The Greedy Trader Weekly Analysis
Sign In May 22, 2026
Skip Navigation Links
Share
Number of records: 10
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

Archive
- 5/15/2026 -
Sign In to see current Signals.

CenterPoint Energy (CNP) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Broken trend support line
Daily :Lane's Stochastic bullish divergence
Move cursor over the icon to see details.

It was the negative week for the CenterPoint Energy (CNP). During the week, the CNP gave back -0.19 points, or -0.46%, and closed at 41.53 on Friday, May 15, 2026. CNP was trading at average weekly trading volume.

Long-term trend: [See CNP long-term trend chart]
A long-term uptrend had started on December 11, 2025 at 37.22 and reached 44.47 on April 9, 2026. CNP gained -7.25 points, or -19.48%, in 17 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend support line (43.89) 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 long-term trend.

Medium-term trend: [See CNP medium-term trend chart]
A medium-term downtrend had started on April 9, 2026 at 44.47 and reached 41.32 on May 15, 2026. CNP lost 3.15 points, or 7.08%, in 5 weeks. The price is now at the 6.67% retracement level.

Weekly Technical Indicators: [See CNP weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since May 1, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 1, 2026 at 44.06 and reached 41.32 on May 15, 2026. CNP lost 2.74 points, or 6.22%, in 14 days. The price is now at the 7.66% retracement level.

Daily Technical Indicators: [See CNP daily technical indicators chart]
Daily technical indicators are neutral. Daily Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 daily MACD line is below its signal line since May 5, 2026. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.36
Williams' Percentage Range (W%R) 60.60
Lane's Stochastic (%D-Slow) 23.66
Bullish
Greed/Fear Indicator (GFI) 33.81
Moving Average Converg./Diverg. (MACD) -0.13
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.39
Williams' Percentage Range (W%R) 29.00
Lane's Stochastic (%D-Slow) 41.65
Greed/Fear Indicator (GFI) 53.37
Moving Average Converg./Diverg. (MACD) 1.23
Trading Signals
Description Value Chart
Monthly Trendline Resistance 44.60
Monthly Trendline Support 43.89
Upper Bollinger Band 43.72
Parabolic System 42.93
50 Day Moving Average 42.91
20 Day Moving Average 42.62
Weekly Stochastic Crossing 42.48
Daily Stochastic Crossing 41.80
Price 41.53
Lower Bollinger Band 41.38
Sector and Industry
Description Name Rank
Sector Utilities 5
Industry Multi-Utilities 56
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 44.06
High Date 05/01/2026
Low 41.32
Low Date 05/15/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 44.47
High Date 04/09/2026
Low 41.32
Low Date 05/15/2026
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Support
Resistance 44.60
Support 43.89
Low 37.22
Low Date 12/11/2025
High 44.47
High Date 04/09/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 25.03
Low Date 10/13/2022
High 44.47
High Date 04/09/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 11.58
Low Date 03/19/2020
High 44.47
High Date 04/09/2026
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.