CNP - What Centerpoint Energy is Telling us About its Future
The next move in a stock's price is often identifiable in advance. This Centerpoint Energy (NYSE: CNP) report attempts to do that, and in the process help investors learn how price acton can be revealing. Trading plans for CNP make these observations actionable, but the data on this page is not real time. If you want a real time update, or a different stock, please get one here Unlimited Real Time Reports .
Technical Summary
| Term ? | Near | Mid | Long |
|---|---|---|---|
| Bias | |||
| Strong | |||
| Neutral | |||
| Strong | |||
| P1 | |||
| 0 | |||
| 0 | |||
| 21.41 | |||
| P2 | |||
| 23.30 | |||
| 23.36 | |||
| 23.00 | |||
| P3 | |||
| 23.54 | |||
| 23.76 | |||
| 24.61 |
Long Term Trading Plans for CNP
April 12, 2021, 7:00 pm ET
The Technical Summary and Trading Plans for CNP help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this CNP Report.
CNP - (Long) Support Plan
The technical summary data tells us to buy CNP near 23.00 with an upside target of 24.61. This data also tells us to set a stop loss @ 22.93 to protect against excessive loss in case the stock begins to move against the trade. 23.00 is the first level of support below 23.34 , and by rule, any test of support is a buy signal. In this case, support 23.00 is being tested, a buy signal would exist.
CNP - (Short) Resistance Plan
The technical summary data is suggesting a short of CNP as it gets near 24.61 with a downside target of 23.00. We should have a stop loss in place at 24.68though. 24.61 is the first level of resistance above 23.34, and by rule, any test of resistance is a short signal. In this case, if resistance 24.61 is being tested, a short signal would exist.