CENTENE CORP. - Daily - Technical analysis published on 07/14/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
6%
50%
My opinion
Bullish above 79.06 USD
My targets
89.01 USD (+4.59%)
My analysis
The bullish trend is currently very strong on CENTENE CORP.. As long as the price remains above the support at 79.06 USD, you could try to benefit from the boom. The first bullish objective is located at 89.01 USD. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CENTENE CORP. rating 85.10 USD. On the day, this instrument lost -0.11% with the lowest point at 84.90 USD and the highest point at 86.14 USD. The deviation from the price is +0.24% for the low point and -1.21% for the high point.84.90
86.14
85.10
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this CENTENE CORP. chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : Daily
Near support of channel
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 75.52 | 79.06 | 84.75 | 85.10 | 89.01 |
| Change (%) | -11.26% | -7.10% | -0.41% | - | +4.59% |
| Change | -9.58 | -6.04 | -0.35 | - | +3.91 |
| Level | Major | Minor | Major | - | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 82.92 | 84.02 | 84.60 | 85.70 | 86.28 | 87.38 | 87.96 |
| Camarilla | 84.73 | 84.88 | 85.04 | 85.19 | 85.34 | 85.50 | 85.65 |
| Woodie | 82.67 | 83.89 | 84.35 | 85.57 | 86.03 | 87.25 | 87.71 |
| Fibonacci | 84.02 | 84.66 | 85.06 | 85.70 | 86.34 | 86.74 | 87.38 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 76.56 | 79.16 | 83.58 | 86.18 | 90.60 | 93.20 | 97.62 |
| Camarilla | 86.08 | 86.72 | 87.37 | 88.01 | 88.65 | 89.30 | 89.94 |
| Woodie | 77.48 | 79.62 | 84.50 | 86.64 | 91.52 | 93.66 | 98.54 |
| Fibonacci | 79.16 | 81.84 | 83.50 | 86.18 | 88.86 | 90.52 | 93.20 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 65.20 | 70.03 | 77.32 | 82.15 | 89.44 | 94.27 | 101.56 |
| Camarilla | 81.28 | 82.39 | 83.50 | 84.61 | 85.72 | 86.83 | 87.94 |
| Woodie | 66.43 | 70.65 | 78.55 | 82.77 | 90.67 | 94.89 | 102.79 |
| Fibonacci | 70.03 | 74.66 | 77.52 | 82.15 | 86.78 | 89.64 | 94.27 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 53.55 | |
| MACD (12,26,9): | 1.2100 | |
| Directional Movement: | 5.76 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 85.91 | |
| Parabolic SAR (0,02-0,02-0,2): | 84.85 | |
| Elder Ray (13): | 0.32 | |
| Super Trend (3,10): | 79.94 | |
| Zig ZAG (10): | 85.18 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 59.05 | |
| TEMA (21): | 86.98 | |
| Williams %R (14): | -48.79 | |
| Chande Momentum Oscillator (20): | 0.77 | |
| Repulse (5,40,3): | -0.1000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1800 | |
| Courbe Coppock: | 13.56 |
| MA7: | 86.28 | |
| MA20: | 83.64 | |
| MA50: | 82.79 | |
| MA100: | 83.71 | |
| MAexp7: | 85.84 | |
| MAexp20: | 84.46 | |
| MAexp50: | 83.46 | |
| MAexp100: | 82.48 | |
| Price / MA7: | -1.37% | |
| Price / MA20: | +1.75% | |
| Price / MA50: | +2.79% | |
| Price / MA100: | +1.66% | |
| Price / MAexp7: | -0.86% | |
| Price / MAexp20: | +0.76% | |
| Price / MAexp50: | +1.97% | |
| Price / MAexp100: | +3.18% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
Don't forget to follow the news on CENTENE CORP.. At the time of publication of this analysis, the latest news was as follows:
- CENTENE COMPLETES DIVESTITURE OF PANTHERX RARE
- CENTENE'S DELAWARE SUBSIDIARY AWARDED STATEWIDE MEDICAID CONTRACT
- Thinking about trading options or stock in Nvidia, Centene, McKesson, Humana, or Alibaba?
- CENTENE CORPORATION SCHEDULES 2022 SECOND QUARTER FINANCIAL RESULTS CONFERENCE CALL
- Thinking about trading options or stock in Centene Corp, Humana, United Airlines, Devon Energy, or Freeport-McMoRan?
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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