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Industry Stocks Technical Analysis - CNPArchive - 6/7/2024 - Sign In to see current Signals. |
CenterPoint Energy (CNP) Technical Analysis
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| Summary:
| | Weekly :![Overbought sector](images\bearish.gif) ![Lane's Stochastic is overbought](images\bearish.gif) ![Stochastic has declined below the signal line](images\bearish.gif) | | Daily :![The price has fallen below the Parabolic SAR](images\bearish.gif) Move cursor over the icon to see details.
| | It was the negative week for the CenterPoint Energy (CNP). During the week, the CNP dropped -0.34 points, or -1.11%, and closed at 30.17 on Friday, June 7, 2024. Weekly volume was -12% below average. CNP is a member of Utilities Sector. Utilities is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
Long-term trend: [See CNP long-term trend chart] A long-term uptrend had started on October 13, 2022 at 25.03 and reached 31.52 on December 1, 2022. CNP gained -6.49 points, or -25.93%, in 7 weeks. The price is now at the 20.80% retracement level.
Medium-term trend: [See CNP medium-term trend chart] A medium-term uptrend had started on April 16, 2024 at 26.90 and reached 30.92 on June 4, 2024. CNP gained -4.02 points, or -14.94%, in 7 weeks. The price is now at the 18.66% retracement level.
Weekly Technical Indicators: [See CNP weekly technical indicators chart] Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help. The weekly MACD line is above its signal line since March 8, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.
Short-term trend: [See CNP short-term trend chart] A short-term uptrend had started on May 29, 2024 at 29.23 and reached 30.92 on June 4, 2024. CNP gained -1.69 points, or -5.78%, in 6 days. The price is now at the 44.38% 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 June 6, 2024. The distance between MACD and the signal line is low and getting smaller. During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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Daily Oscillators |
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Weekly Oscillators |
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Trading
Signals |
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Sector and
Industry |
Description |
Name |
Rank |
Sector |
Utilities |
12 |
Industry |
Multi-Utilities |
95 |
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Daily Trend |
Description |
Value |
Direction |
Up |
Chart Pattern |
Uptrend |
Low |
29.23 |
Low Date |
05/29/2024 |
High |
30.92 |
High Date |
06/04/2024 |
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Weekly Trend |
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Description |
Value |
Direction |
Up |
Chart Pattern |
Uptrend |
Status |
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Resistance |
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Support |
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Low |
26.90 |
Low Date |
04/16/2024 |
High |
30.92 |
High Date |
06/04/2024 |
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Description |
Value |
Direction |
Up |
Chart Pattern |
Uptrend |
Status |
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Resistance |
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Support |
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Low |
25.03 |
Low Date |
10/13/2022 |
High |
31.52 |
High Date |
12/01/2022 |
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Quarterly Trend |
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Description |
Value |
Direction |
Down |
Chart Pattern |
DownTrend |
Status |
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Resistance |
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Support |
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High |
33.50 |
High Date |
09/23/2022 |
Low |
25.03 |
Low Date |
10/13/2022 |
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Description |
Value |
Direction |
Up |
Chart Pattern |
Uptrend |
Status |
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Resistance |
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Support |
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Low |
11.58 |
Low Date |
03/19/2020 |
High |
33.50 |
High Date |
09/23/2022 |
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