pool adsCenterpoint 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.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Strong | Neutral | Neutral |
| P1 | 30.04 | 29.63 | 28.11 |
| P2 | 30.46 | 31.11 | 29.93 |
| P3 | 30.81 | 32.46 | 31.63 |
Support and Resistance Plot Chart for CNP
Long Term Trading Plans for CNP
March 14, 2019, 7:30 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
The technical summary data tells us to buy CNP near 29.93 with an upside target of 31.63. This data also tells us to set a stop loss @ 29.67 to protect against excessive loss in case the stock begins to move against the trade. 29.93 is the first level of support below 30.41 , and by rule, any test of support is a buy signal. In this case, support 29.93 is being tested, a buy signal would exist.
CNP - (Short) Resistance Plan
The technical summary data is suggesting a short of CNP as it gets near 31.63 with a downside target of 29.93. We should have a stop loss in place at 31.89 though. 31.63 is the first level of resistance above 30.41, and by rule, any test of resistance is a short signal. In this case, if resistance 31.63 is being tested, a short signal would exist.
