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Takip Edin: @UscMarketsCNP Stock Forecast & CenterPoint Energy Chart Analysis
This article provides a detailed analysis of CNP-CenterPoint Energy stock including a forecast for CNP shares. It features CenterPoint Energy, Inc. technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
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CNP Historical Data Review
CNP Current Price Performance Analysis
The CenterPoint Energy - CNP stock traded on the American stock market, on 06-05-2024, closed at 30.43$ with a %-1.33 decreased compared to the previous day.
In the last month, the price of CNP changed by %3.79 increased in value, from 29.32 dollars on 05-06-2024 to 30.43 dollars, increased.
Last year, the price of CNP was 28.56 dollars on 06-06-2023, and changed by %6.55 increased in value, to 30.43 dollars increased within a year.
The price of CenterPoint Energy stock is riding high above the 50-day and 100-day moving averages. This means it's on a positive run for now, great news for those who got in early. But let's not take our eyes off the ball; no stock climbs forever.
CNP with AI Stock Forecast & Price Target
On the CNP chart CenterPoint Energy price was recorded as 30.43 Dollars on 06/05/2024.
The artificial intelligence's forecast on CNP stock is as follows.
The artificial intelligence's prediction error margin for CNP stock is very high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for CenterPoint Energy stock over the next 4 months is: 27.0 Dollars.
The commentary on CNP stock Target Price: Highest: 29.657 Dollars is predicted.
The commentary on CNP stock Target Price: Lowest: 25.34 Dollars is predicted.
Resistance Price where CenterPoint Energy stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 06-20-2024 | 29.657 |
| 10-03-2024 | 27.485 |
| 12-12-2024 | 27.250 |
| 02-25-2025 | 27.425 |
Support Price where CenterPoint Energy stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-09-2024 | 25.340 |
| 11-12-2024 | 26.768 |
| 01-21-2025 | 25.940 |
The commentary on CNP stock: The target price can generally be said to be on the decline.
The commentary on CNP stock: Fluctuations in the target price can be expected in the coming days.
The target price for CenterPoint Energy stock by the end of 2024 is predicted to be 26.941 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on CNP stock, and the 2024 target price predictions for CenterPoint Energy are detailed above.
The technical analysis and charts for the commentary on CNP stock are below.
CNP Support & Resistance and Trend Analysis
CNP stock you have reviewed the technical analysis support resistance charts regarding.
CNP : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the CNP review, the CenterPoint Energy support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
CenterPoint Energy Support and Resistance Prices:
| CNP Support Level Price | CNP Resistance Level Price |
|---|---|
| 26.54 | 28.28 |
| 26.90 | 28.38 |
| 26.95 | 28.71 |
| 27.06 | 28.78 |
| 27.09 | 29.46 |
| 27.16 | 30.02 |
| 28.18 | 30.55 |
| 28.45 | 30.58 |
| 29.23 |
CNP Technical Analysis: SMA, RSI, MACD
Upon reviewing the CNP chart, buy and sell signals have been generated in the CenterPoint Energy technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for CNP stock are as follows:- The technical analysis for CNP indicates that the 14-period RSI has most recently generated a 'Sell' signal.
- The technical analysis for CNP indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Buy' signal.
- The technical analysis for CenterPoint Energy issued a 'Buy' signal when the MACD was at 0.331, with the current MACD value being: 0.379
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
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