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Downtrend Broken Resist.Archive
- 8/28/2026 -
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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 for the CenterPoint Energy (CNP). During the week, the CNP gained 0.47 points, or 1.21%, and closed at 39.24 on Friday, August 28, 2026. CNP was trading at average weekly trading volume.
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 fifth 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 downtrend had started on July 28, 2026 at 45.26 and reached 38.45 on August 24, 2026. CNP lost 6.81 points, or 15.05%, in 3 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 37.84 and resistance is at 39.90. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a long-term trend.
 Medium-term trend: [See CNP medium-term trend chart]
A medium-term downtrend had started on August 19, 2026 at 41.53 and reached 38.45 on August 24, 2026. CNP lost 3.08 points, or 7.42%, in 0 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See CNP weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. 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 August 24, 2026 at 38.45 and reached 39.74 on August 28, 2026. CNP gained -1.29 points, or -3.36%, in 4 days. Price is near the Fibonacci 38.2% retracement level.
 Daily Technical Indicators: [See CNP daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since July 28, 2026. The distance between MACD and the signal line is low and getting smaller.
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