CNP Technical Signal Analysis
CNP have 3 buy signals and 1 sell signal now. The current trend is consolidation starting from 2025-03-06. The total price change during this trend is +3.44%. Recently, the price has decreased but the volume has also decreased, indicating a potential rebound signal. The average turnover of CNP over last 5 trading day is $165,488,087.55
3 Bullish Signal
1 Bearish Signal
Name
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 > 0
0.93
Bullish
Momentum (10 days)
MOM_10 > 0
0.51
Bullish
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 > 0
0.43
Bullish
Name
Signal
Value
Meaning
Commodity Channel Index (20 days, 0.015 constant)
CCI_20_0.015 > 100
112.76
Bearish
3 Bullish Signal
Name
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 > 0
0.93
Bullish
Momentum (10 days)
MOM_10 > 0
0.51
Bullish
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 > 0
0.43
Bullish
CNP Support and Resistance Level
The support levels for CNP are at 33.45, 33.04, and 32.36, while the resistance levels are at 34.81, 35.22, and 35.9. With the current stock price at 34.565, it is leaning more toward the resistance levels.
CNP Technical Analysis
Technical Analysis of CNP Stock
Price Overview:
- Current Price: $34.26
- 20-Day SMA: $33.64
- 50-Day SMA: $32.56
- 200-Day SMA: $30.10
Technical Indicators:
- RSI (14): 58.84 (Neutral)
- MACD: 0.39 (Bullish Signal)
- Stochastic Oscillator: %K (42.41) crossing above %D (50.47) (Bullish Crossover)
Fibonacci Levels:
- Pivot Point: $34.04
- Resistance Levels: R1 ($34.65), R2 ($35.03)
- Support Levels: S1 ($33.43), S2 ($33.05)
Bollinger Bands:
- The stock is trading near the upper band, indicating potential volatility and a possible breakout.
Recent News Impact:
- Mizuho raised the price target to $34, and Wells Fargo maintains a Hold rating with a $35 target.
- Positive developments include regulatory settlements and earnings growth.
- ERCOT approval for emergency generation units is expected to benefit customers and enhance the company's stability.
Conclusion:
The technical indicators suggest a bullish trend with room for upside. The stock is trading above key moving averages and Fibonacci levels, with supportive MACD and Stochastic signals.
Recommendation: Buy CNP stock at the current price of $34.26, targeting $35.03 with a stop-loss at $33.43.
CNP FAQs
Which bull technical signals does CNP have?
Which bearish technical signals does CNP have?
How reliable is technical analysis?
How can I use moving averages to set entry and exit points for CNP stock?
Is CNP a buy based on overall technical signals summary?
CNP Buy or Sell
CNP has 3 buy signals and 1 sell signals now. Overall the technical rating for CNP is Buy.
Buy
Sell
1
Buy
3
CNP Moving Average
This analysis outlines the stock's performance across different time frames using Simple Moving Averages (SMA). In the swing, the stock shows a positive trend with the 34.565 above the SMA_5. In the short term, the stock shows a positive trend with the 34.23 above the SMA_20. In the mid term, the stock shows a positive trend with the 33.96 above the SMA_60. In the long term, the stock shows a positive trend with the 32.72 above the SMA_200.
Swing
Positive
Stock Price Above SMA_5
Short Term
Positive
SMA_5 Above SMA_20
Mid Term
Positive
SMA_20 Above SMA_60
Long Term
Positive
SMA_60 Above SMA_200
Free Financial AI Agent for Investment
Ask any investment related question and get answer instantly
What do technical indicators suggest about CNP's current trend?What are CNP's key support and resistance levels?