CENTERPOINT ENERGY INC HOLDING CO

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- 15 min delayed data - NYSE Stocks

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Type:	Stocks
Ticker:	CNP
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CENTERPOINT ENERGY INC HOLDING CO - Daily - Technical analysis published on 11/21/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
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CENTERPOINT ENERGY INC HOLDING CO - Daily

Summary of the analysis

Trends

Court terme: Strongly bearish

De fond: Strongly bearish

Technical indicators

17%

72%

11%

My opinion

Bearish under 25.00 USD

My targets

21.84 USD (-10.67%)

20.02 USD (-18.12%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CENTERPOINT ENERGY INC HOLDING CO as long as the price remains well below 25.00 USD. The sellers” bearish objective is set at 21.84 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 20.02 USD. In case of crossing, the next objective would be the support located at 16.14 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

FORCE

7.5

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CENTERPOINT ENERGY INC HOLDING CO price is 24.45 USD. On the day, this instrument lost -3.51% with the lowest point at 24.37 USD and the highest point at 25.10 USD. The deviation from the price is +0.33% for the low point and -2.59% for the high point.

24.37

25.10

24.45

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New LOW record (1 year)

Type : Bearish

Timeframe : Weekly

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Technical

Technical analysis of this Daily chart of CENTERPOINT ENERGY INC HOLDING CO indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a strong bearish signal.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Daily

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal support

Type : Bullish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Bullish engulfing lines

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	16.14	20.02	21.84	24.45	25.00	25.85	27.27
Change (%)	-33.99%	-18.12%	-10.67%	-	+2.25%	+5.73%	+11.53%
Change	-8.31	-4.43	-2.61	-	+0.55	+1.40	+2.82
Level	Minor	Minor	Minor	-	Major	Minor	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	24.41	24.61	24.97	25.17	25.53	25.73	26.09
Camarilla	25.19	25.24	25.29	25.34	25.39	25.44	25.49
Woodie	24.50	24.65	25.06	25.21	25.62	25.77	26.18
Fibonacci	24.61	24.82	24.95	25.17	25.38	25.51	25.73

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	20.23	22.52	23.85	26.14	27.47	29.76	31.09
Camarilla	24.19	24.53	24.86	25.19	25.52	25.85	26.18
Woodie	19.76	22.28	23.38	25.90	27.00	29.52	30.62
Fibonacci	22.52	23.90	24.76	26.14	27.52	28.37	29.76

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	25.13	26.35	27.54	28.76	29.95	31.17	32.37
Camarilla	28.07	28.30	28.52	28.74	28.96	29.18	29.40
Woodie	25.12	26.34	27.53	28.75	29.94	31.16	32.36
Fibonacci	26.35	27.27	27.84	28.76	29.68	30.25	31.17

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	23.97
MACD (12,26,9):	-0.9300
Directional Movement:	-34.93
AROON (14):	-85.71
DEMA (21):	26.09
Parabolic SAR (0,02-0,02-0,2):	27.42
Elder Ray (13):	-1.85
Super Trend (3,10):	26.94
Zig ZAG (10):	24.45
VORTEX (21):	0.6700
Stochastique (14,3,5):	5.49
TEMA (21):	25.33
Williams %R (14):	-98.25
Chande Momentum Oscillator (20):	-4.13
Repulse (5,40,3):	-4.8200
ROCnROLL:	2
TRIX (15,9):	-0.2500
Courbe Coppock:	20.48

MA7:	25.95
MA20:	27.71
MA50:	28.49
MA100:	28.23
MAexp7:	25.76
MAexp20:	27.12
MAexp50:	27.92
MAexp100:	28.22
Price / MA7:	-5.78%
Price / MA20:	-11.76%
Price / MA50:	-14.18%
Price / MA100:	-13.39%
Price / MAexp7:	-5.09%
Price / MAexp20:	-9.85%
Price / MAexp50:	-12.43%
Price / MAexp100:	-13.36%

News

The latest news and videos published on CENTERPOINT ENERGY INC HOLDING CO at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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