Yesterday's candle tested two fibonacci levels to close above the .382 level. Also the MACD is crossing and the 9ema is also crossing the 20 ema showing a strong short term up trend. The RSI is still cool.
I think CNP will return to its prior highs sooner than later.
Targeting: $25.81, $26.16
CenterPoint Energy, Inc. CNP
Technical Pattern: Head and Shoulders Top
Long Term Target:15.71
Idea Generated at:Mar 8, 2021
This stock has formed a pattern called Head and Shoulders Top, providing a target price for the long-term in the range of 15.30 to 16.20.
Hey guys, CENTERPOINT ENERGY is in a bullish momentum with a return of buying volume traded in a hammer candle shape. In TIMEFRAME M1 we see a candle an upside down tombstone and a weak explosion on the purchase volume made. It bounced off the base of the bollinger to test it, then went to its high again and went to the top of the consolidation zone to check it....
It has been a while since my last post but so what. You only want me for my huge sack anyway! Not sure if you have been watching but energy has been on a move lately. It is moving for several reasons, super cold weather in the USA, reduced global production, and my favorite inflation. Looking at the chart I have placed two different potentials.
First, and what I...
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CNP (CENTERPOINT ENERGY INC) has created symmetrical triangle on small frame. There was a strong bullish sentiment before and now the price is in consolidation.
We don't predict, we react. So follow the chart and look for the breakout carefully.
If you enjoy my FREE...
Long and short CNP
Activation of the transaction only when the blue zone is fixed/broken.
Working out the support and resistance levels of the consolidation zone.
* Possible closing of a trade before reaching the take/stop zone. The author can close the deal for subjective reasons, this does not completely cancel the idea and is not a call to the same action,...
the weekly chart of this market shows that it will experience a downtrend with a high probability in the coming days but also we must be vigilant of the change of direction
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CNP CenterPoint Energy, Inc. USA, Utilities - Regulated Gas
Market Cap 9.22B EPS (ttm) -1.10
EPS this Y 81.30 %
Forward P/E 13.43 EPS next Y 3.30%
EPS past 5Y -1.20 %
P/S 0.84 EPS next 5Y -4.52 %
Dividend 3.31% Sales Q/Q -2.80 %
Insider Own 0.30% Inst Own 86.70%
Insider Trans -0.06% Inst...
Centerpoint Energy stock reached my original PT of $27 and it has formed an Ascending Triangle, so for this reason i think the stock is ready to break out soon and i'm bumping my PT to $31-32 per share
1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend.
2. The angle tool is applied from the earliest two trend touch points, beginning at the earliest touch point.
3. A trend-based...