CENTENE CORP (CNC) Stock Technical Analysis
NYSE:CNC - New York Stock Exchange, Inc. - US15135B1017 - Common Stock - Currency: USD
Overall CNC gets a technical rating of 1 out of 10. CNC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, CNC is a bad performer in the overall market: 87% of all stocks are doing better.
CNC is one of the lesser performing stocks in the Health Care Providers & Services industry. 65% of 103 stocks in the same industry do better.
CNC is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month CNC has a been trading in the 52.93 - 57.46 range, which is quite wide. It is currently trading near the high of this range.
CNC has an average volume of 5159250 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of CNC is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
52.86
79.60
We found 1 important support area.
- A support zone ranging from 53.39 to 54.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 5 important resistance areas.
- Resistance @59.87 from a trend line in the daily time frame.
- Resistance @62.25 from a trend line in the daily time frame.
- A resistance zone ranging from 64.22 to 64.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @65.89 from a horizontal line in the daily time frame.
- Resistance @78.81 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for CNC is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CNC is neutral. |
| ChartMill Relative Strength | 13.99 | NEGATIVE | CNC has a low relative strength, it was outperformed by 86.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CNC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CNC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CNC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.22 | NEUTRAL | The RSI value for CNC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests CNC has a positive trend. |
| Stochastics (14,3) | 53.16 | NEUTRAL | The Stochastics value for CNC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.17 | MEDIUM VOLATILITY | The ATR as a percentage value for CNC suggests some volalility. |
| Average Directional Index/ADX (14) | 30.02 | POSITIVE | The high ADX value value for CNC suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
56.65
+2.37 (+4.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg4.37%
1 Week4.81%
2 Weeks3.6%
1 Month3.17%
3 Month-8.53%
6 Month-7.86%
12 Month-14.65%
2 Year-16.8%
3 Year-39.07%
5 Year-13.18%
10 Year61.56%
15 Year963.35%
Volatility
ATR(14)1.31
ATR(20)%2.17%
ATR Inc90.03%
Range Today3.23
ADR(20)1.23
ADR(20)%2.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.99
Mansfield-1.71
10 Day High57.46
10 Day Low52.93
20 Day High57.46
20 Day Low52.93
52 Week High80.59
52 Week Low52.93
CS1 End53.98
CR1 Start54.29
Volume & EV
DER(3)3.28%
DER(5)1.09%
Volume10.33M
Volume Incr44.8%
Vol(5)6.57M
Vol(50)5.16M