CENTENE CORP (CNC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CNC - US15135B1017 - Common Stock
We assign a technical rating of 7 out of 10 to CNC. CNC has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
CNC has an excellent technical rating, but the quality of the setup is only medium 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.
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33.72
When analyzing the support we can see 2 important areas.
- A support zone ranging from 35.47 to 36.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 34.06 to 34.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 39.35 to 39.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @48.42 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for CNC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CNC is up. |
| ChartMill Relative Strength | 47.94 | NEUTRAL | CNC is not amongst the best or worst performers 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) | 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) | 61.49 | NEUTRAL | The RSI value for CNC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.34 | POSITIVE | The MACD value suggests CNC has a positive trend. |
| Stochastics (14,3) | 93.45 | OVERBOUGHT | The high Stochastics value suggests CNC may be overbought. |
| Average True Range in percent/ATR (20) | 4.23 | MEDIUM VOLATILITY | The ATR as a percentage value for CNC suggests some volalility. |
| Average Directional Index/ADX (14) | 16.34 | NEGATIVE | The low ADX value for CNC suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 39.68 | 34.38 | 5.30 (13.36%) | 7.49% |
| An entry @39.68. This is a Buy Stop order right above the resistance zone. | An exit @34.38. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 5.30 points, which is 13.36%. | When investing 7.49% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
39.34
-0.12 (-0.3%)
CENTENE CORP / CNC FAQ
Can you provide the ChartMill technical rating for CENTENE CORP?
ChartMill assigns a technical rating of 7 / 10 to CNC.
What is the current trend direction of CENTENE CORP (CNC) stock?
The current trend direction for CENTENE CORP (CNC) is Bearish.
Can you provide the RSI signal for CENTENE CORP?
CENTENE CORP (CNC) has an RSI value of 61.491. This indicates that the stock is currently neutral.
What is the MACD signal for CNC stock?
The MACD indicator for CENTENE CORP (CNC) has a value of 0.33908, indicating a bearish trend.
Can you provide the support and resistance levels for CENTENE CORP?
CENTENE CORP (CNC) has a support level at 36.68 and a resistance level at 39.35. Check the full technical report for our detailed analysis of CNC support and resistance levels.