Technical Analysis for CNC - Centene Corporation

Grade Last Price % Change Price Change
F 59.10 2.23% 1.29
CNC closed up 2.23 percent on Wednesday, November 20, 2024, on 79 percent of normal volume. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Flat

Date Alert Name Type % Chg
MACD Bullish Signal Line Cross Bullish 0.00%
Oversold Stochastic Weakness 0.00%
New Downtrend Bearish 2.23%
180 Bearish Setup Bearish Swing Setup 2.23%
NR7 Range Contraction 2.23%
Narrow Range Bar Range Contraction 2.23%
Inside Day Range Contraction 2.23%
Gapped Down Weakness 2.23%
Oversold Stochastic Weakness 2.23%
Bullish Engulfing Bullish 0.46%

   Recent Intraday Alerts

Alert Time
Rose Above 10 DMA about 16 hours ago
10 DMA Resistance about 22 hours ago
Up 2% about 22 hours ago
Rose Above Previous Day's High about 22 hours ago
Up 1% about 22 hours ago

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Profile

Centene Corporation Description

Centene Corporation provides multi-line healthcare programs and services in the United States. It operates in two segments, Medicaid Managed Care and Specialty Services. The Medicaid Managed Care segment provides Medicaid and Medicaid-related health plan coverage to individuals through government subsidized programs, including Medicaid, the State children's health insurance program, long-term care, foster care, and Medicare special needs plans, as well as aged, blind, or disabled programs. Its health plans provide primary and specialty physician care, inpatient and outpatient hospital care, transportation assistance, emergency and urgent care, vision care, prenatal care, dental care, laboratory and x-ray services, immunizations, prescriptions and over-the-counter drugs, home health and durable medical equipment, behavioral health and substance abuse services, therapies, social work services, care coordination, and 24-hour nurse advice line. The Specialty Services segment manages behavioral healthcare for members; provides health insurance to individual customers and their families; implements life and health management programs; offers long-term care services to the elderly and people with disabilities; and administers routine and medical surgical eye care benefits through its network of eye care providers. It also offers telehealth services; and claims processing, pharmacy network management, benefit design consultation, drug utilization review, formulary and rebate management, specialty and mail order pharmacy services, and patient and physician intervention services, as well as provides care management solutions that automate the clinical, administrative, and technical components of care management programs. The company offers its services through primary and specialty care physicians, hospitals, and ancillary providers. Centene Corporation was founded in 1984 and is headquartered in St. Louis, Missouri.


Classification

Sector: Healthcare
Industry: Health Care Plans
Keywords: S&P 500 Eye Medical Equipment Telehealth Health Insurance Medicare X Ray Network Management Health Services Work Management Claims Processing Managed Care Medicaid Health Management Pharmacy Services Care Management Durable Medical Equipment Behavioral Healthcare Eye Care Oral Healthcare Intervention Services Urgent Care Centers Formulary Immunization Social Work Care Management Solutions Health Insurance Program Long Term Care Services Pharmacy Network Management Telehealth Services

Is CNC a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 81.415
52 Week Low 57.2
Average Volume 5,804,864
200-Day Moving Average 72.33
50-Day Moving Average 67.27
20-Day Moving Average 60.94
10-Day Moving Average 59.19
Average True Range 2.09
RSI (14) 40.12
ADX 25.36
+DI 18.83
-DI 32.59
Chandelier Exit (Long, 3 ATRs) 63.83
Chandelier Exit (Short, 3 ATRs) 63.48
Upper Bollinger Bands 65.38
Lower Bollinger Band 56.50
Percent B (%b) 0.29
BandWidth 14.58
MACD Line -2.44
MACD Signal Line -2.53
MACD Histogram 0.088
Fundamentals Value
Market Cap 31.59 Billion
Num Shares 534 Million
EPS 4.95
Price-to-Earnings (P/E) Ratio 11.94
Price-to-Sales 0.29
Price-to-Book 1.60
PEG Ratio 0.75
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 61.26
Resistance 3 (R3) 61.13 60.29 60.90
Resistance 2 (R2) 60.29 59.74 60.35 60.78
Resistance 1 (R1) 59.69 59.40 59.99 59.82 60.66
Pivot Point 58.85 58.85 59.00 58.91 58.85
Support 1 (S1) 58.25 58.30 58.55 58.38 57.54
Support 2 (S2) 57.41 57.96 57.47 57.42
Support 3 (S3) 56.81 57.41 57.30
Support 4 (S4) 56.94