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Downtrend Broken Resist.Archive
- 6/12/2026 -
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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 0.21 points, or 0.49%, and closed at 42.90 on Friday, June 12, 2026. Weekly volume was -14% below average.
CNP is a member of Utilities Sector. Utilities is the second most oversold 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 December 11, 2025 at 37.22 and reached 44.47 on April 9, 2026. CNP gained -7.25 points, or -19.48%, in 17 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (45.09) 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 April 9, 2026 at 44.47 and reached 41.09 on June 4, 2026. CNP lost 3.38 points, or 7.60%, in 8 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (42.91). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a medium-term trend.
 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. 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 43.17 on June 11, 2026. CNP gained -2.08 points, or -5.06%, in 7 days. The price is now at the 12.98% 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 above its signal line. Such crossover is considered a bullish signal.
Price is close to the 50 Day Moving Average. 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.
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