CenterPoint stock: buy or sell

CNP stock price: $24.29 0.25% At close on Apr 21st, 2021

Updated on:
Apr 22nd, 2021

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CenterPoint stock brief

  • CenterPoint Energy stock slightly moved 0.25% to close at $24.29 on the stock market on Wednesday.
  • 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?

Currently, CenterPoint Energy stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for $CNP in the next few days, or that it may not climb higher. Simply, it doesn't match our recommended trading systems

Should I sell CenterPoint Energy stock?

How to know when is it time to sell CenterPoint Energy?. In the same way as when we have to buy shares, deciding when is appropiate time to sell is not a whimsical decision, and we must use our own trading style. When selling, as well as buying, our setups are very easy to follow but are only valid for selling stocks you already own, not for shorting CenterPoint Energy stock

A guiding principle is that you should never hold an investment that results in greater losses than those expected at the time of the buy. The timing to sell shares should always 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 hold CenterPoint Energy stock and your operation is in profit probably is not time to sell now

CenterPoint Energy ratings

In the last 30 days, just one analyst rating was published for CenterPoint Energy

CenterPoint Energy analysts' ratings - Last 30 days
Brokerage firmRating
Apr 16th, 2021
Credit Suisse Group Buy

CenterPoint Energy stock analysis

SMAs overview

CNP stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $24.41 (0.49% above)
  • R2: $24.53 (0.99% above)
  • R3: $24.63 (1.40% above)
  • The current supports are:

  • S1: $24.25 (-0.16% below)
  • S2: $24.22 (-0.29% below)
  • S3: $23.99 (-1.24% below)
  • Bollinger bands

    The price is trading near to the upper Bollinger band, signaling some level of overbought in recent sessions. This is not a sell signal, as price can move in these levels for many days and weeks

    CNP stock Bollinger Bands chart

    Relative strength index

    Crossed up the 70 level Wednesday, marking a reading of 71.85. The fact that the value is in the overbought zone does not in any way imply a sell point, as shares can rally during several weeks being in the overvalued zone

    CNP stock RSI chart

    CenterPoint Energy stock price history

    CenterPoint Energy went public on Jan 2nd, 1962 priced at $0.00 per share1. Since then, CNP stock surged by -, with an average of 0.00% per year. An investment of thousand dollars on the IPO would be valued $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 publish their analysis predicting how a particular stock will performance in the future.

    Along with buy or sell recommendations, brokerage institutions release their price target based on the stock price action and the company fundamental data. Most of these forecasts follow the publication of new financial information by the company, and many times. Again, these predictions are not direct recommendations for small investors and must not be followed blindly.

    There is just one price target available for CenterPoint Energy that predicts a price of $28.00.

    CenterPoint Energy stock price predictions
    Brokerage firmPrice target
    Apr 16th, 2021
    Credit Suisse Group $25.00$28.00

    Earnings and financials

    CenterPoint Energy, Inc. ($CNP) came out with quarterly earnings of $0.29 per share last February, strongly upping the Wall St consensus estimate of $0.20 per share. This Q4 report means an earnings surprise of 45.00%. Sales resulted of $2.1 billion compared to $2.4 billion estimated by market consensus.

    This compares to Earnings of $0.45 per share same quarter last year, so current EPS means a reduction of -35.56%. Looking at sales, figures collapsed a -36.41% compared to $32.3B year over year.

    CenterPoint ($CNP) is hosting the quarterly earnings call next Thursday. Wall Street predicts of $0.54, compared to previous quarter that was $0.29.

    CenterPoint Energy performance

    CNP performance compared
    Company1m3m6m
    CenterPoint Energy ($CNP) 10.90% 13.70% 17.70%

    Disclaimer:
    The comments expressed in this article are personal and should not be followed as recommendations for you to buy or sell shares. The author of this report does not have any knowledge of the individual circumstances of the reader, his or her financial statements 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 Viewpoints are provided for informational purposes only

    CenterPoint summary

    Wednesday, April 21st, 2021
    Open$24.28
    Close$24.29
    Day range$24.08 - $24.36
    Previous close$24.23
    Session gain0.25%
    Average true range$0.48
    50d mov avg$21.89
    100d mov avg$21.73
    200d mov avg$21.01
    Earnings dateMay 6th, 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 one rating in the last four weeks Read the article to get additional tips on trading CNP stock.

    Will CNP go up?

    CenterPoint Energy had different price predictions issued by market analysts in the last 4 weeks setting the target price to $28.00. That is a 15.27% than the last price ($24.29).