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Downtrend Broken Resist.Archive
- 2/6/2026 -
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CenterPoint Energy (CNP) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a second consecutive positive week for the CenterPoint Energy (CNP). During the week, the CNP climbed 0.36 points, or 0.91%, and closed at 40.05 on Friday, February 6, 2026. Weekly volume was 10% above average.
 Long-term trend: [See CNP long-term trend chart]
A long-term uptrend had started on December 11, 2025 at 37.22 and reached 40.80 on February 4, 2026. CNP gained -3.58 points, or -9.62%, in 7 weeks. The price is now at the 20.95% retracement level.
 Medium-term trend: [See CNP medium-term trend chart]
A medium-term uptrend had started on January 5, 2026 at 37.49 and reached 40.80 on February 4, 2026. CNP gained -3.31 points, or -8.83%, in 4 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 39.10 and resistance is at 42.64. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See CNP weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 below its signal line since October 24, 2025. 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 January 23, 2026 at 38.40 and reached 40.80 on February 4, 2026. CNP gained -2.40 points, or -6.25%, in 12 days. The price is now at the 31.25% retracement level.
Daily Technical Indicators: [See CNP daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since December 23, 2025. This is an indication that the short-term trend is up.
A Parabolic SAR (stop and reversal) indicator (39.79) comes close to the price (40.05). 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.
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