Score 7.8 (out of 10): CENTERPOINT ENERGY sets up for +4.4% rally in 2 months

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What’s Going On Here?

The Brooklyn Park City Council approved a permit for CenterPoint Energy to construct its new north district headquarters on vacant land just south of the Champlin border at its Aug. 22 meeting.

Why Now?

CENTERPOINT ENERGY has reached a new shorter-term high. Previously, during similar occasions, CENTERPOINT ENERGY shares had a median return of +4.4%, over the following 2 months – based on 10 historical occasions with 8 of those showing positive returns (80% hit ratio). This buy signal for CENTERPOINT ENERGY received a high score of 7.8 (out of 10). This insight was generated on 2022-September-7 with last price of 32.67.

What’s This Token About?

CENTERPOINT ENERGY is in the Electric-Integrated business. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. Ticker symbol: CNP US.

What’s My Risk / Reward and Time Horizon?

We found 2 months to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 34.11 (+4.4%) has been reached. Based on CENTERPOINT ENERGY’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 31.87 (last price at 32.67), which is equivalent to a -2.4% decline.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ under (2), etc.

Previous episodes:

0.6% (May-2022), 9.8% (January-2022), 7.5% (October-2021), -2.3% (July-2021), 0% (May-2021), 10.8% (February-2021), 15.3% (October-2020), 6.9% (July-2020), 1.9% (April-2020), – 1.4% (December-2019).

Historical Chart:

Summary:

NameCENTERPOINT ENERGY
ViewUp
Star (1 to 10)7.8
Target4.4%
Time2 months
Hit Rate80%

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