CENTENE CORP. - 1H - Technical analysis published on 09/16/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
11%
56%
My opinion
Bearish under 62.45 USD
My targets
59.48 USD (-3.06%)
57.97 USD (-5.52%)
My analysis
The bearish trend is currently very strong for CENTENE CORP.. As long as the price remains below the resistance at 62.45 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 59.48 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 57.97 USD as an objective. Crossing it would then enable sellers to target 54.39 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.4
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CENTENE CORP. rating 61.36 USD. The price registered a decrease of -0.44% on the session with the lowest point at 61.11 USD and the highest point at 62.55 USD. The deviation from the price is +0.41% for the low point and -1.90% for the high point.61.11
62.55
61.36
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CENTENE CORP. in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 6 are bullish, 10 are neutral and 2 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 54.39 | 57.97 | 59.48 | 61.36 | 62.45 | 64.88 | 65.81 |
| Change (%) | -11.36% | -5.52% | -3.06% | - | +1.78% | +5.74% | +7.25% |
| Change | -6.97 | -3.39 | -1.88 | - | +1.09 | +3.52 | +4.45 |
| Level | Major | Major | Intermediate | - | Major | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 58.44 | 59.30 | 60.47 | 61.33 | 62.50 | 63.36 | 64.53 |
| Camarilla | 61.07 | 61.26 | 61.44 | 61.63 | 61.82 | 62.00 | 62.19 |
| Woodie | 58.59 | 59.38 | 60.62 | 61.41 | 62.65 | 63.44 | 64.68 |
| Fibonacci | 59.30 | 60.08 | 60.56 | 61.33 | 62.11 | 62.59 | 63.36 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 53.56 | 56.64 | 58.19 | 61.27 | 62.82 | 65.90 | 67.45 |
| Camarilla | 58.46 | 58.88 | 59.31 | 59.73 | 60.15 | 60.58 | 61.00 |
| Woodie | 52.79 | 56.26 | 57.42 | 60.89 | 62.05 | 65.52 | 66.68 |
| Fibonacci | 56.64 | 58.41 | 59.51 | 61.27 | 63.04 | 64.14 | 65.90 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 52.01 | 57.19 | 60.09 | 65.27 | 68.17 | 73.35 | 76.25 |
| Camarilla | 60.76 | 61.50 | 62.24 | 62.98 | 63.72 | 64.46 | 65.20 |
| Woodie | 50.86 | 56.62 | 58.94 | 64.70 | 67.02 | 72.78 | 75.10 |
| Fibonacci | 57.19 | 60.28 | 62.19 | 65.27 | 68.36 | 70.27 | 73.35 |
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): | 45.80 | |
| MACD (12,26,9): | -0.1300 | |
| Directional Movement: | 0.58 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 61.42 | |
| Parabolic SAR (0,02-0,02-0,2): | 60.26 | |
| Elder Ray (13): | -0.18 | |
| Super Trend (3,10): | 62.65 | |
| Zig ZAG (10): | 61.39 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 53.92 | |
| TEMA (21): | 61.55 | |
| Williams %R (14): | -47.48 | |
| Chande Momentum Oscillator (20): | 0.45 | |
| Repulse (5,40,3): | -0.5900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 0.07 |
| MA7: | 61.61 | |
| MA20: | 63.07 | |
| MA50: | 66.95 | |
| MA100: | 68.74 | |
| MAexp7: | 61.51 | |
| MAexp20: | 61.63 | |
| MAexp50: | 62.06 | |
| MAexp100: | 62.74 | |
| Price / MA7: | -0.41% | |
| Price / MA20: | -2.71% | |
| Price / MA50: | -8.35% | |
| Price / MA100: | -10.74% | |
| Price / MAexp7: | -0.24% | |
| Price / MAexp20: | -0.44% | |
| Price / MAexp50: | -1.13% | |
| Price / MAexp100: | -2.20% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The latest news and videos published on CENTENE CORP. at the time of the analysis were as follows:
- Reminder: Centene Corporation's 2021 Third Quarter Financial Results Conference Call
- Centene's Board Of Directors Appoints Sarah London As Vice Chairman
- Centene's Nevada Health Plan Awarded Medicaid Managed Care Contract
- Centene Subsidiary Buckeye Health Plan Awarded Ohio Medicaid Contract
- Centene Names Rich Fisher SVP And Medicare CEO
This member declared not having a position on this financial instrument or a related financial instrument.
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