Technical Analysis for CNC - Centene Corporation

Grade Last Price % Change Price Change
grade D 63.31 -3.48% -2.28
CNC closed down 3.48 percent on Thursday, July 9, 2020, on approximately normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline.
Earnings due: Jul 28
*** please verify all earnings dates ***

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Down Down
Historical CNC trend table...

Date Alert Name Type % Chg
Fell Below 20 DMA Bearish 0.00%
Fell Below 50 DMA Bearish 0.00%
Down 3 Days in a Row Weakness 0.00%
50 DMA Support Bullish -3.48%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -3.48%
Overbought Stochastic Strength -3.48%
Stochastic Sell Signal Bearish -3.83%
50 DMA Support Bullish -3.83%
Overbought Stochastic Strength -3.83%
MACD Bullish Centerline Cross Bullish -4.98%

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Profile

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.
Health Health Insurance Medicare X Ray Healthcare Reform In The United States Federal Assistance In The United States Claims Processing Medicaid Managed Care Durable Medical Equipment Behavioral Healthcare Rebate Management Urgent Care Centers Care Management Solutions Health Net Long Term Care Services 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 74.7
52 Week Low 41.62
Average Volume 4,099,993
200-Day Moving Average 59.75
50-Day Moving Average 65.01
20-Day Moving Average 63.56
10-Day Moving Average 64.25
Average True Range 2.47
ADX 11.62
+DI 19.26
-DI 25.21
Chandelier Exit (Long, 3 ATRs ) 60.22
Chandelier Exit (Short, 3 ATRs ) 66.95
Upper Bollinger Band 67.21
Lower Bollinger Band 59.92
Percent B (%b) 0.47
BandWidth 11.47
MACD Line 0.10
MACD Signal Line -0.16
MACD Histogram 0.2569
Fundamentals Value
Market Cap 10.92 Billion
Num Shares 172 Million
EPS 4.56
Price-to-Earnings (P/E) Ratio 13.88
Price-to-Sales 0.36
Price-to-Book 2.46
PEG Ratio 1.37
Dividend 0.00
Dividend Yield 0.00%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 67.35
Resistance 3 (R3) 67.55 66.41 66.67
Resistance 2 (R2) 66.41 65.38 66.31 66.45
Resistance 1 (R1) 64.86 64.75 64.29 64.66 66.22
Pivot Point 63.72 63.72 63.44 63.62 63.72
Support 1 (S1) 62.17 62.69 61.60 61.97 60.40
Support 2 (S2) 61.03 62.06 60.93 60.17
Support 3 (S3) 59.48 61.03 59.95
Support 4 (S4) 59.28