THE CIGNA GROUP (CI) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CI - US1255231003 - Common Stock
Overall CI gets a technical rating of 2 out of 10. In the past year, CI was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
CI has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 278.04. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 274.82, a Stop Loss order could be placed below this zone.
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269.31
When analyzing the support we notice one important area.
- A support zone ranging from 272.03 to 274.82. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 278.04 to 278.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @295.35 from a trend line in the daily time frame.
- A resistance zone ranging from 302.33 to 304.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 311.01 to 311.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @337.80 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for CI is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CI is up. |
| ChartMill Relative Strength | 28.56 | NEGATIVE | CI has a low relative strength, it was outperformed by 71.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CI is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.83 | NEUTRAL | The RSI value for CI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.68 | POSITIVE | The MACD value suggests CI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.52 | OVERBOUGHT | The high Stochastics value suggests CI may be overbought. |
| Average True Range in percent/ATR (20) | 1.64 | LOW VOLATILITY | The low ATR as a percentage value for CI suggests low volalility. |
| Average Directional Index/ADX (14) | 9.44 | NEGATIVE | The low ADX value for CI suggests a weak or negative trend. |
275.23
-1.25 (-0.45%)
THE CIGNA GROUP / CI FAQ
What is the technical rating for CI stock?
ChartMill assigns a technical rating of 2 / 10 to CI.
What is the current trend direction of THE CIGNA GROUP (CI) stock?
The current trend direction for THE CIGNA GROUP (CI) is Bearish.
What is the RSI signal for THE CIGNA GROUP (CI) stock?
THE CIGNA GROUP (CI) has an RSI value of 51.8328. This indicates that the stock is currently neutral.
What is the MACD signal for THE CIGNA GROUP (CI) stock?
The MACD indicator for THE CIGNA GROUP (CI) has a value of 0.684145, indicating a bearish trend.
What is the short term momentum for CI stock?
The short term momentum for THE CIGNA GROUP (CI) is positive.