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Downtrend Broken Resist.Archive
- 10/9/2026 -
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CenterPoint Energy (CNP) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was a second positive week after 3 consecutive negative weeks for the CenterPoint Energy (CNP). During the week, the CNP gained 0.81 points, or 2.14%, and closed at 38.60 on Friday, October 9, 2026. Weekly volume was 26% above 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 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 (45.79) 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. 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 Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Lane's Stochastic 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 relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 38.75 on October 9, 2026. CNP gained -2.38 points, or -6.54%, in 10 days. The price is now at the 6.30% retracement level.
 Daily Technical Indicators: [See CNP daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic.
The daily MACD line is above its signal line since October 1, 2026. This is an indication that the short-term trend is up.
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.
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