Centerpoint Energy, Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Weaker technical forecast for Centerpoint Energy, Inc. as stock downgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)
The Centerpoint Energy, Inc. stock price gained 1.62% on the last trading day (Friday, 28th Jun 2024), rising from $30.31 to $30.80. During the last trading day the stock fluctuated 0.704% from a day low at $30.71 to a day high of $30.93. The price has risen in 5 of the last 10 days and is up by 0.08% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 1 thousand shares were bought and sold for approximately $41.06 thousand.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 12.23% during the next 3 months and, with a 90% probability hold a price between $33.55 and $35.44 at the end of this 3-month period.
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0HVF.L Signals & Forecast
The Centerpoint Energy, Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $30.84. On a fall, the stock will find some support from the long-term average at approximately $30.29. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Centerpoint Energy, Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen -1.75%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Wednesday, March 27, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Wednesday, March 27, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Centerpoint Energy, Inc. stock
Centerpoint Energy, Inc. finds support from accumulated volume at $30.46 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.216 between high and low, or 0.704%. For the last week the stock has had daily average volatility of 0.602%.
Our recommended stop-loss: $29.62 (-3.84%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (0HVF.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Centerpoint Energy, Inc. to open at $30.81, and during the day (based on 14 day Average True Range), to move between $30.42 and $31.18, which gives a possible trading interval of +/-$0.378 (+/-1.23%) up or down from last closing price. If Centerpoint Energy, Inc. takes out the full calculated possible swing range there will be an estimated 2.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $30.80 (0.01%) than the support at $30.46 (1.10%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Centerpoint Energy, Inc. stock A Buy?
Centerpoint Energy, Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Centerpoint Energy, Inc. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $30.81 ( 0.0474%) | $30.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0HVF.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 31.03 | 0.749% |
| R2 | 30.95 | 0.481% |
| R1 | 30.90 | 0.316% |
| Price | 30.80 | |
| S1 | 30.73 | -0.221% |
| S2 | 30.68 | -0.386% |
| S3 | 30.60 | -0.655% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 31.35 | 1.79% |
| R2 | 30.81 | 0.0325% |
| R1 | 30.80 | 0.0127% |
| Price | 30.80 | |
| S1 | 30.46 | -1.10% |
| S2 | 29.23 | -5.10% |
| S3 | 28.17 | -8.54% |
0HVF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 15, 2024 | May 15, 2024 | Jun 13, 2024 | $0.200 | 0.650% |
| 2 | Feb 15, 2024 | Feb 15, 2024 | Mar 14, 2024 | $0.200 | 0.721% |
| 3 | Feb 14, 2024 | Feb 14, 2024 | Mar 14, 2024 | $0.200 | 0.721% |
| 4 | Nov 15, 2023 | Nov 15, 2023 | Nov 15, 2023 | $0.200 | 0.720% |
| 5 | Aug 16, 2023 | Aug 16, 2023 | Aug 16, 2023 | $0.190 | 0.669% |
FAQ
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