NYSE:CNC • US15135B1017
Overall CNC gets a technical rating of 6 out of 10. Although CNC is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
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. A pullback is taking place, which may present a nice opportunity for an entry.
37.50
When analyzing the support we can see 3 important areas.
We can see 2 important resistance areas.
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 | UP | POSITIVE | The long term trend for CNC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CNC is neutral. |
| ChartMill Relative Strength | 22.02 | NEGATIVE | CNC has a low relative strength, it was outperformed by 77.98% 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) | UP | POSITIVE | The current price of CNC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CNC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.7 | NEUTRAL | The RSI value for CNC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests CNC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 63.82 | NEUTRAL | The Stochastics value for CNC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.72 | MEDIUM VOLATILITY | The ATR as a percentage value for CNC suggests some volalility. |
| Average Directional Index/ADX (14) | 11.56 | NEGATIVE | The low ADX value for CNC suggests a weak or negative trend. |
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 44.88 | 41.74 | 3.14 (7.00%) | 14.29% |
| An entry @44.88. This is a Buy Stop order right above the resistance zone. | An exit @41.74. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.14 points, which is 7.00%. | When investing 14.29% of your capital in this trade, your total portfolio risk will be 1.00%. |
43.32
-0.33 (-0.76%)
ChartMill assigns a technical rating of 6 / 10 to CNC.
The current trend direction for CENTENE CORP (CNC) is Bullish.
CENTENE CORP (CNC) has an RSI value of 51.7013. This indicates that the stock is currently neutral.
The MACD indicator for CENTENE CORP (CNC) has a value of 0.11822, indicating a bearish trend.