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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- 6/27/2025 -
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CenterPoint Energy (CNP) Technical Analysis

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Summary:
Weekly :Broken trend support lineOversold sectorBroken trend resistance line
Daily :Broken trend resistance lineStochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR
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It was a first positive week after 4 consecutive negative weeks for the CenterPoint Energy (CNP). During the week, the CNP gained 0.63 points, or 1.76%, and closed at 36.37 on Friday, June 27, 2025. CNP was trading at average weekly trading volume.

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 October 13, 2022 at 25.03 and reached 39.31 on May 6, 2025. CNP gained -14.28 points, or -57.05%, in 133 weeks. The chart has formed a Rectangle chart pattern. The uptrend resistance line (25.46) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 resistance line in a long-term trend.

Medium-term trend: [See CNP medium-term trend chart]
A medium-term uptrend had started on August 15, 2024 at 25.41 and reached 39.31 on May 6, 2025. CNP gained -13.90 points, or -54.70%, in 37 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (37.33) 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 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 30, 2025. 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 May 6, 2025 at 39.31 and reached 35.52 on June 18, 2025. CNP lost 3.79 points, or 9.64%, in 43 days. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (34.98) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a short-term trend.

Daily Technical Indicators: [See CNP daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 link to access Lane's Stochastic help.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.47
Williams' Percentage Range (W%R) 46.40
Lane's Stochastic (%D-Slow) 71.64
Greed/Fear Indicator (GFI) 57.22
Moving Average Converg./Diverg. (MACD) -0.29
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.98
Williams' Percentage Range (W%R) 36.70
Lane's Stochastic (%D-Slow) 35.58
Greed/Fear Indicator (GFI) 49.25
Moving Average Converg./Diverg. (MACD) 1.60
Trading Signals
Description Value Chart
Monthly Trendline Resistance 41.10
Upper Bollinger Band 37.53
Monthly Trendline Support 37.33
50 Day Moving Average 37.19
Weekly Stochastic Crossing 36.66
Daily Stochastic Crossing 36.46
20 Day Moving Average 36.46
Price 36.37
Weekly Trendline Resistance 36.10
Parabolic System 35.72
Lower Bollinger Band 35.44
Weekly Trendline Support 34.98
Quarterly Trendline Resistance 31.69
Sector and Industry
Description Name Rank
Sector Utilities 2
Industry Multi-Utilities 27
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 35.52
Low Date 06/18/2025
High 36.79
High Date 06/27/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 36.10
Support 34.98
High 39.31
High Date 05/06/2025
Low 35.52
Low Date 06/18/2025
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 41.10
Support 37.33
Low 25.41
Low Date 08/15/2024
High 39.31
High Date 05/06/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rectangle
Status Broken Resistance
Resistance 31.69
Support 25.46
Low 25.03
Low Date 10/13/2022
High 39.31
High Date 05/06/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 11.58
Low Date 03/19/2020
High 39.31
High Date 05/06/2025
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.