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Takip Edin: @UscMarketsCNC Stock Forecast & Centene Corporation Chart Analysis
This article provides a detailed analysis of CNC-Centene Corporation stock including a forecast for CNC shares. It features Centene Corporation technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
Stocks can be purchased through banks, brokerage firms, investment funds, and individual retirement systems.
CNC Historical Data Review
CNC Current Price Performance Analysis
The Centene Corporation - CNC stock traded on the American stock market, on 06-05-2024, closed at 69.7$ with a %-0.63 decreased compared to the previous day.
In the last month, the price of CNC changed by %-7.24 decreased in value, from 75.14 dollars on 05-06-2024 to 69.7 dollars, decreased.
Last year, the price of CNC was 66.73 dollars on 06-06-2023, and changed by %4.45 increased in value, to 69.7 dollars increased within a year.
The price of Centene Corporation stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
CNC with AI Stock Forecast & Price Target
On the CNC chart Centene Corporation price was recorded as 69.7 Dollars on 06/05/2024.
The artificial intelligence's forecast on CNC stock is as follows.
The artificial intelligence's prediction error margin for CNC stock is very high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Centene Corporation stock over the next 4 months is: 65.2 Dollars.
The commentary on CNC stock Target Price: Highest: 74.576 Dollars is predicted.
The commentary on CNC stock Target Price: Lowest: 61.13 Dollars is predicted.
Resistance Price where Centene Corporation stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 10-03-2024 | 64.257 |
| 11-22-2024 | 66.082 |
| 01-06-2025 | 63.680 |
| 03-07-2025 | 68.743 |
Support Price where Centene Corporation stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-29-2024 | 61.130 |
| 10-18-2024 | 63.667 |
| 01-01-2025 | 63.640 |
| 01-21-2025 | 63.579 |
| 04-01-2025 | 67.369 |
The commentary on CNC stock: The target price can generally be said to be on the decline.
The commentary on CNC stock: Fluctuations in the target price can be expected in the coming days.
The target price for Centene Corporation stock by the end of 2024 is predicted to be 63.723 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on CNC stock, and the 2024 target price predictions for Centene Corporation are detailed above.
The technical analysis and charts for the commentary on CNC stock are below.
CNC Support & Resistance and Trend Analysis
CNC stock you have reviewed the technical analysis support resistance charts regarding.
CNC : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the CNC review, the Centene Corporation support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Centene Corporation Support and Resistance Prices:
| CNC Support Level Price | CNC Resistance Level Price |
|---|---|
| 66.79 | 75.31 |
| 68.15 | 76.44 |
| 70.06 | 77.36 |
| 70.30 | 77.69 |
| 71.48 | 77.83 |
| 72.05 | 78.97 |
| 74.72 | 79.02 |
| 79.83 | |
| 81.42 |
CNC Technical Analysis: SMA, RSI, MACD
Upon reviewing the CNC chart, buy and sell signals have been generated in the Centene Corporation technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for CNC stock are as follows:- CNC technical analysis indicates that the 14-period RSI has most recently generated a 'Buy' signal.
- The technical analysis for Centene Corporation gave a 'Buy' signal when the RSI was at 20.975, with the current RSI value at 25.625.
- The technical analysis for Centene Corporation indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for Centene Corporation stock: Click here to read more predictions on Oversea-Chinese Banking Corporation stock.
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