CenterPoint stock: buy or sell

CNP stock price: $25.66 -0.12% At close on Jul 28th, 2021

Updated on:
Jul 29th, 2021

2

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 setupBuy pointStop lossRisk
Uptrend buy setup$26.18$23.5610.00%

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)

SMAs overview

CNP stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $25.80 (0.55% above)
  • R2: $26.00 (1.33% above)
  • R3: $26.02 (1.40% above)
  • The current support levels are:

  • S1: $25.63 (-0.12% below)
  • S2: $25.53 (-0.51% below)
  • S3: $25.10 (-2.18% below)
  • Bollinger bands

    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

    CNP stock Bollinger Bands chart

    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

    CNP stock RSI chart

    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

    CNP stock price history chart

    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

    CNP performance compared
    Company1m3m6m
    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

    CenterPoint summary

    Wednesday, July 28th, 2021
    Open$25.71
    Close$25.66
    Day range$25.47 - $25.79
    Previous close$25.69
    Session gain-0.12%
    Average true range$0.59
    50d mov avg$25.12
    100d mov avg$24.11
    200d mov avg$22.79
    Earnings dateAugust 5th, 2021

    Frequently asked questions

    What is CenterPoint Energy stock symbol?

    CenterPoint Energy, Inc. is a public company trading in the US stock market with the CNP symbol

    Is CenterPoint Energy stock a buy or sell?

    CenterPoint Energy had no ratings in the last 4 weeks Read the article to get additional tips on trading CNP stock.

    Will CNP go up?

    There were no forecasts published by market analysts in the last 30 days for CenterPoint Energy.