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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- 6/26/2026 -
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CenterPoint Energy (CNP) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtRelative Strength Index and Lane's Stochastic bearish divergence
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtThe price is above the upper Bollinger Band20 Day Moving Average has crossed above the 50 Day Moving Average
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It was a first positive week for the CenterPoint Energy (CNP). During the week, the CNP gained 2.22 points, or 5.18%, and closed at 45.04 on Friday, June 26, 2026. It was the best weekly gain since February 13, 2026. Weekly volume was 93% above 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 45.08 on June 26, 2026. CNP gained -20.05 points, or -80.10%, in 193 weeks. Price is near the trend high.

Medium-term trend: [See CNP medium-term trend chart]
A medium-term uptrend had started on December 11, 2025 at 37.22 and reached 45.08 on June 26, 2026. CNP gained -7.86 points, or -21.12%, in 28 weeks. Price is near the trend high.

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. Weekly Relative Strength Index and Lane's Stochastic have bearish divergence. Use the following links to access the Relative Strength Index and Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index and Lane's Stochastic bearish 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is below its signal line since May 1, 2026. The distance between MACD and the signal line is low and getting smaller. 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 June 4, 2026 at 41.09 and reached 45.08 on June 26, 2026. CNP gained -3.99 points, or -9.71%, in 22 days. Price is near the trend high.

Daily Technical Indicators: [See CNP daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic.

The daily MACD line is above its signal line since June 8, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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 advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.09
Williams' Percentage Range (W%R) 15.50
Overbought
Lane's Stochastic (%D-Slow) 89.78
Overbought
Greed/Fear Indicator (GFI) 81.45
Overbought
Moving Average Converg./Diverg. (MACD) 0.22
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.46
Bearish
Williams' Percentage Range (W%R) 10.60
Overbought
Lane's Stochastic (%D-Slow) 50.57
Bearish
Greed/Fear Indicator (GFI) 64.59
Moving Average Converg./Diverg. (MACD) 0.97
Trading Signals
Description Value Chart
Price 45.04
Upper Bollinger Band 44.93
Daily Stochastic Crossing 44.87
Weekly Stochastic Crossing 43.15
20 Day Moving Average 42.77
50 Day Moving Average 42.68
Parabolic System 41.88
Lower Bollinger Band 41.30
Sector and Industry
Description Name Rank
Sector Utilities 9
Industry Multi-Utilities 67
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 41.60
Low Date 06/22/2026
High 45.08
High Date 06/26/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 41.09
Low Date 06/04/2026
High 45.08
High Date 06/26/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 37.22
Low Date 12/11/2025
High 45.08
High Date 06/26/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 25.03
Low Date 10/13/2022
High 45.08
High Date 06/26/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 11.58
Low Date 03/19/2020
High 45.08
High Date 06/26/2026
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.