CENTENE CORP (CNC) Stock Technical Analysis
NYSE:CNC - New York Stock Exchange, Inc. - US15135B1017 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to CNC. CNC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
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: 81% of all stocks are doing better.
CNC is part of the Health Care Providers & Services industry. There are 102 other stocks in this industry, of which 61% are performing better than CNC.
CNC is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index 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 54.01 - 64.15 range, which is quite wide. It is currently trading near the lows of this range.
CNC has an average volume of 5018670 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is bad, CNC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 55.75, a Stop Loss order could be placed below this zone.
More info and screens
54.28
79.60
We found 1 important support area.
- A support zone ranging from 54.83 to 55.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 59.87 to 60.67. 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 62.92 to 64.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | DOWN | NEGATIVE | The short term trend for CNC is down. |
| ChartMill Relative Strength | 19.64 | NEGATIVE | CNC has a low relative strength, it was outperformed by 80.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CNC is below 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) | 40.99 | NEUTRAL | The RSI value for CNC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.25 | NEGATIVE | The MACD value suggests CNC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.17 | OVERSOLD | The low Stochastics value suggests CNC may be oversold. |
| Average True Range in percent/ATR (20) | 3.2 | MEDIUM VOLATILITY | The ATR as a percentage value for CNC suggests some volalility. |
| Average Directional Index/ADX (14) | 27.81 | 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)
55.76
+0.6 (+1.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg1.09%
1 Week1.55%
2 Weeks-1.15%
1 Month-11.2%
3 Month-4.18%
6 Month-6.16%
12 Month-19.11%
2 Year-17.33%
3 Year-34.1%
5 Year-12.26%
10 Year38.71%
15 Year937.4%
Volatility
ATR(14)1.5
ATR(20)%3.2%
ATR Inc-38.35%
Range Today1.1
ADR(20)1.55
ADR(20)%2.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.64
Mansfield-1.73
10 Day High57.98
10 Day Low54.01
20 Day High64.15
20 Day Low54.01
52 Week High80.59
52 Week Low54.01
CS1 End55.75
CR1 Start59.87
Volume & EV
DER(3)-0.27%
DER(5)-0.76%
Volume3.39M
Volume Incr-24.14%
Vol(5)3.87M
Vol(50)5.02M