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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- 7/24/2026 -
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CenterPoint Energy (CNP) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overbought
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
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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 1.43 points, or 3.32%, and closed at 44.56 on Friday, July 24, 2026. CNP was trading at average weekly trading volume.

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 December 11, 2025 at 37.22 and reached 45.22 on June 29, 2026. CNP gained -8.00 points, or -21.49%, in 28 weeks. The price is now at the 8.25% retracement level.

Medium-term trend: [See CNP medium-term trend chart]
A medium-term uptrend had started on June 4, 2026 at 41.09 and reached 45.22 on June 29, 2026. CNP gained -4.13 points, or -10.05%, in 3 weeks. The price is now at the 15.98% retracement level.

Weekly Technical Indicators: [See CNP weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 May 1, 2026. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.

Short-term trend: [See CNP short-term trend chart]
A short-term downtrend had started on June 29, 2026 at 45.22 and reached 42.49 on July 21, 2026. CNP lost 2.73 points, or 6.04%, in 22 days. The price is now at the 75.82% 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.

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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.03
Williams' Percentage Range (W%R) 22.90
Lane's Stochastic (%D-Slow) 51.01
Greed/Fear Indicator (GFI) 60.70
Moving Average Converg./Diverg. (MACD) 0.12
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.85
Williams' Percentage Range (W%R) 15.10
Overbought
Lane's Stochastic (%D-Slow) 69.28
Greed/Fear Indicator (GFI) 68.94
Moving Average Converg./Diverg. (MACD) 0.93
Trading Signals
Description Value Chart
Upper Bollinger Band 44.91
Price 44.56
Weekly Stochastic Crossing 43.85
20 Day Moving Average 43.84
Daily Stochastic Crossing 43.82
50 Day Moving Average 43.07
Parabolic System 42.54
Lower Bollinger Band 42.29
Sector and Industry
Description Name Rank
Sector Utilities 11
Industry Multi-Utilities 82
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 45.22
High Date 06/29/2026
Low 42.49
Low Date 07/21/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 41.09
Low Date 06/04/2026
High 45.22
High Date 06/29/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 37.22
Low Date 12/11/2025
High 45.22
High Date 06/29/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 25.03
Low Date 10/13/2022
High 45.22
High Date 06/29/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 11.58
Low Date 03/19/2020
High 45.22
High Date 06/29/2026
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.