CENTERPOINT ENERGY INC (CNP) Technical Analysis
NYSE:CNP • US15189T1079
Current stock price
CNP Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to CNP. 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!
- Looking at the yearly performance, CNP did better than 70% of all other 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 80% of 26 stocks in the same industry.
- CNP is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so CNP is leading the market.
- CNP has an average volume of 5622340 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 the 41.56 - 44.39 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CNP Weekly and Daily overview Charts
CNP Setup Rating and Analysis
CNP has an excellent technical rating and 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 44.02. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 43.02, a Stop Loss order could be placed below this zone.
More info and screens
CNP Support and Resistance Analysis
36.95
We found 3 important support areas.
- A support zone ranging from 41.91 to 43.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 40.13 to 40.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 37.32 to 38.67. 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 44.02 to 44.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
CNP Technical Indicator Signal Analysis
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 | 70.9 | POSITIVE | CNP has a high relative strength, it outperformed 70.9% 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) | 61.69 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 64.08 | NEUTRAL | The Stochastics value for CNP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.7 | LOW VOLATILITY | The low ATR as a percentage value for CNP suggests low volalility. |
| Average Directional Index/ADX (14) | 18.45 | NEGATIVE | The low ADX value for CNP suggests a weak or negative trend. |
CNP Chart- and CandleStick Pattern Analysis
CNP 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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 44.16 | 41.55 | 2.61 (5.91%) | 16.92% |
| An entry @44.16. This is a Buy Stop order right above the resistance zone. | An exit @41.55. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.61 points, which is 5.91%. | For a 1.00% total portfolio risk, you can invest 16.92% 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
43.71
+0.46 (+1.06%)
CENTERPOINT ENERGY INC / CNP TA 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.
What is the RSI signal for CNP stock?
CENTERPOINT ENERGY INC (CNP) has an RSI value of 61.6946. This indicates that the stock is currently neutral.
What is the short term momentum for CENTERPOINT ENERGY INC (CNP) stock?
The short term momentum for CENTERPOINT ENERGY INC (CNP) is positive.
What are the support and resistance levels for CENTERPOINT ENERGY INC (CNP) stock?
CENTERPOINT ENERGY INC (CNP) has a support level at 43.02 and a resistance level at 44.02. Check the full technical report for our detailed analysis of CNP support and resistance levels.