CNC
Outperforming without a clear catalyst yet
- CNC +3.28% on the last session vs SPY +0.74%: +2.5 pts of stock-specific move.
- Aftermath, big gain (Oct 2): After its 74 big gains in the past 5 years, CNC typically lost 0.4% over the next day (median) and was higher only 39% of the time; half the outcomes fell between -1.6% and +1.3%. An ordinary day: +0.0%. Among S&P 500 stocks after big gains, that ranks #461 of 500.
- Market backdrop (Fri): Average Hourly Earnings m/m 0.1% vs 0.3% expected (cooler); Non-Farm Employment Change 29K vs 89K expected (weaker); S&P futures +0.41%, 10-year yield -5bp in the 30 minutes after.
After each kind of event
| Event | Events | 1 day | 1 week | 1 month | 1 quarter |
|---|---|---|---|---|---|
| Any day | 1,255 | 0.0%#286 H | +0.3%#257 H | +0.8%#259 H | +1.2%#312 M |
| Big drop (-3.0% or worse) | 67 | +0.1%#272 H | +0.2%#389 H | +0.9%#353 H | +3.5%#264 M |
| Big gain latest session (+3.1% or better) | 75 | -0.4%#461 H | +0.6%#189 H | +1.5%#222 H | +0.9%#354 M |
| Earnings beat | 19 | -0.6%#458 M | +0.2%#309 M | 0.0%#354 M | +0.2%#442 M |
| Earnings miss | 1 | -5.4%– | -8.7%– | +2.4%– | +21.0%– |
| 52-week high | 5 | -0.7%#318 L | -2.0%#329 L | -2.9%#387 L | -5.6%– |
| 52-week low | 10 | -0.2%#209 M | +2.6%#59 M | 0.0%#164 M | +3.5%#171 L |
| Crossed above 200-day avg | 11 | -0.6%#403 M | +1.1%#143 M | +0.1%#297 M | -5.0%#324 M |
| Crossed below 200-day avg | 10 | -0.1%#271 M | +0.3%#253 M | +2.1%#128 M | +3.0%#237 L |
| RSI oversold | 10 | -0.3%#458 M | +0.7%#239 M | -4.8%#369 M | +4.8%#250 L |
| RSI overbought | 11 | +0.6%#211 M | +0.3%#216 M | +0.3%#261 M | +6.1%#171 L |
| Reddit spike | 1 | -0.8%– | -5.6%– | -21.3%– | +10.5%– |
| Analyst upgrade | — | — | — | — | — |
| Analyst downgrade | — | — | — | — | — |
| Insider buy | — | — | — | — | — |
| Insider unplanned sale | — | — | — | — | — |
Median gain from the close of the session the event was known, over each holding period; #rank among the S&P 500 stocks after the same kind of event (#1 = best). "Big" is CNC's own: its worst / best 10% of days over the prior 2 years. Highlighted: happening in the latest session.
RSI overbought
The 14-day RSI rises above 70.
| Holding | Events | Median (likely range) | Confidence | Rank | Up | vs SPY | Range of outcomes (worst · 25–75% · median · best) | vs S&P 500 stocks (their medians) |
|---|---|---|---|---|---|---|---|---|
| 1 day | 11 | +0.60% (-0.6 to +2.4) | Medium | #211 of 501 | 55% | +0.19% |
-9%
+14%
|
|
| 1 week | 11 | +0.27% (-2.2 to +2.7) | Medium | #216 of 501 | 55% | +1.43% |
-12%
+23%
|
|
| 1 month | 11 | +0.32% (-3.9 to +6.5) | Medium | #261 of 501 | 55% | -1.62% |
-9%
+35%
|
|
| 1 quarter | 11 ≈7 indep. | +6.13% (-18.7 to +8.6) | Low | #171 of 501 | 64% | +6.68% |
-25%
+47%
|
Range of outcomes: all of CNC's overbought readings in the past 5 years, from the worst to the best result over each holding period; the box holds the middle half, the tick is the median. A wide box means the median alone says little. Hover the median for the average.
RSI overbought by trend
| When it happened | Events | 1 day | 1 week | 1 month | 1 quarter |
|---|---|---|---|---|---|
| Long trendAbove its 200-day avg now | 7 | +0.6%L vs 0.0% | +0.3%L vs +0.3% | +0.3%L vs -1.2% | -12.6%L vs -1.6% |
| Below its 200-day avg | 1 | +5.1%– vs 0.0% | +2.7%– vs -0.1% | -3.9%– vs +0.8% | +13.5%– vs +0.9% |
| Medium trendAbove its 50-day avg | 9 | +1.8%M vs 0.0% | +1.4%M vs +0.1% | -2.4%M vs -0.8% | +1.6%L vs -1.0% |
| Below its 50-day avg now | — | — | — | — | — |
| Short trendAbove its 20-day avg | 10 | +1.2%M vs 0.0% | +0.8%M vs +0.3% | -1.0%M vs 0.0% | +3.9%L vs -0.2% |
| Below its 20-day avg now | — | — | — | — | — |
The same event split by where CNC stood against its 200-, 50- and 20-day averages when it happened (a dip in an uptrend vs a falling knife); "vs" is the plain any-day median in that trend; "now" marks where it stands today. Splitting halves the evidence, so watch the confidence letters: H / M / L.
Latest overbought readings
| Event | Entry | 1 day | 1 week | 1 month | 1 quarter | |
|---|---|---|---|---|---|---|
| May 29, 2026 | May 29 @ $59.60 | RSI 71.4, +1.2% on the day | +4.0% | +4.6% | +7.7% | +8.6% |
| Apr 27, 2026 | Apr 27 @ $43.50 | RSI 73.6, +4.0% on the day | +14.0% | +23.1% | +35.2% | +46.9% |
| Jan 5, 2026 | Jan 5 @ $44.68 | RSI 75.7, +6.9% on the day | +2.4% | +3.8% | -8.3% | -18.7% |
| Oct 2, 2025 | Oct 2 @ $36.82 | RSI 73.4, +3.0% on the day | +5.1% | +2.7% | -3.9% | +13.5% |
| Sep 3, 2024 | Sep 3 @ $80.23 | RSI 70.8, +1.8% on the day | -8.7% | -11.5% | -9.5% | -25.1% |
| Jul 30, 2024 | Jul 30 @ $77.10 | RSI 71.9, +4.9% on the day | -0.2% | -2.2% | +1.4% | -20.0% |
| Oct 18, 2023 | Oct 18 @ $72.98 | RSI 72.3, +1.2% on the day | -1.4% | -5.9% | +0.3% | +1.6% |
| Aug 12, 2022 | Aug 12 @ $96.64 | RSI 71.7, +2.8% on the day | +0.6% | +0.3% | -6.8% | -12.6% |
| Dec 14, 2021 | Dec 14 @ $81.85 | RSI 73.1, +4.7% on the day | +1.8% | +1.4% | -2.4% | +6.1% |
| Nov 17, 2021 | Nov 17 @ $76.18 | RSI 72.9, +1.6% on the day | -1.1% | -0.7% | +9.0% | +8.7% |
| Oct 26, 2021 | Oct 26 @ $70.97 | RSI 76.6, +4.4% on the day | -0.6% | -2.3% | +6.5% | +6.2% |
Aftermath: entry is the close of the first session the event was fully known (the same session for price moves, the reaction session for earnings, the next session for Reddit, analyst and insider events, which are dated by day). Repeats within a few sessions count as one event. Past performance after an event says nothing certain about the next one. Not advice.