The Greedy Trader Weekly Analysis
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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.

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- 10/24/2025 -
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CenterPoint Energy (CNP) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtBroken trend resistance lineTrend support at 39.62
Daily :Daily  MACD line has moved below its signal lineA Parabolic SAR indicator is above and near the price
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It was the negative week for the CenterPoint Energy (CNP). During the week, the CNP gave back -0.11 points, or -0.28%, and closed at 39.53 on Friday, October 24, 2025. CNP was trading at average weekly trading volume.

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 40.50 on September 29, 2025. CNP gained -15.47 points, or -61.81%, in 154 weeks. The chart has formed a Rectangle chart pattern. The uptrend resistance line (25.49) 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 September 4, 2025 at 36.61 and reached 40.50 on September 29, 2025. CNP gained -3.89 points, or -10.63%, in 3 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (39.62) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.

Weekly Technical Indicators: [See CNP weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is above its signal line since October 10, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend 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 October 23, 2025 at 40.49 and reached 39.37 on October 24, 2025. CNP lost 1.12 points, or 2.77%, in 1 days. The price is now at the 14.29% retracement level.

Daily Technical Indicators: [See CNP daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

A Parabolic SAR (stop and reversal) indicator (39.33) comes close to the price (39.53). It indicates that the trend is getting weaker. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.17
Williams' Percentage Range (W%R) 32.30
Lane's Stochastic (%D-Slow) 66.28
Greed/Fear Indicator (GFI) 61.73
Moving Average Converg./Diverg. (MACD) 0.39
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.06
Williams' Percentage Range (W%R) 15.90
Overbought
Lane's Stochastic (%D-Slow) 71.21
Greed/Fear Indicator (GFI) 69.18
Moving Average Converg./Diverg. (MACD) 1.04
Trading Signals
Description Value Chart
Weekly Trendline Resistance 40.67
Upper Bollinger Band 40.41
Daily Stochastic Crossing 40.00
Weekly Trendline Support 39.62
Price 39.53
20 Day Moving Average 39.37
Weekly Stochastic Crossing 39.37
Parabolic System 39.33
50 Day Moving Average 38.55
Lower Bollinger Band 38.31
Quarterly Trendline Resistance 31.72
Sector and Industry
Description Name Rank
Sector Utilities 12
Industry Multi-Utilities 108
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 40.49
High Date 10/23/2025
Low 39.37
Low Date 10/24/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 40.67
Support 39.62
Low 36.61
Low Date 09/04/2025
High 40.50
High Date 09/29/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 25.41
Low Date 08/15/2024
High 40.50
High Date 09/29/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rectangle
Status Broken Resistance
Resistance 31.72
Support 25.49
Low 25.03
Low Date 10/13/2022
High 40.50
High Date 09/29/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 11.58
Low Date 03/19/2020
High 40.50
High Date 09/29/2025
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.