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 :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtOversold sector
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtThe price has fallen below the Parabolic SARPrice has crossed below the 50 Day Moving Average
Move cursor over the icon to see details.

It was a third consecutive positive week for the Centene Corporation (CNC). During the week, the CNC gained 3.93 points, or 4.04%, and closed at 101.10 on Friday, December 01, 2017. Weekly volume was -19% below average.

CNC is a member of Healthcare Sector. Healthcare is the most oversold 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 April 14, 2008 at 13.10 and reached 121.08 on February 19, 2015. CNC gained -107.98 points, or -824.27%, in 357 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (64.76) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 102.99 on December 1, 2017. CNC gained -52.99 points, or -105.98%, in 55 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 94.60 and resistance is at 102.19. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See CNC weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. 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 link to access Williams' Percentage Range help.

The weekly MACD line is below its signal line since November 3, 2017. The distance between MACD and the signal line is low and getting smaller. 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 November 15, 2017 at 90.07 and reached 102.99 on December 1, 2017. CNC gained -12.92 points, or -14.34%, in 16 days. The price is now at the 14.63% retracement level.

Daily Technical Indicators: [See CNC daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since November 21, 2017. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

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.

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.84
Williams' Percentage Range (W%R) 4.60
Strong Overbought
Lane's Stochastic (%D-Slow) 87.97
Overbought
Greed/Fear Indicator (GFI) 84.39
Overbought
Moving Average Converg./Diverg. (MACD) 0.90
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.34
Williams' Percentage Range (W%R) 2.50
Strong Overbought
Lane's Stochastic (%D-Slow) 77.60
Greed/Fear Indicator (GFI) 77.44
Moving Average Converg./Diverg. (MACD) 5.33
Trading Signals
Description Value Chart
Monthly Trendline Resistance 102.19
Upper Bollinger Band 101.92
Daily Stochastic Crossing 101.74
Price 101.10
Weekly Stochastic Crossing 98.78
20 Day Moving Average 95.84
50 Day Moving Average 95.09
Parabolic System 94.78
Monthly Trendline Support 94.60
Lower Bollinger Band 91.31
Sector and Industry
Description Name Rank
Sector Healthcare 1
Industry Health Care Plans 128
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 90.07
Low Date 11/15/2017
High 102.99
High Date 12/01/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 89.08
Low Date 10/25/2017
High 102.99
High Date 12/01/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 102.19
Support 94.60
Low 50.00
Low Date 11/09/2016
High 102.99
High Date 12/01/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 47.36
Low Date 02/09/2016
High 102.99
High Date 12/01/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 75.63
Support 64.76
Low 13.10
Low Date 04/14/2008
High 121.08
High Date 02/19/2015
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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