CENTENE CORP (CNC)       71.01  -1.56 (-2.15%)

71.01  -1.56 (-2.15%)

US15135B1017 - Common Stock - After market: 71.25 +0.24 (+0.34%)

Technical Rating

0

Overall CNC gets a technical rating of 0 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.



CNC has an average volume of 3601260 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Volume is considerably higher in the last couple of days.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, CNC is a bad performer in the overall market: 82% of all stocks are doing better.
CNC is part of the Health Care Providers & Services industry. There are 124 other stocks in this industry, of which 65% are performing better than CNC.
CNC is currently making a new 52 week low. This is a very bad signal. CNC is lagging the S&P500 Index which is trading in the middle of its 52 week range.
In the last month CNC has a been trading in the 70.80 - 79.98 range, which is quite wide. It is currently trading near the lows of this range.

Statistics

1 Month 3 Months 6 Months 12 Months -8.09% -13.12% -23.69% -11.87% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 18.67 70.8 - 98.53
CNC Weekly chart
CNC Daily chart

Support/Resistance Analysis


70.29

86.79
We found 1 important support area.
  • A support zone ranging from 71.00 to 71.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
  • A resistance zone ranging from 74.66 to 76.61. 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 80.33 to 80.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @82.54 from a trend line in the daily time frame.
  • A resistance zone ranging from 85.80 to 85.93. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

2

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.


CNC Daily chart

CENTENE CORP71.01

NYSE:CNC (2/3/2023, 7:04:00 PM)-1.56 (-2.15%)

After market: 71.25 +0.24 (+0.34%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Health Care
GICS Industry Health Care Providers & Services

Performance
Today -2.15% 1 Week -5.63%
2 Weeks -6.75% 1 Month -8.09%
3 Month -13.12% 6 Month -23.69%

Volatility
ATR(14) 1.85 ATR(20)% 2.78%
ATR Inc 76.35% Range Today 2.86

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 18.67 Mansfield -1.73
10 Day High 77.39 10 Day Low 70.8
20 Day High 79.98 20 Day Low 70.8
52 Week High 98.53 52 Week Low 70.8
CS1 End 71 CR1 Start 74.66

Volume & EV
DER(3) -2.57% DER(5) -0.36%
Volume 5.10M Volume Incr 60.98%
Vol(5) 5.61M Vol(50) 3.60M

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