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Downtrend Broken Resist.Archive
- 5/29/2026 -
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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 -0.57 points, or -1.33%, and closed at 42.26 on Friday, May 29, 2026. Weekly volume was 33% above average.
CNP is a member of Utilities Sector. Utilities is the second most oversold 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 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 Rising Wedge chart pattern. The uptrend support line (44.46) 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 41.20 on May 18, 2026. CNP lost 3.27 points, or 7.35%, in 5 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 40.83 and resistance is at 43.57. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 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. 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 18, 2026 at 41.20 and reached 43.27 on May 26, 2026. CNP gained -2.07 points, or -5.02%, in 8 days. The price is now at the 48.79% retracement level.
Daily Technical Indicators: [See CNP daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since May 21, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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 price 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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