Stock Analysis: Centerpoint Energy Inc (CNP)

Stock Analysis for Centerpoint Energy Inc (CNP)

The Interpreter
Hey Friend, I'm analysing CENTERPOINT ENERGY INC (CNP), and it is between the Support of $ 29.10 (Triangle Projection Level 2) and the Resistance of $ 29.38 (Triangle Projection Level 0). The stock is pointing upwards and could come close and reach $ 29.38 soon.

Centerpoint Energy Inc (CNP)

$ 29.15 -0.3%

Last Close 30-Apr-24

Trade CNP Now

Supports

Next Support: $ 29.10

Pivot: $ 28.88
Fibonacci 161.8%: $ 29.03
Triangle Level (2): $ 29.10

Resistances

Next Resistance: $ 29.38

Pivot R1: $ 29.40
Fibonacci 200%: $ 29.49
Triangle Level (0): $ 29.38

Supports and Resistances

Click to Enlarge

Candlesticks, "48-hour" Trade Signals +

Date	Price $	Result %	Candle Name	Side
001 08 Apr 2024	Buy Price: 28.22	Profit: Open Day1 ($ 28.31)	Abandoned Baby	Buy
002 04 Mar 2024	Buy Price: 27.94	Profit: Open Day1 ($ 28.04)	Engulfing	Buy
003 06 Feb 2024	Buy Price: 27.61	Profit: Open Day1 ($ 27.77)	Piercing Line	Buy
004 10 Jan 2024	Buy Price: 29.25	Loss: Close Day2 ($ 28.57)	Engulfing	Buy
005 04 Jan 2024	Sell Price: 29.08	Profit: Open Day1 ($ 29.03)	Dark Cloud Cover	Sell
006 29 Nov 2023	Sell Price: 27.89	Loss: Close Day2 ($ 28.79)	Engulfing	Sell
007 18 Aug 2023	Buy Price: 28.19	Profit: Close Day1 ($ 28.28)	Engulfing	Buy
008 09 Aug 2023	Buy Price: 28.99	Profit: Open Day1 ($ 29.07)	Piercing Line	Buy
009 02 Aug 2023	Buy Price: 29.74	Loss: Close Day2 ($ 29.03)	Engulfing	Buy
010 02 Aug 2023	Buy Price: 29.80	Loss: Close Day2 ($ 29.03)	Piercing Line	Buy
011 30 Jun 2023	Buy Price: 29.15	Profit: Close Day1 ($ 29.45)	Abandoned Baby	Buy
012 21 Jun 2023	Buy Price: 29.43	Profit: Open Day1 ($ 29.52)	Engulfing	Buy
013One Year Average	Both Sides Result for 12 Signals	Loss: $ -2.10 ($ -0.18 / Signal) -7.3% Gross in 1 Year	All of Them	Buy + Sell

Trading Rules for Candlesticks Patterns.

Buy or Sell on the same day of the signal, during the after-hours trading session.
Watch the Opening and Closing of the next 2 days (4 in total).
Immediately exit the Trade when one of them (Open or Close, Day 1 or 2) gives you a profit.
The table above will show the first Profit opportunity, but not in real-time. Therefore, you must watch the market in real-time with your broker.

Remember: The returns an asset made in the past don't mean that future returns will be the same.

Backtest Lab, "Buy The Dip" Trade Signals +

Find The Lastest Buy Signals for CNP Below.

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The Latest Trade Signals

Moving Averages +

Bought Moving Averages

Sold Moving Averages

Simple Moving Averages (SMA) Period	Value $	Signal	Exponential Moving Averages (EMA) Period	Value $	Signal
2	29.18	SELL	2	29.14	BUY
3	29.07	BUY	3	29.12	BUY
5	29.13	BUY	5	29.04	BUY
8	28.96	BUY	8	28.87	BUY
13	28.42	BUY	13	28.66	BUY
21	28.27	BUY	21	28.45	BUY
34	28.16	BUY	34	28.29	BUY
55	28.04	BUY	55	28.19	BUY
90	28.11	BUY	90	28.14	BUY
200	28.17	BUY	200	28.29	BUY

Company Info +

Name & IPO

Centerpoint Energy Inc
IPO: 1943-08-16

Stock Ticker & Exchange

Ticker: CNPIndices: S&P 500,
Exchange: New York Stock Exchange, Inc. (US - USD)

Contact

Website: https://www.centerpointenergy.com/
Phone:

Stock Type

Common Stock

SIC Office

Energy & Transportation ()

Industry

Electric Services

EIN

Fiscal Year End

State of Inc.

Balance Sheets +

in USD millions (if not decimal) - Dictionary

Income Statement +

in USD millions (if not decimal) - Dictionary

Statements sources
The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.