CENTENE CORP (CNC) Stock Technical Analysis
NYSE:CNC - New York Stock Exchange, Inc. - US15135B1017 - Common Stock - Currency: USD
Taking everything into account, CNC scores 1 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.
98% of all other stocks performed better in the past year than CNC.
CNC is one of the lesser performing stocks in the Health Care Providers & Services industry. 87% of 104 stocks in the same industry do better.
CNC is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month CNC has a been trading in the 25.07 - 30.17 range, which is quite wide. It is currently trading near the high of this range.
CNC has an average volume of 17386800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
24.96
65.23
We found 1 important support area.
- A support zone ranging from 25.21 to 25.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- Resistance @28.82 from a horizontal line in the weekly time frame.
- Resistance @29.40 from a horizontal line in the daily time frame.
- Resistance @50.55 from a trend line in the daily time frame.
- Resistance @64.58 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 | 2.15 | NEGATIVE | CNC has a low relative strength, it was outperformed by 97.85% off all stocks 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) | 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) | 45.67 | NEUTRAL | The RSI value for CNC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.14 | POSITIVE | The MACD value suggests CNC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.57 | OVERBOUGHT | The high Stochastics value suggests CNC may be overbought. |
| Average True Range in percent/ATR (20) | 3.86 | MEDIUM VOLATILITY | The ATR as a percentage value for CNC suggests some volalility. |
| Average Directional Index/ADX (14) | 39.2 | 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)
28.81
-0.59 (-2.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-2.01%
1 Week6.98%
2 Weeks14.05%
1 Month7.66%
3 Month-48.93%
6 Month-50.05%
12 Month-63.32%
2 Year-53.27%
3 Year-67.9%
5 Year-53.02%
10 Year-6.64%
15 Year469.93%
Volatility
ATR(14)0.94
ATR(20)%3.86%
ATR Inc-26.09%
Range Today0.75
ADR(20)1.03
ADR(20)%3.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.15
Mansfield-5.36
10 Day High30.17
10 Day Low25.18
20 Day High30.17
20 Day Low25.08
52 Week High80.59
52 Week Low25.08
CS1 End25.59
CR1 Start28.82
Volume & EV
DER(3)1.84%
DER(5)2.05%
Volume12.91M
Volume Incr-25.89%
Vol(5)15.99M
Vol(50)17.39M