Centerpoint Energy(CNP)

Centerpoint Energy (CNP) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for CNP · data as of Jul 22, 2026. The chart above is live; the read below updates daily.

$43.68last close · Jul 22, 202652-week range $36.59 – $45.22 · 3.39% below the high

CNP Falling Wedge Pattern

CNP is currently forming a falling wedge on the daily timeframe. Detected Jul 22, 2026.

A falling wedge is a brief, tidy pause that typically continues the move higher. A breakout projects a measured-move target near $44.42 (+4.8%). Across 10,683 backtested falling wedges, the setup followed through 56.4% of the time, averaging +0.52R; CNP's own falling wedges have hit 40.5%.

DirectionBullishTarget$44.42Projected move+4.8%Breakout level$42.45

New to this pattern? What a falling wedge is and how to trade it →

CNP's Most Recent Falling Wedge Trade

CNP's most recent completed falling wedge resolved as a win: it broke higher on Jun 10, 2026 near $42.91, then reached its target at $43.73 on Jul 1, 2026 — a 1.9% move (+0.45R) over 14 sessions. Across 111 backtested falling wedges, this setup wins 55.9% of the time.

OutcomeWinResult+1.9%R+0.45REntry$42.91Exit$43.73

Learn about falling wedge

How Falling Wedges Have Performed

Win rate
56.4%
Avg return
+0.52R
Backtested trades
10,683
CNP win rate
40.5%

Historical pattern statistics (1987-01-30 – 2026-07-17), not a prediction.

How these backtests work →

CNP Pattern Trade History

Every completed pattern trade our nightly backtest found on CNP's daily chart, newest first — wins and losses alike.

PatternEntryExitOutcomeResult
Falling WedgeJun 10, 2026 @ $42.91Jul 1, 2026 @ $43.73Win+4.8% · +0.45R
Rising WedgeJan 14, 2026 @ $38.96Mar 10, 2026 @ $43.16Win+3.3% · +2.85R
Rising WedgeMar 11, 2025 @ $34.93Apr 4, 2025 @ $36.08Win+5.7% · +0.68R
Falling WedgeJan 16, 2025 @ $32.26Feb 27, 2025 @ $33.74Win+6.1% · +0.89R
Falling WedgeAug 2, 2024 @ $27.27Aug 14, 2024 @ $25.59Win+7.7% · +0.78R
Rising WedgeJun 25, 2024 @ $30.89Jul 9, 2024 @ $30.02Win+3.4% · +1.28R
TriangleApr 19, 2024 @ $28.46May 23, 2024 @ $29.35Win+5.7% · +0.57R
Rising WedgeApr 10, 2024 @ $27.41Apr 19, 2024 @ $28.53Loss+5.4% · -1.06R
Falling WedgeMar 5, 2024 @ $28.04May 23, 2024 @ $29.35Win+6.9% · +1.33R
TriangleNov 13, 2023 @ $27.13Dec 15, 2023 @ $28.86Win+11.2% · +2.92R
TriangleNov 8, 2023 @ $26.96Nov 28, 2023 @ $28.15Loss+12.8% · -1.13R
TriangleSep 22, 2022 @ $31.78Sep 27, 2022 @ $30.22Win+5.5% · +1.08R

Recent Falling Wedges on Other Charts

ALNYhit target +18.8%Jul 22, 2026BAstopped −7.9%Jul 21, 2026BDXhit target +2.8%Jul 21, 2026HIIhit target +13.1%Jul 21, 2026

Learn about falling wedge

CNP Support and Resistance Levels

Price is being turned away at a ceiling near $45.42 and starting to slide. On the weekly chart, the next floor below sits near $40.78 — about 7% away.

  • Traders commonly watch $40.78 as a target (its 23.6% retracement) — think of it as a sensible next stop, not a guarantee.
  • That floor is the first place the slide might steady — worth watching how price behaves as it gets there.
  • There's nothing to act on here — the spot to watch was the $45.42 ceiling about a week ago, when price was turned away there, but price has already pulled lower. What's left is the slide playing out, not a fresh starting point.

CNP Recent Daily Prices

DateOpenHighLowClose
Jul 22, 2026$43.14$43.75$42.98$43.68
Jul 21, 2026$42.84$43.03$42.49$42.72
Jul 20, 2026$43.33$43.64$42.71$42.99
Jul 17, 2026$43.81$44.28$43.07$43.13
Jul 16, 2026$42.77$43.34$42.57$43.34
Jul 15, 2026$43.87$44.06$42.69$42.72
Jul 14, 2026$44.50$44.69$43.76$43.76
Jul 13, 2026$43.60$44.25$43.60$44.13
Jul 10, 2026$43.37$43.70$43.32$43.54
Jul 9, 2026$44.17$44.25$43.29$43.32

CNP Frequently Asked Questions

What chart pattern is CNP forming right now?
As of Jul 22, 2026, TradingPal's detector identifies a falling wedge on Centerpoint Energy (CNP) on the daily chart, with a measured-move target of $44.42.
Is a falling wedge bullish or bearish?
The falling wedge detected on CNP is a bullish pattern, projecting a measured-move target of $44.42. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a falling wedge pattern, and what is its win rate?
Across TradingPal's backtest of the falling wedge family (10,683 trades over 628 symbols), it resolved in the expected direction 56.4% of the time with an average of +0.52R. These are historical statistics, not a prediction.
What is the price target if CNP's pattern breaks out?
The detected falling wedge has a geometry-based measured-move target of $44.42 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was CNP's closing price on Jul 22, 2026?
Centerpoint Energy (CNP) last closed at $43.68 on Jul 22, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.