CENTENE CORP (CNC)

US15135B1017 - Common Stock

78.535  +0.19 (+0.24%)

Technical Rating and Analysis

6

Taking everything into account, CNC scores 6 out of 10 in our technical rating. In the last year, CNC was one of the better performers, but we do observe some doubts in the very recent evolution.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that CNC is one of the better performing stocks in the market, outperforming 73% of all stocks. We also observe that the gains produced by CNC over the past year are nicely spread over this period.
CNC is one of the better performing stocks in the Health Care Providers & Services industry, it outperforms 70% of 116 stocks in the same industry.
CNC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CNC is lagging the market slightly.
In the last month CNC has a been trading in the 74.72 - 79.75 range, which is quite wide. It is currently trading near the high of this range.
CNC has an average volume of 2998160 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Weekly and Daily overview Charts
CNC Weekly chart
CNC Daily chart
Setup Rating and Analysis

9

CNC has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 79.16. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 77.56, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CNC in the last couple of days, which is a good sign.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
Support and Resistance Analysis

61.92

81.21

4 important support areas can be observed.

  • A support zone ranging from 76.32 to 77.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @73.77 from a horizontal line in the daily time frame.
  • A support zone ranging from 67.45 to 67.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @62.55 from a horizontal line in the weekly time frame.

We found 1 important resistance area.

  • A resistance zone ranging from 79.16 to 80.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.16
Mansfield-0.4
10 Day High78.97
10 Day Low74.72
20 Day High79.75
20 Day Low74.72
52 Week High81.42
52 Week Low60.83
Performance
1 Week0.6%
2 Weeks2.12%
1 Month-0.05%
3 Month5.58%
6 Month13.75%
12 Month23.95%
2 Year-6.94%
3 Year22.59%
5 Year47.55%
10 Year403.45%
15 Year1639.18%
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)
Technical Indicators
MACD(12,26,9)0.01
RSI(14)54.48
LBB75.54
UBB79.01
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
80.4276.314.11 (5.11%)19.57%
An entry @80.42. This is a Buy Stop order right above the resistance zone.An exit @76.31. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 4.11 points, which is 5.11%.When investing 19.57% 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.
CNC Daily chart

CENTENE CORP

NYSE:CNC (3/28/2024, 12:03:50 PM)

78.535

+0.19 (+0.24%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg0.24%
1 Week0.6%
2 Weeks2.12%
1 Month-0.05%
3 Month5.58%
6 Month13.75%
12 Month23.95%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.56
ATR(20)%2.04%
ATR Inc
Range Today0.59
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High78.97
10 Day Low74.72
20 Day High79.75
20 Day Low74.72
52 Week High81.42
52 Week Low60.83
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume663.97K
Volume Incr1.38%
Vol(5)3.09M
Vol(50)3.00M