THE CIGNA GROUP (CI) Stock Technical Analysis
NYSE:CI - New York Stock Exchange, Inc. - US1255231003 - Common Stock - Currency: USD
Taking everything into account, CI scores 0 out of 10 in our technical rating. CI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, CI is a bad performer in the overall market: 90% of all stocks are doing better.
CI is one of the lesser performing stocks in the Health Care Providers & Services industry. 61% of 103 stocks in the same industry do better.
CI is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month CI has a been trading in the 256.89 - 314.60 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
CI has an average volume of 1892780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of CI is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
259.60
346.49
When analyzing the support we notice one important area.
- A support zone ranging from 262.22 to 262.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 295.36 to 299.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @321.60 from a trend line in the weekly time frame.
- Resistance @330.19 from a horizontal line in the daily time frame.
- A resistance zone ranging from 337.80 to 343.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The short term trend for CI is down. |
| ChartMill Relative Strength | 10.05 | NEGATIVE | CI has a low relative strength, it was outperformed by 89.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CI is below 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) | 29.04 | OVERSOLD | The low RSI value suggests CI may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.44 | NEGATIVE | The MACD value suggests CI has a negative trend. |
| Stochastics (14,3) | 12.61 | OVERSOLD | The low Stochastics value suggests CI may be oversold. |
| Average True Range in percent/ATR (20) | 3.17 | MEDIUM VOLATILITY | The ATR as a percentage value for CI suggests some volalility. |
| Average Directional Index/ADX (14) | 31.58 | POSITIVE | The high ADX value value for CI suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
266.59
+4.36 (+1.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg1.66%
1 Week-8.82%
2 Weeks-9.57%
1 Month-15%
3 Month-20.05%
6 Month-7.02%
12 Month-20.69%
2 Year-3.5%
3 Year-5.95%
5 Year50.3%
10 Year89.35%
15 Year727.41%
Volatility
ATR(14)9.89
ATR(20)%3.17%
ATR Inc19.83%
Range Today7.42
ADR(20)8.13
ADR(20)%3.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.05
Mansfield-2.23
10 Day High304.8
10 Day Low256.89
20 Day High314.6
20 Day Low256.89
52 Week High370.83
52 Week Low256.89
CS1 End262.22
CR1 Start295.36
Volume & EV
DER(3)-1.55%
DER(5)-0.77%
Volume2.50M
Volume Incr88.47%
Vol(5)3.17M
Vol(50)1.89M