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:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

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

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CNP
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CenterPoint Energy Inc stock upgraded to Hold/Accumulate.
(Updated on Mar 27, 2024)

Hold candidate since Mar 27, 2024 PDF

The CenterPoint Energy Inc stock price gained 3.89% on the last trading day (Wednesday, 27th Mar 2024), rising from $27.23 to $28.29. During the last trading day the stock fluctuated 3.21% from a day low at $27.42 to a day high of $28.30. The price has fallen in 7 of the last 10 days but is still up by 1.04% over the past 2 weeks. Volume fell on the last day by -110 thousand shares and in total, 5 million shares were bought and sold for approximately $155.18 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $28.36 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -2.72% during the next 3 months and, with a 90% probability hold a price between $25.85 and $27.59 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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CNP Signals & Forecast

The CenterPoint Energy Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $27.89 and $27.84. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 3.89%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation A buy signal from a double bottom formation was found on Tuesday, March 26, 2024 and based on theory for this formation the price should go up by 0.600% to $28.46 within 43 trading days since signal was issued (Thursday, March 28, 2024).

Support, Risk & Stop-loss for CenterPoint Energy Inc stock

CenterPoint Energy Inc finds support from accumulated volume at $27.89 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 $0.88 between high and low, or 3.21%. For the last week the stock has had daily average volatility of 1.78%.

Our recommended stop-loss: $27.15 (-4.02%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)

Trading Expectations (CNP) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect CenterPoint Energy Inc to open at $28.00, and during the day (based on 14 day Average True Range), to move between $27.81 and $28.77, which gives a possible trading interval of +/-$0.483 (+/-1.71%) up or down from last closing price. If CenterPoint Energy Inc takes out the full calculated possible swing range there will be an estimated 3.41% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $28.35 (0.21%) than the support at $27.89 (1.41%), 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.734 Hold/Accumulate Upgraded

Predicted Opening Price for CenterPoint Energy Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$28.00 ( 1.01%) $28.29

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for CNP

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 28.88 2.10 %
R2 28.55 0.91 %
R1 28.34 0.175 %
Current price: 28.29
Support S1 27.67 -2.20 %
S2 27.46 -2.94 %
S3 27.12 -4.12 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 28.57 0.99 %
R2 28.52 0.81 %
R1 28.35 0.212 %
Current price 28.29
Support S1 27.89 -1.41%
S2 27.87 -1.48%
S3 27.50 -2.79%

CNP Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 14, 2023 Feb 14, 2024 Mar 14, 2024 $0.200 0.717%
2 Sep 28, 2023 Nov 15, 2023 Dec 14, 2023 $0.200 0.673%
3 Jul 19, 2023 Aug 16, 2023 Sep 14, 2023 $0.190 0.656%
4 Apr 20, 2023 May 17, 2023 Sep 14, 2023 $0.190 0.656%
5 Dec 15, 2022 Feb 15, 2023 Mar 09, 2023 $0.190 0.681%

FAQ

What is the symbol for CenterPoint Energy Inc Stock and on which exchange is it traded?
The symbol for CenterPoint Energy Inc is CNP and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell CenterPoint Energy Inc Stock?
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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy CenterPoint Energy Inc Stock?
CenterPoint Energy Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy CenterPoint Energy Inc Stock.

What's the current price of CenterPoint Energy Inc Stock?
As of the end of day on the 2024-03-27, the price of an CenterPoint Energy Inc (CNP) share was $28.29.

What is the 52-week high and low for CenterPoint Energy Inc Stock?
The 52-week high for CenterPoint Energy Inc Stock is $31.44 and the 52-week low is $25.42.

What is the market capitalization of CenterPoint Energy Inc Stock?
As of the 2024-03-27, the market capitalization of CenterPoint Energy Inc is 17.198B.

When is the next earnings date for CenterPoint Energy Inc?
The upcoming earnings date for CenterPoint Energy Inc is Apr 25, 2024.
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About CenterPoint Energy Inc

CenterPoint Energy CenterPoint Energy, Inc. operates as a public utility holding company in the United States. The company operates through Electric and Natural Gas segments. The Electric segment includes electric transmission and distribution services to electric customers and electric generation assets, as well as assets in the wholesale power market. The Natural Gas segment provides natural gas distribution services, as well as home appliance maintenance and rep... CNP Profile

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