Centene (CNC) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for CNC · data as of Aug 4, 2026. The chart above is live; the read below updates daily.

$64.07last close · Aug 4, 202652-week range $25.07 – $69.36 · 7.62% below the high

CNC Rising Wedge Pattern

CNC is currently forming a rising wedge on the daily timeframe. Detected Aug 4, 2026.

A rising wedge is a breakdown that suggests the recent run may be rolling over. A breakout projects a measured-move target near $58.15 (−12.6%). Across 9,519 backtested rising wedges, the setup followed through 50.0% of the time, averaging +0.19R; CNC's own rising wedges have hit 56.3%.

DirectionBearishTarget$58.15Projected move−12.6%Breakout level$65.59

New to this pattern? What a rising wedge is and how to trade it →

CNC's Most Recent Rising Wedge Trade

CNC's most recent completed rising wedge resolved as a win: it broke down on Jul 23, 2026 near $63.95, then reached its target at $58.15 on Jul 28, 2026 — a +1.57R move (9.1%) over 3 sessions. Across 92 backtested rising wedges, this setup wins 57.6% of the time.

OutcomeWinResult+1.57REntry$63.95Exit$58.15

Learn about rising wedge

How Rising Wedges Have Performed

Win rate
50.0%
Avg return
+0.19R
Backtested trades
9,519
CNC win rate
56.3%

Historical pattern statistics (2006-08-04 – 2026-08-04), not a prediction.

How these backtests work →

CNC Pattern Trade History

Every completed pattern trade our nightly backtest found on CNC's daily chart, newest first — wins and losses alike.

PatternEntryExitOutcomeResult
Rising WedgeJul 23, 2026 @ $63.95Jul 28, 2026 @ $58.15Win+1.57R
Rising WedgeJan 5, 2026 @ $43.28Jan 16, 2026 @ $45.75Win+0.47R
TriangleNov 24, 2025 @ $39.31Dec 16, 2025 @ $38.97Loss-0.07R
Falling WedgeDec 12, 2024 @ $58.50Jun 2, 2025 @ $54.91Loss-1.03R
Falling WedgeNov 21, 2024 @ $59.40Dec 6, 2024 @ $56.76Loss-1.20R
TriangleOct 15, 2024 @ $69.55Oct 17, 2024 @ $63.05Win+1.65R
Falling WedgeJul 3, 2024 @ $66.42Jul 23, 2024 @ $64.89Loss-2.01R
Falling WedgeMay 6, 2024 @ $75.21May 30, 2024 @ $68.96Loss-1.21R
Rising WedgeJan 18, 2024 @ $74.61Feb 22, 2024 @ $80.07Loss-1.05R
Rising WedgeOct 23, 2023 @ $71.73Nov 21, 2023 @ $73.70Loss-1.13R
Rising WedgeAug 16, 2023 @ $65.08Oct 17, 2023 @ $72.12Loss-1.07R
TriangleNov 22, 2022 @ $83.46Jan 5, 2023 @ $77.26Loss-1.39R

CNC Support and Resistance Levels

Price was turned away at a ceiling near $68.31 about 2 weeks ago and has been sliding since. On the weekly chart, the next floor below sits near $31.63 — still about 51% away.

  • Traders commonly watch $31.63 as a target (its 100% retracement) — think of it as a sensible next stop, not a guarantee.
  • That floor is the first place the slide might steady — worth watching how price behaves as it gets there.
  • There's nothing to act on here — the spot to watch was the $68.31 ceiling about 2 weeks ago, when price was turned away there, but price has already pulled lower. What's left is the slide playing out, not a fresh starting point.

Nearest auto-detected support sits near $32.97, resistance near $67.34. These are chart/swing-derived levels, not formula pivots.

Resistance
$67.34$68.54$68.56$69.57$83.64$170.27
Support
$32.97

CNC Recent Daily Prices

DateOpenHighLowClose
Aug 4, 2026$64.30$64.76$63.48$64.07
Aug 3, 2026$61.84$63.79$61.22$63.76
Jul 31, 2026$61.05$62.55$60.49$62.22
Jul 30, 2026$61.40$62.04$59.83$60.84
Jul 29, 2026$64.40$64.95$61.44$61.82
Jul 28, 2026$59.51$64.92$56.67$63.91
Jul 27, 2026$63.83$64.76$62.53$64.08
Jul 24, 2026$64.19$64.60$62.97$63.41
Jul 23, 2026$63.95$64.90$62.86$63.74
Jul 22, 2026$67.24$67.57$65.56$65.89

CNC Frequently Asked Questions

What chart pattern is CNC forming right now?
As of Aug 4, 2026, TradingPal's detector identifies a rising wedge on Centene (CNC) on the daily chart, with a measured-move target of $58.15.
Is a rising wedge bullish or bearish?
The rising wedge detected on CNC is a bearish pattern, projecting a measured-move target of $58.15. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a rising wedge pattern, and what is its win rate?
Across TradingPal's backtest of the rising wedge family (9,519 trades over 631 symbols), it resolved in the expected direction 50.0% of the time with an average of +0.19R. These are historical statistics, not a prediction.
What are the support and resistance levels for CNC?
Based on auto-detected, swing-derived levels (as of Aug 4, 2026), CNC's nearest support is around $32.97 and nearest resistance around $67.34.
What is the price target if CNC's pattern breaks out?
The detected rising wedge has a geometry-based measured-move target of $58.15 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was CNC's closing price on Aug 4, 2026?
Centene (CNC) last closed at $64.07 on Aug 4, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.