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Multi-Utilities Industry Stocks Technical Analysis - CNPArchive
- 6/6/2025 -
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CenterPoint Energy (CNP) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the CenterPoint Energy (CNP). During the week, the CNP dropped -0.63 points, or -1.69%, and closed at 36.61 on Friday, June 6, 2025. Weekly volume was -13% below average.
 Long-term trend: [See CNP long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 25.03 and reached 39.31 on May 6, 2025. CNP gained -14.28 points, or -57.05%, in 133 weeks. The chart has formed a Rectangle chart pattern. The uptrend resistance line (25.46) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See CNP medium-term trend chart]
A medium-term uptrend had started on August 15, 2024 at 25.41 and reached 39.31 on May 6, 2025. CNP gained -13.90 points, or -54.70%, in 37 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (37.15) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.
 Weekly Technical Indicators: [See CNP weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.
 Short-term trend: [See CNP short-term trend chart]
A short-term downtrend had started on May 6, 2025 at 39.31 and reached 36.00 on May 14, 2025. CNP lost 3.31 points, or 8.42%, in 8 days. The price is now at the 18.43% retracement level.
Daily Technical Indicators: [See CNP daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since May 7, 2025. This is an indication that the short-term trend is down.
The price touches the lower Bollinger Band. The distance between the Bollinger Bands (3.82%) is close to one year low (4.00%). It is 54.41% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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