Centerpoint Energy Stock Technical Analysis
| CNP Stock | USD 27.95 0.25 0.90% |
As of the 19th of April, CenterPoint Energy shows the Standard Deviation of 1.11, risk adjusted performance of (0), and Mean Deviation of 0.7981. CenterPoint Energy technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate thirteen technical drivers for CenterPoint Energy, which can be compared to its peers. Please confirm CenterPoint Energy variance and potential upside to decide if CenterPoint Energy is priced correctly, providing market reflects its regular price of 27.95 per share. Given that CenterPoint Energy has information ratio of (0.07), we suggest you to validate CenterPoint Energy's prevailing market performance to make sure the company can sustain itself at a future point.
CenterPoint Energy Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as CenterPoint, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to CenterPointCenterPoint |
CenterPoint Energy Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 31.0 | Buy | 16 | Odds |
Most CenterPoint analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand CenterPoint stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of CenterPoint Energy, talking to its executives and customers, or listening to CenterPoint conference calls.
CenterPoint Energy technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
CenterPoint Energy Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of CenterPoint Energy volatility. High ATR values indicate high volatility, and low values indicate low volatility.
CenterPoint Energy Trend Analysis
Use this graph to draw trend lines for CenterPoint Energy. You can use it to identify possible trend reversals for CenterPoint Energy as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual CenterPoint Energy price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.CenterPoint Energy Best Fit Change Line
The following chart estimates an ordinary least squares regression model for CenterPoint Energy applied against its price change over selected period. The best fit line has a slop of 0.01 , which may imply that CenterPoint Energy will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 2.37, which is the sum of squared deviations for the predicted CenterPoint Energy price change compared to its average price change.About CenterPoint Energy Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of CenterPoint Energy on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of CenterPoint Energy based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on CenterPoint Energy price pattern first instead of the macroeconomic environment surrounding CenterPoint Energy. By analyzing CenterPoint Energy's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of CenterPoint Energy's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to CenterPoint Energy specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2024 (projected) | Dividend Yield | 0.0297 | 0.0259 | 0.0572 | Price To Sales Ratio | 1.98 | 2.03 | 2.18 |
CenterPoint Energy April 19, 2024 Technical Indicators
Most technical analysis of CenterPoint help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for CenterPoint from various momentum indicators to cycle indicators. When you analyze CenterPoint charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0) | |||
| Market Risk Adjusted Performance | (0.02) | |||
| Mean Deviation | 0.7981 | |||
| Coefficient Of Variation | (8,036) | |||
| Standard Deviation | 1.11 | |||
| Variance | 1.24 | |||
| Information Ratio | (0.07) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | (0.03) | |||
| Maximum Drawdown | 7.11 | |||
| Value At Risk | (1.51) | |||
| Potential Upside | 1.76 | |||
| Skewness | 0.3611 | |||
| Kurtosis | 1.98 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CenterPoint Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in CenterPoint Stock, please use our How to Invest in CenterPoint Energy guide.You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Complementary Tools for CenterPoint Stock analysis
When running CenterPoint Energy's price analysis, check to measure CenterPoint Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CenterPoint Energy is operating at the current time. Most of CenterPoint Energy's value examination focuses on studying past and present price action to predict the probability of CenterPoint Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CenterPoint Energy's price. Additionally, you may evaluate how the addition of CenterPoint Energy to your portfolios can decrease your overall portfolio volatility.
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Is CenterPoint Energy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CenterPoint Energy. If investors know CenterPoint will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CenterPoint Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.586 | Dividend Share 0.77 | Earnings Share 1.37 | Revenue Per Share 13.782 | Quarterly Revenue Growth (0.20) |
The market value of CenterPoint Energy is measured differently than its book value, which is the value of CenterPoint that is recorded on the company's balance sheet. Investors also form their own opinion of CenterPoint Energy's value that differs from its market value or its book value, called intrinsic value, which is CenterPoint Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CenterPoint Energy's market value can be influenced by many factors that don't directly affect CenterPoint Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CenterPoint Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if CenterPoint Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CenterPoint Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.