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Downtrend Broken Resist.Archive
- 10/23/2026 -
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CenterPoint Energy (CNP) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a fourth positive week after 3 consecutive negative weeks for the CenterPoint Energy (CNP). During the week, the CNP gained 0.52 points, or 1.28%, and closed at 41.07 on Friday, October 23, 2026. CNP was trading at average weekly trading volume.
 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 (45.99) 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 July 28, 2026 at 45.26 and reached 36.37 on September 29, 2026. CNP lost 8.89 points, or 19.64%, in 9 weeks. The price is now at the 52.87% retracement level.
 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. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 41.23 on October 22, 2026. CNP gained -4.86 points, or -13.36%, in 23 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 40.43 and resistance is at 42.11. 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 short-term trend.
 Daily Technical Indicators: [See CNP daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Daily Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, 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. 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 daily MACD line is above its signal line since October 1, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term uptrend is still strong, and momentum is beginning to wane.
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