Resistance

Daily

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>CNC stock price is trading close to the breakout region.</a> </li> 
 <li> <span>2</span> <a>Buyers are willing to surpass the hurdle of $70 to extend the gains.</a> </li> 
</ul> 
<p>Centene Corporation (NYSE: CNC) CNC stock price is trading near the 200-day EMA, showing a range-bound move over the past few sessions. CNC stock is trying to escape the resistance mark of $70 and is willing to retain the swings of $80, followed by $100 in the subsequent sessions. Moreover, the price action shows buyers’ accumulation. Long build-up activity was noted in the past sessions showing investors’ interest and willingness to raise the stock price beyond the 200-day EMA hurdle.</p> 
<p>Centene Corp. (CNC stock) price is consolidating and trading in the narrow range between $60 and $70, and is yet to make any decisive moves beyond the range. However, the bulls and bears are trying their best, but due to equal interest and participation, CNC stock price is stuck in the congestion zone and is unable to escape the region.</p> 
<p>At press time, CNC stock price is trading at $67.81 with an intraday gain of 0.30%, showing neutrality on the charts. Moreover, the trading volume increased by 1.90% to 5.348 Million, and the market cap is $36.718 Billion. However, analysts maintained a buy rating with a yearly target price of $81.68, suggesting a solid growth outlook for the following sessions. CNC stock persisted in giving positive returns to its investors. CNC stock has weekly returns of (+2.91%); and (+4.15) monthly.</p> 
<p>Centene Corp. operates as a healthcare enterprise that provides programs and services to government-sponsored healthcare programs. It operates through the following segments: Medicaid, Medicare, Commercial, and Other. The company was founded in 1984 and is headquartered in St. Louis, MO.</p> 
<h2 class="wp-block-heading" id="strong-cnc-stock-stuck-in-narrow-range-on-daily-charts-strong"><strong>CNC Stock Stuck In Narrow Range On Daily Charts</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" loading="lazy" width="1024" height="464" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-500-1024x464.png" alt="" class="wp-image-168860" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-500-1024x464.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-500-300x136.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-500-768x348.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-500-1536x696.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-500-750x340.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-500-1140x517.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-500.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: CNC Stock Price Chart At TradingView
  </figcaption>
 </figure>
</div> 
<p>On the daily charts, CNC <a href="https://www.thecoinrepublic.com/2023/08/23/crwd-stock-price-prediction-how-high-can-nasdaq-crwd-reach/" target="_blank" rel="noreferrer noopener">stock price</a> is hovering in a narrow range, facing the immediate hurdle of a 200-day EMA. However, the buying interest persists, as the stock did not drop the gains and stayed near the upper neckline.&nbsp;</p> 
<p>The RSI curve stayed in the overbought zone and showed a bullish divergence, forming a positive crossover that suggests a breakout in the following sessions.</p> 
<p>The MACD indicator showed a bullish crossover and formed green bars on the histogram, suggesting a significant upswing in the following sessions.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>Centene Corp. (NYSE: CNC) stock price faces the 200-day EMA hurdle and is waiting for a decisive move beyond the resistance mark of $70. Moreover, the price action indicates that the buying interest and trading volume are above average, suggesting that investors are interested. CNC stock price could rise to the $100 mark in the upcoming sessions.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p><strong>Support Levels:</strong> $60 and $50</p> 
<p><strong>Resistance Levels: </strong>$70 and $80</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.</p>

Centene Stock (NYSE: CNC) Chart Shows Double Bottom, Will It Cross $70?

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