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Archive
- 10/16/2026 -
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Centene Corporation (CNC) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a third positive week after 3 consecutive negative weeks for the Centene Corporation (CNC). During the week, the CNC gained 3.80 points, or 5.81%, and closed at 69.16 on Friday, October 16, 2026. It was the best weekly gain since June 26, 2026. Weekly volume was -30% 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 August 15, 2022 at 98.53 and reached 25.08 on August 7, 2025. CNC lost 73.45 points, or 74.55%, in 155 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (2.86) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. CNC may retest the broken resistance line. It is considered to be a support line now. 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 March 30, 2026 at 31.63 and reached 71.21 on October 16, 2026. CNC gained -39.58 points, or -125.13%, in 28 weeks. The price is now at the 5.18% 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 below its signal line since August 21, 2026. 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 October 1, 2026 at 59.46 and reached 71.21 on October 16, 2026. CNC gained -11.75 points, or -19.76%, in 15 days. The price is now at the 17.45% retracement level.
 Daily Technical Indicators: [See CNC daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since October 5, 2026. This is an indication that the short-term trend is up.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Health Care |
11 |
| Industry |
Managed Health Care |
101 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
59.46 |
| Low Date |
10/01/2026 |
| High |
71.21 |
| High Date |
10/16/2026 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
59.46 |
| Low Date |
10/01/2026 |
| High |
71.21 |
| High Date |
10/16/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
31.63 |
| Low Date |
03/30/2026 |
| High |
71.21 |
| High Date |
10/16/2026 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
25.08 |
| Low Date |
08/07/2025 |
| High |
71.21 |
| High Date |
10/16/2026 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Broadening Descending Wedge |
| Status |
Broken Resistance |
| Resistance |
51.88 |
| Support |
2.86 |
| High |
98.53 |
| High Date |
08/15/2022 |
| Low |
25.08 |
| Low Date |
08/07/2025 |
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