A price action above 73.00 supports a bullish trend direction.
Increase long exposure for a break above 76.00.
The target price is set at 79.00 (its 23.6% Fibonacci retracement level.
The stop-loss is set at 71.00 its 78.6% retracement).
The price action seems to be bouncing from its 200-dau and 200-week simple moving averages. This can support a bullish long-term...
A price action above 75.00 supports a bullish trend direction.
Further bullish confirmation for a break above 79.00.
The profit take is set at 82.00.
The stop-loss price is set at 75.00.
Remains above its 200-day simple moving average, confirming a bullish long-term trend.
The start of upside price momentum further supports the bullish underlying trend.
Price is close to support.
Neutral pattern until broken.
One can calculate targets using the width of the rectangle and projecting that measure up and down from the lines of the rectangle.
Top line is at 71.66 and bottom line is at 60.83.
No recommendation.
CNC has reached a strong up trend on this daily chart.
Possibility for the bulls to make a play here and push price up off the trendline.
It is also a region of strong horizontal support.
Centene posts earnings results pre-market tomorrow
20DMA about to cross the 50DMA. Very strong bullish daily candle today closing near the highs. It's formed a clear cup & handle. Implied price target included.
Watching closely this week.
*No Position but this will have an effect on other healthcare stocks all of which had a strong day today. Humana earnings on...
On the chart, we have a confirmed falling wedge, and we are therefore bullish on CNC.
We will wait for an entry at the breakout of the trend, with the expectation of a ROI of 19%
RSI is showing oversold conditions.
More details are shown on the chart.
CNC is below the neckline of what appears to be a Head and Shoulders pattern.
The 100% level of the downside from the H&S is marked and price is close to the .618 of the possible downside.
Calculated using the distance from the head to the neckline and projected down from the neckline.
Price does not always fall 100% and price can fall further than 100%. A lot...
Price is testing the broken support, there is too much resistance to the upside. This is a good moment to open a short position, I don't think this one is coming back anytime soon.
Centene NYSE:CNC fired off a signal on this morning's open at a "50 in 50" level. The most important level is the COVID Low to All Time High 50% Retracement which for the last few weeks price has been testing. This is an important multi-year level that the stock price needs to hold to continue to retest the all time high.
To reduce the initial risk on this...
Centene Corporation operates as a multi-national healthcare enterprise that provides programs and services to under-insured and uninsured individuals in the United States. Its Managed Care segment offers health plan coverage to individuals through government subsidized programs, including Medicaid, the State children's health insurance program, long-term services...
It looks to be that we have a Bullish Shark pattern as well as the Cypher. Take profits for TP1 $84 and TP2 $98. As you can see the RSI has bottomed out on the daily to support this idea. Let me know what you think in the comments. Thanks!
The PEAD projected a Bullish outlook for $CNC after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 72.73%.
The PEAD projected a Neutral outlook for $CNC after a Negative over reaction following its earnings release placing the stock in drift B with an expected accuracy of 66.67%.
Notes:
* Very strong up trend on all time frames
* Great earnings track record
* Building a base on base pattern
* Held up very well against the general market and its sector
* Recently bounced from its 50 day line
* Printed a pocket pivot with higher than average volume
* Saw a lot of demand around the 50 day line a few days ago with a strong bullish hammer
...
A government-sponsored health care company which looks like it's in trouble.
Is it time to short it?
Fundamental indicators:
Revenue and Profits - although revenue has been consistently growing for the past 10 years, the profits remained consistently low. Earnings (EBIT) are insufficient to safely cover interest payments on company debt
Profit margin -...
Buy (Entry Price) above the black line and exit (Stop Loss) below the red line. Can take profit at the suggested Target Price.
Entry Price: $86.53
Target Price: $87.40
Stop Loss: $85.00
Buy (Entry Price) within the buy zone area and exit (Stop Loss) below the red line. Can take profit at the suggested Target Price.
Entry Price: $84.63 / $83.63
Target Price: $85.86 / $84.68
Stop Loss: $82.58
