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Archive
- 6/6/2025 -
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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 -1.28 points, or -2.27%, and closed at 55.16 on Friday, June 6, 2025. Weekly volume was -9% below average.
CNC is a member of Managed Health Care Industry. Managed Health Care is the eighth most oversold industry. 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 54.01 on June 3, 2025. CNC lost 27.41 points, or 33.66%, in 66 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 43.35 and resistance is at 78.90. 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 downtrend had started on February 3, 2025 at 66.81 and reached 54.01 on June 3, 2025. CNC lost 12.80 points, or 19.16%, in 17 weeks. The price is now at the 8.98% retracement level.
 Weekly Technical Indicators: [See CNC weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold 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.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.
Short-term trend: [See CNC short-term trend chart]
A short-term downtrend had started on April 8, 2025 at 66.03 and reached 54.01 on June 3, 2025. CNC lost 12.02 points, or 18.20%, in 56 days. The price is now at the 9.57% retracement level.
 Daily Technical Indicators: [See CNC daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since May 21, 2025. This is an indication that the short-term trend is down.
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