CNP trade ideas
weekly of CENTERPOINT ENERGYHi friends
the weekly chart of this market shows that it will experience a downtrend with a high probability in the coming days but also we must be vigilant of the change of direction
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CenterPoint Energy #CNP long position
CNP CenterPoint Energy, Inc. USA, Utilities - Regulated Gas
Market Cap 9.22B EPS (ttm) -1.10
EPS this Y 81.30 %
Forward P/E 13.43 EPS next Y 3.30%
EPS past 5Y -1.20 %
P/S 0.84 EPS next 5Y -4.52 %
P/B 1.74
Dividend 3.31% Sales Q/Q -2.80 %
Insider Own 0.30% Inst Own 86.70%
Insider Trans -0.06% Inst Trans -1.52%
Short Float 4.04% Earnings May 07/b
Avg Volume 9.68M 52W Range 11.58 - 30.71
*UPDATE* $CNP Centerpoint Energy Ascending Triangle, PT $31-32Centerpoint Energy stock reached my original PT of $27 and it has formed an Ascending Triangle, so for this reason i think the stock is ready to break out soon and i'm bumping my PT to $31-32 per share
CNP Centerpoint Energy Stock Analysis: Oversold, PT $27-28Despite heavy trading centerpoint energy stock went from $30 to $25 since Late October but i think that's oversold and could have a bounce back to $27-28 soon as a re-test of that price level
CNP 6 RRR shortTrading Methodology:
1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend.
2. The angle tool is applied from the earliest two trend touch points, beginning at the earliest touch point.
3. A trend-based Fibonacci retracement triangle is drawn starting from the earliest trend touch point and ending at the earliest touch point of the opposite trend line .
4. Based on the degree, of the earlier defined angle, the appropriate (and secret) levels are selected for the fibonacci retracement ; two levels for stop-loss and two levels for take-profit. The closest stop-loss level to the current price level is the top priority stop-loss. Though the secondary stop-loss level is often chosen for some markets such as FX and some equities in order to account for seldom unexpected resistance breaks. The greater target level is the top priority, and where majority of the shares are sold, though some may choose to close part of the position at the first target level or set it to be the stop-loss once price exceeds it. Entries should be laddered in around the levels closest of the yellow line.
This trading strategy can be applied to any market and time frame, and positions most often garner the greatest risk-to-reward ratio with the highest success rate. What more can you ask for? I will only be posting my unique trading strategy until EOY. I work solely with price action to identify pennants and apply unique trend-based fibonacci retracement levels for SL and TP levels. Reach out to me if you have any questions.
Centerpoint preparing for a long bearish period?If it won't recover the EMA's break by the end of the month, closing below it, it is possible the beginning of a bearish period, or at least of a congestion one before to start again the growth, due the positive outlook on future investments. Indicators have indicated a divergence in the long period. I would wait until the end of the month to take a position.
CNP: Correction expectedAlthough I believe we still have some room in the upper side, shorting opportunities are to be sought to catch the corrective move.
CNP-Triple bottom - good technical and fundamental investmentBased on technical and fundamental reasons this setup may begin a strong rally.
Weekly chart analisis:
Fundamental information from a public source:
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TheStreet Ratings rates CenterPoint Energy as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, good cash flow from operations, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
Highlights from the ratings report include:
The revenue growth came in higher than the industry average of 1.5%. Since the same quarter one year prior, revenues rose by 10.2%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
Net operating cash flow has increased to $412.00 million or 20.46% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of -3.77%.
The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Multi-Utilities industry and the overall market on the basis of return on equity, CENTERPOINT ENERGY INC has outperformed in comparison with the industry average, but has underperformed when compared to that of the S&P 500.
CENTERPOINT ENERGY INC's earnings per share declined by 5.7% in the most recent quarter compared to the same quarter a year ago. The company has suffered a declining pattern of earnings per share over the past year.
However, we anticipate this trend reversing over the coming year. During the past fiscal year, CENTERPOINT ENERGY INC reported lower earnings of $0.72 versus $0.96 in the prior year. This year, the market expects an improvement in earnings ($1.16 versus $0.72).
CNP Target HitFive days ago, we called a long position which we had a target price at and around $24.50 that has been achieved. Follow us to get more like this trade for free. Stay safe and tuned more to come!
Scary QLT CallThough we are already up, price bounced off from June low which was where we wanted to take high risk trade as well high reward. This is what is trading all about. Entrt $23.61 stop loss $23.39 May low. Good Luck. Stay safe and follow us for more to come
