CENTENE CORP (CNC) Stock Technical Analysis
USA - NYSE:CNC - US15135B1017 - Common Stock
35.64 USD
-0.15 (-0.42%)
35.08 USD
-0.56 (-1.57%)
We assign a technical rating of 4 out of 10 to CNC. In the past year, CNC was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
77% of all other stocks performed better in the past year than CNC.
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.
CNC has an average volume of 12716500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
CNC is an average performer in the Health Care Providers & Services industry, it outperforms 41% of 100 stocks in the same industry.
In the last month CNC has a been trading in the 31.65 - 39.28 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
CNC has an average technical rating and it also does not offer a high 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
34.75
79.60
When analyzing the support we notice one important area.
- A support zone ranging from 35.10 to 35.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 35.78 to 35.79. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 38.71 to 38.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @59.69 from a trend 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 | UP | POSITIVE | The short term trend for CNC is up. |
| ChartMill Relative Strength | 23.82 | NEGATIVE | CNC has a low relative strength, it was outperformed by 76.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CNC is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CNC is above the rising 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) | 53.88 | NEUTRAL | The RSI value for CNC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests CNC has a negative trend. |
| Stochastics (14,3) | 34.49 | NEUTRAL | The Stochastics value for CNC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.44 | MEDIUM VOLATILITY | The ATR as a percentage value for CNC suggests some volalility. |
| Average Directional Index/ADX (14) | 35.38 | 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)
35.64
-0.15 (-0.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-0.42%
1 Week-5.79%
2 Weeks-3.2%
1 Month10.79%
3 Month27.51%
6 Month-41.28%
12 Month-42.53%
2 Year-48.33%
3 Year-58.13%
5 Year-39.7%
10 Year19.84%
15 Year538.71%
Volatility
ATR(14)1.25
ATR(20)%3.44%
ATR Inc-24.41%
Range Today0.88
ADR(20)1.2
ADR(20)%3.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.82
Mansfield-3.71
10 Day High39.28
10 Day Low35.28
20 Day High39.28
20 Day Low31.65
52 Week High70.11
52 Week Low25.08
CS1 End35.63
CR1 Start35.78
Volume & EV
DER(3)1.27%
DER(5)1.58%
Volume6.89M
Volume Incr-35.01%
Vol(5)7.65M
Vol(50)12.72M