CNC Should I Buy

Not a good buy right now for a beginner long-term investor who wants to act immediately. The chart is still in a short-term downtrend (bearish MACD expansion) and price is sitting right on/just below key support (~41.40), meaning downside to the next support (~39.62) is very plausible. While options positioning is bullish-leaning (low put/call ratios) and Wall Street price targets have generally moved up recently, the latest quarter shows a severe profitability break (large net loss) and there is near-term headline risk from Medicare Advantage payment updates plus an upcoming earnings event (2026-02-06 pre-market). The better setup is to wait for confirmation of stabilization (reclaiming ~44.30 pivot) or clarity from earnings, rather than buying into a weakening trend at support.

Trend/momentum is bearish in the near term. MACD histogram is -0.7 and negatively expanding, indicating accelerating downside momentum. RSI(6) at ~21 is deeply oversold (often associated with bounce potential), but oversold conditions can persist while a downtrend continues. Moving averages are converging, consistent with an indecisive/transition phase rather than a confirmed uptrend. Key levels: current price ~41.37 is essentially at S1 ~41.403; a clean hold and rebound would be constructive, but a failure increases odds of a move toward S2 ~39.619. Upside resistance to prove trend reversal is the pivot ~44.291, then R1 ~47.179.