same industry.
CNP is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CNP is lagging the market slightly.
CNP has an average volume of 5104420 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month CNP has a been trading in a tight range between 37.39 and 39.39.
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 37.90, a Stop Loss order could be placed below this zone.
More info and screens
34.88
39.56
When analyzing the support we can see 2 important areas.
- A support zone ranging from 37.46 to 37.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 35.23 to 35.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 38.21 to 38.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 38.99 to 39.17. 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 | NEUTRAL | NEUTRAL | The short term trend for CNP is neutral. |
| ChartMill Relative Strength | 80.5 | POSITIVE | CNP has a high relative strength, it outperformed 80.5% 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) | 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) | 50.41 | NEUTRAL | The RSI value for CNP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests CNP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.95 | NEUTRAL | The Stochastics value for CNP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.36 | LOW VOLATILITY | The low ATR as a percentage value for CNP suggests low volalility. |
| Average Directional Index/ADX (14) | 14.18 | NEGATIVE | The low ADX value for CNP suggests a weak or negative trend. |
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)
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 |
|---|---|---|---|
| 38.24 | 37.45 | 0.79 (2.07%) | 25.00% |
| An entry @38.24. This is a Buy Stop order right above the resistance zone. | An exit @37.45. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.79 points, which is 2.07%. | For a 0.52% 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.
37.94
+0.23 (+0.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryMulti-Utilities
Performance
% Chg0.61%
1 Week0.64%
2 Weeks0.56%
1 Month-3.12%
3 Month3.63%
6 Month10.74%
12 Month39.08%
2 Year41.3%
3 Year34.63%
5 Year96.07%
10 Year110.31%
15 Year141.35%
Volatility
ATR(14)0.48
ATR(20)%1.36%
ATR Inc-2.23%
Range Today0.58
ADR(20)0.5
ADR(20)%1.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.5
Mansfield0.21
10 Day High38.77
10 Day Low37.39
20 Day High39.39
20 Day Low37.39
52 Week High39.39
52 Week Low26.32
CS1 End37.9
CR1 Start38.21
Volume & EV
DER(3)0.64%
DER(5)0.64%
Volume4.30M
Volume Incr-17.02%
Vol(5)4.03M
Vol(50)5.10M