CENTENE CORP (CNC) Stock Technical Analysis
NYSE:CNC - New York Stock Exchange, Inc. - US15135B1017 - Common Stock
Overall CNC gets a technical rating of 3 out of 10. In the past year, CNC was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, CNC is a bad performer in the overall market: 78% of all stocks are doing better.
CNC is one of the lesser performing stocks in the Health Care Providers & Services industry. 63% of 108 stocks in the same industry do better.
CNC is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
CNC has an average volume of 5734350 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
CNC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CNC is lagging the market.
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. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 63.67. Right above this resistance zone may be a good entry point.
More info and screens
56.13
79.60
2 important support areas can be observed.
- A support zone ranging from 61.71 to 62.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 56.70 to 57.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 63.67 to 64.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 78.43 to 78.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.59
Mansfield-1.81
10 Day High64.1
10 Day Low60.38
20 Day High64.1
20 Day Low58.27
52 Week High81.42
52 Week Low55.03
Performance
1 Week-0.06%
2 Weeks3.55%
1 Month7.01%
3 Month-0.87%
6 Month-12.91%
12 Month-13.7%
2 Year-16.5%
3 Year-18.13%
5 Year1.35%
10 Year133.27%
15 Year1222.81%
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)0.17
RSI(14)60.58
LBB60.04
UBB64.57
CENTENE CORP
NYSE:CNC (1/21/2025, 8:04:00 PM)
After market: 63.66 0 (0%)63.66
+1.41 (+2.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg2.27%
1 Week-0.06%
2 Weeks3.55%
1 Month7.01%
3 Month-0.87%
6 Month-12.91%
12 Month-13.7%
2 Year-16.5%
3 Year-18.13%
5 Year1.35%
10 Year133.27%
15 Year1222.81%
Volatility
ATR(14)1.67
ATR(20)%2.48%
ATR Inc-20.98%
Range Today1.48
ADR(20)1.54
ADR(20)%2.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.59
Mansfield-1.81
10 Day High64.1
10 Day Low60.38
20 Day High64.1
20 Day Low58.27
52 Week High81.42
52 Week Low55.03
CS1 End62.93
CR1 Start63.67
Volume & EV
DER(3)1.04%
DER(5)0.53%
Volume4.76M
Volume Incr-41.39%
Vol(5)3.69M
Vol(50)5.73M