The PEAD projected a Neutral outlook for $CNP after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 60%.
Shares of CenterPoint Energy Inc. CNP, +0.33% inched 0.33% higher to $30.45 Friday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX, +0.41% falling 0.73% to 3,934.38 and Dow Jones Industrial Average DJIA, +0.71% falling 0.90% to 33,476.46. The stock's rise snapped a two-day losing streak. CenterPoint...
The dividend payment is safe.
The utility sector outperform the S&P 500.
CenterPoint Energy also has a projected 6-8% adjusted utility EPS long-term growth from 2021 to 2025.
The new CEO has highly impressed us with his energy, vision, and passion for the business. We fully expect him to drive outperformance for the company.
CNP made a great deal with ET to unload...
The PEAD projected a Neutral outlook for $CNP after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 55.56%.
CNP has been in this up channel for awhile, constantly it has been rejected at the upper channel line
I believe it will breakout this time however with a test of a previous support in red
Green bars pattern showing the breakout to red line
Price closed above the (weekly) trend line in addition to breaking out of the rising wedge on the daily.
The close above 1 Fibonacci level and 32.67 (prior resistance) is a bullish signal, especially given the strength of the candle.
D+ crossed th D- indicator on the ADX and the MACD is also curling up for a MACD cross.
Force Index (13), (2) are both...
The PEAD projected a Bullish outlook for $CNP after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 57.14%.
Utility sector has been very strong over the year. The oil price appears to go up next year and is going to push the energy sector stocks higher. The double bottom in the weekly timeframe is pushing the price higher and the symmetrical triangle is about to break to the upside.
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
Outlook:Bearish
Long Term Target:15.71
Current Price:20.75
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.
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,...
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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Today we want to give you one more opportunity to win and make money.
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...
cnp support resistance and trend line
Note to everyone: this is not a signal to buy or sell
I just share my idea
So do your best by make best decision
I hope you have profit trade
