The Greedy Trader Weekly Analysis
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Number of records: 15
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Downtrend Broken Resistance
Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.
Technical analysis of stock trend chart following long term trend analysis and trend following indicator for broken resistance trend trading. Stock trend analysis and broken resistance trend following indicators.
trend trading,trend following,stock trend chart,technical analysis of stock trend,trend following indicator,following long term trend,Broken Resistance
Centene Corporation
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Summary:
Weekly :Overbought sectorRelative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overboughtBroken trend resistance lineBroken trend resistance line
Daily :The price has fallen below the Parabolic SARTrend resistance at 145.00The Bollinger Bands are historically close together
Move cursor over the icon to see details.

It was the negative week for the Centene Corporation (CNC). During the week, the CNC gave back -0.81 points, or -0.55%, and closed at 145.24 on Friday, September 14, 2018. It was the worst weekly loss since July 27, 2018. Weekly volume was -34% below average.

CNC is a member of Healthcare Sector. Healthcare is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See CNC long-term trend chart]
A long-term uptrend had started on February 9, 2016 at 47.36 and reached 148.24 on September 7, 2018. CNC gained -100.88 points, or -213.01%, in 134 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The uptrend resistance line (54.35) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See CNC medium-term trend chart]
A medium-term uptrend had started on November 9, 2016 at 50.00 and reached 148.24 on September 7, 2018. CNC gained -98.24 points, or -196.48%, in 95 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (127.49) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See CNC weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since April 27, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See CNC short-term trend chart]
A short-term uptrend had started on February 15, 2018 at 97.61 and reached 148.24 on September 7, 2018. CNC gained -50.63 points, or -51.87%, in 204 days. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (145.00). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a short-term trend.

Daily Technical Indicators: [See CNC daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since August 30, 2018. The distance between MACD and the signal line is relatively high and getting bigger.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The distance between the Bollinger Bands (3.08%) is close to one year low (4.40%). It is 68.48% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.00
Williams' Percentage Range (W%R) 48.30
Lane's Stochastic (%D-Slow) 33.61
Greed/Fear Indicator (GFI) 45.12
Moving Average Converg./Diverg. (MACD) 2.42
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 82.25
Overbought
Williams' Percentage Range (W%R) 7.40
Strong Overbought
Lane's Stochastic (%D-Slow) 91.94
Strong Overbought
Greed/Fear Indicator (GFI) 83.35
Overbought
Moving Average Converg./Diverg. (MACD) 9.03
Trading Signals
Description Value Chart
Weekly Stochastic Crossing 146.47
Parabolic System 146.22
Upper Bollinger Band 146.08
Price 145.24
20 Day Moving Average 145.06
Weekly Trendline Resistance 145.00
Daily Stochastic Crossing 144.68
Lower Bollinger Band 141.59
Weekly Trendline Support 140.53
50 Day Moving Average 138.85
Monthly Trendline Resistance 133.88
Quarterly Trendline Resistance 128.57
Monthly Trendline Support 127.49
Sector and Industry
Description Name Rank
Sector Healthcare 9
Industry Health Care Plans 152
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 148.24
High Date 09/07/2018
Low 142.50
Low Date 09/11/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 145.00
Support 140.53
Low 97.61
Low Date 02/15/2018
High 148.24
High Date 09/07/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 133.88
Support 127.49
Low 50.00
Low Date 11/09/2016
High 148.24
High Date 09/07/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Broken Resistance
Resistance 128.57
Support 54.35
Low 47.36
Low Date 02/09/2016
High 148.24
High Date 09/07/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 13.10
Low Date 04/14/2008
High 148.24
High Date 09/07/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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