CENTENE CORP (CNC) Technical Analysis
NYSE:CNC • US15135B1017
Current stock price
CNC Technical Rating and Analysis
Taking everything into account, CNC scores 0 out of 10 in our technical rating. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, CNC is a bad performer in the overall market: 90% of all stocks are doing better.
- CNC is one of the lesser performing stocks in the Health Care Providers & Services industry. 68% of 100 stocks in the same industry do better.
- CNC is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CNC is lagging the market.
- In the last month CNC has a been trading in the 31.63 - 43.94 range, which is quite wide. It is currently trading near the lows of this range.
- CNC has an average volume of 6785440 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CNC Weekly and Daily overview Charts
CNC Setup Rating and Analysis
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
CNC Support and Resistance Analysis
31.45
We found 1 important support area.
- A support zone ranging from 31.77 to 31.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @43.64 from a trend line in the daily time frame.
- Resistance @46.28 from a horizontal line in the daily time frame.
CNC Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for CNC is down. |
| ChartMill Relative Strength | 10.32 | NEGATIVE | CNC has a low relative strength, it was outperformed by 89.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CNC is above a declining 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) | 45.44 | NEUTRAL | The RSI value for CNC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests CNC has a positive trend. |
| Stochastics (14,3) | 42.5 | NEUTRAL | The Stochastics value for CNC is a neutral value. |
| Average True Range in percent/ATR (20) | 4.87 | MEDIUM VOLATILITY | The ATR as a percentage value for CNC suggests some volalility. |
| Average Directional Index/ADX (14) | 30.85 | POSITIVE | The high ADX value value for CNC suggests a strong trend. |
CNC Chart- and CandleStick Pattern Analysis
CNC Technicals: Chart, Performance Metrics, Trend & Indicators
35.11
+1.16 (+3.42%)
CENTENE CORP / CNC TA FAQ
Can you provide the ChartMill technical rating for CENTENE CORP?
ChartMill assigns a technical rating of 0 / 10 to CNC.
Can you provide the trend direction for CENTENE CORP?
The current trend direction for CENTENE CORP (CNC) is Bearish.
What is the RSI signal for CNC stock?
CENTENE CORP (CNC) has an RSI value of 45.4379. 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 0.193818, indicating a bearish trend.
What are the support and resistance levels for CENTENE CORP (CNC) stock?
CENTENE CORP (CNC) has a support level at 31.99 and a resistance level at 43.64. Check the full technical report for our detailed analysis of CNC support and resistance levels.