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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- 4/10/2026 -
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CenterPoint Energy (CNP) Technical Analysis

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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtStochastic has declined below the signal lineLane's Stochastic and MACD bearish divergence
Daily :Williams' Percentage Range is overboughtA Parabolic SAR indicator is above and near the priceDaily  MACD line has moved above its signal linePrice is near the Fibonacci 38.2% retracement level
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It was the negative week for the CenterPoint Energy (CNP). During the week, the CNP gave back -0.32 points, or -0.73%, and closed at 43.39 on Friday, April 10, 2026. Weekly volume was -32% below 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 44.47 on April 9, 2026. CNP gained -19.44 points, or -77.67%, in 182 weeks. The price is now at the 5.56% retracement level.

Medium-term trend: [See CNP medium-term trend chart]
A medium-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 price is now at the 14.90% retracement level.

Weekly Technical Indicators: [See CNP weekly technical indicators chart]
Weekly 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 weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Weekly 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 weekly 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 and Williams' Percentage Range help.

The weekly MACD line is above its signal line since February 6, 2026. This is an indication that the medium-term trend is up. 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 March 24, 2026 at 41.56 and reached 44.47 on April 9, 2026. CNP gained -2.91 points, or -7.00%, in 16 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

A Parabolic SAR (stop and reversal) indicator (43.15) comes close to the price (43.39). 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.98
Williams' Percentage Range (W%R) 16.50
Overbought
Lane's Stochastic (%D-Slow) 75.80
Greed/Fear Indicator (GFI) 76.09
Moving Average Converg./Diverg. (MACD) 0.27
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.17
Williams' Percentage Range (W%R) 6.60
Strong Overbought
Lane's Stochastic (%D-Slow) 80.16
Overbought Bearish
Greed/Fear Indicator (GFI) 78.43
Moving Average Converg./Diverg. (MACD) 1.17 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 44.66
Daily Stochastic Crossing 43.99
Weekly Stochastic Crossing 43.73
Price 43.39
Parabolic System 43.15
20 Day Moving Average 43.11
50 Day Moving Average 42.49
Lower Bollinger Band 41.66
Sector and Industry
Description Name Rank
Sector Utilities 12
Industry Multi-Utilities 114
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 44.47
High Date 04/09/2026
Low 43.28
Low Date 04/10/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 41.56
Low Date 03/24/2026
High 44.47
High Date 04/09/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 37.22
Low Date 12/11/2025
High 44.47
High Date 04/09/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 25.03
Low Date 10/13/2022
High 44.47
High Date 04/09/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 11.58
Low Date 03/19/2020
High 44.47
High Date 04/09/2026
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.