Centerpoint Energy $CNP Technical Update

The Centerpoint Energy (NYSE: CNP) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for CNP, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

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Technical Summary

Term →Near Mid Long
Bias Strong Neutral Neutral
P1 27.34 26.34 26.28
P2 28.03 27.49 28.06
P3 28.66 28.64 29.81

Long Term Trading Plans for CNP

November 9, 2018, 1:30 am ET

The Technical Summary and Trading Plans for CNP help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this CNP Report.

CNP - (Long) Support Plan

Buy over 26.28 target 28.06 stop loss @ 26.02.
The technical summary data tells us to buy CNP near 26.28 with an upside target of 28.06. This data also tells us to set a stop loss @ 26.02 to protect against excessive loss in case the stock begins to move against the trade. 26.28 is the first level of support below 27.94 , and by rule, any test of support is a buy signal. In this case, support 26.28 would be being tested, so a buy signal would exist.

CNP - (Short) Resistance Plan

Short under 28.06 target 26.28 stop loss @ 28.32.
The technical summary data is suggesting a short of CNP as it gets near 28.06 with a downside target of 26.28. We should have a stop loss in place at 28.32 though. 28.06 is the first level of resistance above 27.94, and by rule, any test of resistance is a short signal. In this case, if resistance 28.06 is being tested, so a short signal would exist.

CNP Long Term Analysis

CNP EPS Analysis

CNP Dividend Chart

CNP Revenue chart

CNP Growth rate - Quarterly

CNP Growth rate - Yearly

CNP PE chart

CNP PEG chart