Trading (CNC) With Integrated Risk Controls
February 06, 2024, 08:10 am ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CNC
- Buy CNC slightly over 73.57 target 78.06 stop loss @ 73.36 Details
The technical summary data tells us to buy CNC near 73.57 with an upside target of 78.06. This data also tells us to set a stop loss @ 73.36 to protect against excessive loss in case the stock begins to move against the trade. 73.57 is the first level of support below 76.34 , and by rule, any test of support is a buy signal. In this case, support 73.57 is being tested, a buy signal would exist.
- Short CNC slightly under 78.06, target 73.57, stop loss @ 78.29 Details
The technical summary data is suggesting a short of CNC as it gets near 78.06 with a downside target of 73.57. We should have a stop loss in place at 78.29though. 78.06 is the first level of resistance above 76.34, and by rule, any test of resistance is a short signal. In this case, if resistance 78.06 is being tested, a short signal would exist.
Swing Trading Plans for CNC
- Buy CNC slightly over 78.06, target n/a, Stop Loss @ 77.83 Details
If 78.06 begins to break higher, the technical summary data tells us to buy CNC just slightly over 78.06, with an upside target of n/a. The data also tells us to set a stop loss @ 77.83 in case the stock turns against the trade. 78.06 is the first level of resistance above 76.34, and by rule, any break above resistance is a buy signal. In this case, 78.06, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short CNC slightly near 78.06, target 75.72, Stop Loss @ 78.29. Details
The technical summary data is suggesting a short of CNC if it tests 78.06 with a downside target of 75.72. We should have a stop loss in place at 78.29 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 78.06, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for CNC
- Buy CNC slightly over 78.06, target n/a, Stop Loss @ 77.88 Details
If 78.06 begins to break higher, the technical summary data tells us to buy CNC just slightly over 78.06, with an upside target of n/a. The data also tells us to set a stop loss @ 77.88 in case the stock turns against the trade. 78.06 is the first level of resistance above 76.34, and by rule, any break above resistance is a buy signal. In this case, 78.06, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short CNC slightly near 78.06, target 75.72, Stop Loss @ 78.24. Details
The technical summary data is suggesting a short of CNC if it tests 78.06 with a downside target of 75.72. We should have a stop loss in place at 78.24 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 78.06, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Centene Corporation (CNC) available here: CNC.
CNC Ratings for February 06:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Weak |
Neutral |
| P1 |
0 |
0 |
68.84 |
| P2 |
74.39 |
73.6 |
73.57 |
| P3 |
75.5 |
75.72 |
78.06 |
AI Generated Signals for CNC
Blue = Current Price
Red= Resistance
Green = Support
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Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Centene Corporation (NYSE: CNC) report below can help you, but we have more details too. The trading plans for CNC, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.
Fundamental Charts for CNC:
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