CENTENE CORP. - 1H - Technical analysis published on 08/03/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 91.47 USD
My targets
94.26 USD (+1.10%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CENTENE CORP. as long as the price remains well above 91.47 USD. The buyers' bullish objective is set at 94.26 USD. A bullish break in this resistance would boost the bullish momentum. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CENTENE CORP. rating is 93.23 USD. On the day, this instrument lost -0.09% and was between 92.62 USD and 94.12 USD. This implies that the price is at +0.66% from its lowest and at -0.95% from its highest.92.62
94.12
93.23
A study of price movements over other periods shows the following variations:
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
Technical analysis of this 1H chart of CENTENE CORP. indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 89.01 | 91.47 | 93.15 | 93.23 | 94.26 |
| Change (%) | -4.53% | -1.89% | -0.09% | - | +1.10% |
| Change | -4.22 | -1.76 | -0.08 | - | +1.03 |
| Level | Major | Intermediate | Intermediate | - | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 89.11 | 90.22 | 91.76 | 92.87 | 94.41 | 95.52 | 97.06 |
| Camarilla | 92.58 | 92.82 | 93.07 | 93.31 | 93.55 | 93.80 | 94.04 |
| Woodie | 89.34 | 90.33 | 91.99 | 92.98 | 94.64 | 95.63 | 97.29 |
| Fibonacci | 90.22 | 91.23 | 91.85 | 92.87 | 93.88 | 94.50 | 95.52 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 87.61 | 89.32 | 91.15 | 92.86 | 94.69 | 96.40 | 98.23 |
| Camarilla | 92.00 | 92.32 | 92.65 | 92.97 | 93.30 | 93.62 | 93.94 |
| Woodie | 87.66 | 89.35 | 91.20 | 92.89 | 94.74 | 96.43 | 98.28 |
| Fibonacci | 89.32 | 90.68 | 91.51 | 92.86 | 94.22 | 95.05 | 96.40 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 72.12 | 76.94 | 84.95 | 89.77 | 97.78 | 102.60 | 110.61 |
| Camarilla | 89.44 | 90.62 | 91.79 | 92.97 | 94.15 | 95.32 | 96.50 |
| Woodie | 73.73 | 77.74 | 86.56 | 90.57 | 99.39 | 103.40 | 112.22 |
| Fibonacci | 76.94 | 81.84 | 84.87 | 89.77 | 94.67 | 97.70 | 102.60 |
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): | 52.92 | |
| MACD (12,26,9): | 0.2400 | |
| Directional Movement: | 6.19 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 93.26 | |
| Parabolic SAR (0,02-0,02-0,2): | 91.73 | |
| Elder Ray (13): | -0.07 | |
| Super Trend (3,10): | 91.36 | |
| Zig ZAG (10): | 93.10 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 66.79 | |
| TEMA (21): | 93.29 | |
| Williams %R (14): | -31.79 | |
| Chande Momentum Oscillator (20): | 1.60 | |
| Repulse (5,40,3): | -0.1300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 1.48 |
| MA7: | 92.81 | |
| MA20: | 90.11 | |
| MA50: | 85.40 | |
| MA100: | 84.92 | |
| MAexp7: | 93.18 | |
| MAexp20: | 92.95 | |
| MAexp50: | 92.36 | |
| MAexp100: | 90.96 | |
| Price / MA7: | +0.45% | |
| Price / MA20: | +3.46% | |
| Price / MA50: | +9.17% | |
| Price / MA100: | +9.79% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.30% | |
| Price / MAexp50: | +0.94% | |
| Price / MAexp100: | +2.50% |
Quotes :
-
15 min delayed data
-
NYSE Stocks
News
The last news published on CENTENE CORP. at the time of the generation of this analysis was as follows:
- CENTENE FILES PRELIMINARY PROXY STATEMENT FOR SPECIAL MEETING TO PROPOSE ENHANCED CORPORATE GOVERNANCE PROVISIONS
- Health Net Providing Special Assistance to Members Affected by Wildfires
- Health Net Providing Special Assistance to Members Affected by Wildfires
- CENTENE CORPORATION REPORTS SECOND QUARTER 2022 RESULTS
- CENTENE SIGNS DEFINITIVE AGREEMENT TO DIVEST ITS SPANISH AND CENTRAL EUROPEAN BUSINESSES
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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