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Uptrend ExhaustionArchive
- 7/2/2026 -
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Centene Corporation (CNC) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second consecutive positive week for the Centene Corporation (CNC). During the week, the CNC gained 2.13 points, or 3.24%, and closed at 67.86 on Thursday, July 2, 2026. Weekly volume was -49% 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 (8.34) 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 69.29 on July 2, 2026. CNC gained -37.66 points, or -119.06%, in 13 weeks. Price is near the trend high.
 Weekly Technical Indicators: [See CNC weekly technical indicators chart]
Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Weekly Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since April 24, 2026. 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 June 17, 2026 at 59.90 and reached 69.29 on July 2, 2026. CNC gained -9.39 points, or -15.68%, in 15 days. The price is now at the 15.23% retracement level.
 Daily Technical Indicators: [See CNC daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The distance between the Bollinger Bands is falling, and it was 11.85% on Friday. It is 61.63% lower than one year average. It indicates the period of low volatility of the stock price. 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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