CenterPoint Energy Technical Analysis (NYSE:CNP)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The CNP stock chart pattern can give those who understand technical analysis an indication of which way CNP stock is headed, but cannot predict with 100% certainty as to what can happen to the CenterPoint Energy stock price.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for CenterPoint Energy. Technical analysis uses an approach for CenterPoint Energy stock analysis that does not care for the fair value of a company but uses price and volume data only.
CenterPoint Energy Moving Average
Moving averages show the average price of CNP stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $28.05 is below the last closing price of $28.22 and the 50 day moving average of $27.24 is below the last closing price of $28.22. The 10 and 20 day periods can predict short term moving average trends.
CenterPoint Energy Bollinger Bands
Bollinger bands comprise of a center line usually CNP SMA, and two CNP stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. CenterPoint Energy bollinger bands show that the stock price is $28.22, upper band is 28.5, lower band is 27.6, and the average is 28.05.
CenterPoint Energy Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The CenterPoint Energy MACD line is above the signal line.
CenterPoint Energy Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . The relative strength index of CNP stock is 56.44.