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Archive
- 12/5/2025 -
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Centene Corporation (CNC) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Centene Corporation (CNC). During the week, the CNC dropped -1.00 points, or -2.54%, and closed at 38.34 on Friday, December 5, 2025. Weekly volume was -35% below average.
CNC is a member of Health Care Sector. Health Care 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 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 12.72 and resistance is at 78.59. 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 39.93 on November 26, 2025. CNC gained -14.85 points, or -59.21%, in 15 weeks. The price is now at the 10.71% retracement level.
 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 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 39.93 on November 26, 2025. CNC gained -7.06 points, or -21.48%, in 29 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 35.10 and resistance is at 40.79. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See CNC daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since November 21, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
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