CenterPoint stock: buy or sell
Jul 29th, 2021
CenterPoint stock brief
- CenterPoint Energy stock scarcely changed -0.12% to close at $25.66 on the stock market on Wednesday, breaking a streak of 3 sessions in positive.
- The stock is configuring an uptrend pattern since last February, when it bottomed at $19.18. Up to date, price marked a 33.79% profit since the beginning of this rally
- CenterPoint Energy, Inc. operates as a public utility holding company in the United States. The company operates through Electric, Natural Gas, and Midstream Investments segments.
Should I buy CenterPoint Energy stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $CNP stock a buy?
In the current situation of CenterPoint Energy there is just one buy setup eligible:
Uptrend buy setup
CenterPoint Energy stock continues to trend higher since last February and marked a gorgeous 33.79% gain. Price marked a local bottom in this uptrend at $24.23 in late June, and since then it bounced off a 5.90%. Now, it's only 2.03% away from breaking out over its last top and resume the uptrend. The new buy point is therefore at $26.18. If you decide to enter this trade, the suggested stop loss is at $23.56
|Buy setup||Buy point||Stop loss||Risk|
|Uptrend buy setup||$26.18||$23.56||10.00%|
Should I sell CenterPoint Energy stock?
Knowing when to sell a stock is even more difficult than knowing when to buy it. Much like when we have to buy shares, choosing when is appropiate time to sell is not a fickle decision, and we must use our own trading strategy. We like very simple setups to guide us on when is a good time to sell a stock. Be aware that these setups are not intended for shorting CenterPoint Energy stock
As a golden rule, you should never mantain a trading operation that results in higher than expected losses by the time of the buy. When to sell your stock always has to be dictated by the stop-loss (automatic or manual)
Is it time to sell CenterPoint Energy stock?
Currently, CenterPoint Energy stock doesn't match any of our preferred sell setups, so if you own CenterPoint Energy stock and your operation is in profit probably is not time to sell now
CenterPoint Energy ratings
In the last 30 days we couldn't find any rating for CenterPoint Energy
CenterPoint Energy stock analysis
CenterPoint Energy shares started an uptrend last February, and gained a gorgeous 33.79%. During this uptrend, the price gave some entry points on the breakouts. Latest low was in late June, when price bounced at $24.23. Currently, the price moves in a consolidation between its last top ($26.18) and its last bottom ($24.23)
Supports and resistances
The current resistance levels are:
The current support levels are:
The actual distance between the upper and lower bands is 4.82%, indicating that price volatility is low. Reduced volatility is often the antecedent to a sudden movement (up or down), so we must be alert and manage our buy or sell orders correctly
Relative strength index
The RSI dropped below the overbought level of 70 in mid-June after just crossing to the overbough zone for a single day (weak signal). The RSI value on Wednesday was 58.46. CenterPoint Energy shares went down a 1.87% since RSI lost the overbought zone
CenterPoint Energy stock price history
CenterPoint Energy started trading on Jan 2nd, 1962 at $0.00 per share1. Since then, CNP stock surged by -, with an average of 0.00% per year. An investment of thousand dollars at that time would worth $inf today.
1: Adjusted price after possible price splits or reverse-splits
Price target for CenterPoint Energy stock
Nobody knows how much a stock will be priced tomorrow. Banks and financial organisations post their analysis forecasting how a stock will performance in the future.
The following table shows the price target posted by analysts over the last 30 days. Again, these targets are not direct recommendations for individual traders and should not be followed blindly.
In the last month we couldn't find any price target posted for CenterPoint Energy stock.
Earnings and financials
CenterPoint Energy ($CNP) hosted the quarterly financial call and presented the report last May. CenterPoint beat analysts estimates and posted of $0.59, that is a 11.32% improvement compared to the forecasts of $0.53. Similarly, reported revenues were $2.5 billion versus estimates of $2.4 billion.Same quarter last year, reported EPS was $0.65, so recently reported EPS is a decrease of -9.23%. Sales exploded a 17.54% on an annualized basis in the , from $21.7B to $25.5B last quarter.
CenterPoint ($CNP) is presenting earnings report on Thursday next week. Analysts expect of $0.25, that is a 57.63% less than Q1.
CenterPoint Energy performance
|CenterPoint Energy ($CNP)||4.20%||7.60%||23.90%|
Please read:The opinions published in this article are personal and not recommendations for you to buy or sell shares. The author of this document does not have an understanding of the particular scenarios of the reader, his or her finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are expressed for general educational motives only
|Wednesday, July 28th, 2021|
|Day range||$25.47 - $25.79|
|Average true range||$0.59|
|50d mov avg||$25.12|
|100d mov avg||$24.11|
|200d mov avg||$22.79|
|Earnings date||August 5th, 2021|