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Downtrend Broken Resist.Archive
- 10/2/2026 -
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CenterPoint Energy (CNP) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week after 3 consecutive negative weeks for the CenterPoint Energy (CNP). During the week, the CNP gained 0.95 points, or 2.58%, and closed at 37.79 on Friday, October 2, 2026. It was the best weekly gain since July 24, 2026. Weekly volume was 24% above average.
CNP is a member of Utilities Sector. Utilities is the most oversold sector. CNP is a member of Multi-Utilities Industry. Multi-Utilities is the eighth most oversold industry. 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 March 19, 2020 at 11.58 and reached 45.26 on July 28, 2026. CNP gained -33.68 points, or -290.85%, in 331 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (45.68) 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 September 8, 2026 at 40.36 and reached 36.37 on September 29, 2026. CNP lost 3.99 points, or 9.89%, in 3 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (35.93) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See CNP weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Williams' Percentage Range or strongly oversold weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 and Williams' Percentage Range help.
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 near its high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 September 29, 2026 at 36.37 and reached 37.90 on October 2, 2026. CNP gained -1.53 points, or -4.21%, in 3 days. The price is now at the 7.19% retracement level.
 Daily Technical Indicators: [See CNP daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. 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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