CENTERPOINT ENERGY INC (CNP) Technical Analysis
NYSE:CNP • US15189T1079
Overall CNP gets a technical rating of 10 out of 10. 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.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that CNP is one of the better performing stocks in the market, outperforming 78% of all stocks. On top of that, CNP also shows a nice and consistent pattern of rising prices.
- CNP is one of the better performing stocks in the Multi-Utilities industry, it outperforms 84% of 26 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 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.
- CNP has an average volume of 5581740 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, CNP also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 43.39. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 41.78, a Stop Loss order could be placed below this zone.
More info and screens
36.95
2 important support areas can be observed.
- A support zone ranging from 39.62 to 41.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 37.32 to 38.46. 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 43.39 to 44.03. 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 | UP | POSITIVE | The short term trend for CNP is up. |
| ChartMill Relative Strength | 78.44 | POSITIVE | CNP has a high relative strength, it outperformed 78.44% off all stocks 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) | 57.86 | NEUTRAL | The RSI value for CNP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests CNP has a negative trend. |
| Stochastics (14,3) | 57.78 | NEUTRAL | The Stochastics value for CNP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.84 | LOW VOLATILITY | The low ATR as a percentage value for CNP suggests low volalility. |
| Average Directional Index/ADX (14) | 27.72 | POSITIVE | The high ADX value value for CNP suggests a strong 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 |
|---|---|---|---|
| 44.04 | 42.32 | 1.72 (3.92%) | 25.00% |
| An entry @44.04. This is a Buy Stop order right above the resistance zone. | An exit @42.32. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.72 points, which is 3.92%. | For a 0.98% 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.
CNP Technicals: Chart, Performance Metrics, Trend & Indicators
42.95
-0.21 (-0.49%)
CENTERPOINT ENERGY INC / CNP FAQ
Can you provide the ChartMill technical rating for CENTERPOINT ENERGY INC?
ChartMill assigns a technical rating of 10 / 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 57.8625. 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.