CenterPoint Energy Inc Forecast and Stock Analysis
Technical CNP stock analysis for April 18, 2019.
|Shorts||3.20% ( 2019-03-29 )|
CenterPoint Energy Inc gained 0.93% in the last trading day, rising from $30.01 to $30.29 The price has fallen in 6 of the last 10 days and is down by -0.79% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.79 million more shares were traded than the day before. In total, 3.79 million shares bought and sold for approximately $114.77 million.
Close price at the end of the last trading day (Thursday, 18th Apr 2019) of the CNP stock was $30.29. This is 0.93% more than the trading day before Wednesday, 17th Apr 2019.
During day the stock fluctuated 1.16% from a day low at $30.11 to a day high of $30.46.
30 day high of the CNP stock price was $31.07 and low was $29.96.
90 day high was $31.42 and low was $29.08.
52 week high for the CenterPoint Energy Inc - $31.42 and low - $24.81.
Given the current horizontal trend you can expect CenterPoint Energy Inc with 90% probability to be traded between $29.99 and $31.37 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
A buy signal was issued from a pivot bottom point on Wednesday April 17, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. CenterPoint Energy Inc holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $30.45. On a fall, the stock will find some support from the short-term average at $30.29. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSI14 is 42 and the stock is currently not being overbought or oversold
Support & Resistance
CenterPoint Energy Inc finds support from accumulated volume at $30.17.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.35 (1.16%) between high and low. For the last week, the stock has had a daily average volatility of 1.38%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
CenterPoint Energy Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
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|CNP $30.29 ($0.28 0.93%)|
CNP is up $0.28 today, but where's it headed in 2019?
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