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Downtrend ExhaustionArchive
- 7/3/2025 -
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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 -20.68 points, or -38.30%, and closed at 33.31 on Thursday, July 3, 2025. Weekly volume was 646% above average.
CNC is a member of Managed Health Care Industry. Managed Health Care is the sixth 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 33.30 on July 3, 2025. CNC lost 48.12 points, or 59.10%, in 70 weeks. Price is near the trend low.
Medium-term trend: [See CNC medium-term trend chart]
A medium-term downtrend had started on February 3, 2025 at 66.81 and reached 33.30 on July 3, 2025. CNC lost 33.51 points, or 50.16%, in 21 weeks. Price is near the trend low.
 Weekly Technical Indicators: [See CNC weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold 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 below its signal line since May 30, 2025. This is an indication that the medium-term trend is down. 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 33.30 on July 3, 2025. CNC lost 32.73 points, or 49.57%, in 86 days. The chart has formed a Falling Channel chart pattern.
 Daily Technical Indicators: [See CNC daily technical indicators chart]
Daily Relative Strength Index is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index or strongly oversold daily Williams' Percentage Range. Use the following link to access Relative Strength Index help.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The distance between the Bollinger Bands (77.09%) is close to one year high (31.77%). It is 502.08% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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