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Managed Health Care Industry Stocks Technical Analysis - CNCArchive
- 1/23/2026 -
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Centene Corporation (CNC) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week for the Centene Corporation (CNC). During the week, the CNC climbed 0.34 points, or 0.74%, and closed at 46.09 on Friday, January 23, 2026. Weekly volume was -43% below average.
 Long-term trend: [See CNC long-term trend chart]
A long-term downtrend had started on February 26, 2024 at 81.42 and reached 25.08 on August 7, 2025. CNC lost 56.34 points, or 69.20%, in 75 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 8.02 and resistance is at 78.39. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a long-term trend.
 Medium-term trend: [See CNC medium-term trend chart]
A medium-term uptrend had started on August 7, 2025 at 25.08 and reached 47.68 on January 15, 2026. CNC gained -22.60 points, or -90.11%, in 23 weeks. The price is now at the 7.04% retracement level.
 Weekly Technical Indicators: [See CNC weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with 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 and Williams' Percentage Range help.
The weekly MACD line is above its signal line since September 19, 2025. This is an indication that the medium-term trend is up. 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 October 28, 2025 at 32.87 and reached 47.68 on January 15, 2026. CNC gained -14.81 points, or -45.06%, in 79 days. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (41.57) 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 short-term trend.
 Daily Technical Indicators: [See CNC daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
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.
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