Technical Analysis for CNC - Centene Corporation

Grade Last Price % Change Price Change
F 72.92 2.73% 1.94
CNC closed up 2.73 percent on Wednesday, February 8, 2023, on 1.65 times normal volume.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
Slingshot Bearish Bearish Swing Setup 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
New 52 Week Closing Low Bearish 2.73%
Lower Bollinger Band Walk Weakness 2.73%
New 52 Week Low Weakness 2.73%
Earnings Movers Other 2.73%
Multiple of Ten Bullish Other 2.73%
Below Lower BB Weakness 2.73%

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Alert Time
10 DMA Resistance about 8 hours ago
Rose Above 10 DMA about 9 hours ago
Up 3% about 10 hours ago
Up 1 ATR about 10 hours ago
60 Minute Opening Range Breakout about 11 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 Network Management X Ray Work Management Managed Care Health Services Claims Processing Medicaid Health Management Pharmacy Services Care Management Durable Medical Equipment Eye Care Oral Healthcare Behavioral Healthcare Intervention Services Social Work Urgent Care Centers Formulary Care Management Solutions Health Insurance Program Immunization Long Term Care Services Pharmacy Network Management Rebate 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 98.52
52 Week Low 68.73
Average Volume 3,642,531
200-Day Moving Average 83.45
50-Day Moving Average 79.60
20-Day Moving Average 75.08
10-Day Moving Average 73.64
Average True Range 2.10
RSI 38.65
ADX 30.67
+DI 18.48
-DI 30.61
Chandelier Exit (Long, 3 ATRs) 73.69
Chandelier Exit (Short, 3 ATRs) 75.02
Upper Bollinger Bands 79.46
Lower Bollinger Band 70.70
Percent B (%b) 0.25
BandWidth 11.67
MACD Line -2.06
MACD Signal Line -1.86
MACD Histogram -0.2041
Fundamentals Value
Market Cap 42.28 Billion
Num Shares 580 Million
EPS 3.77
Price-to-Earnings (P/E) Ratio 19.33
Price-to-Sales 0.33
Price-to-Book 1.42
PEG Ratio 0.88
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 77.98
Resistance 3 (R3) 77.75 75.83 77.13
Resistance 2 (R2) 75.83 74.55 75.95 76.85
Resistance 1 (R1) 74.38 73.75 75.11 74.61 76.57
Pivot Point 72.46 72.46 72.83 72.58 72.46
Support 1 (S1) 71.01 71.18 71.74 71.24 69.27
Support 2 (S2) 69.09 70.38 69.21 68.99
Support 3 (S3) 67.64 69.09 68.71
Support 4 (S4) 67.87