CI Technical Analysis - THE CIGNA GROUP

Technical Rating and Analysis

We assign a technical rating of 5 out of 10 to CI. In the last year, CI was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

77% of all other stocks performed better in the past year than CI.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.

In the last month CI has a been trading in the 282.80 - 315.47 range, which is quite wide. It is currently trading near the high of this range.

CI has an average volume of 1766730 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

CI is part of the Health Care Providers & Services industry. There are 101 other stocks in this industry, CI did better than 46% of them.

CI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CI is lagging the market.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

CI has an average technical rating and it also does not offer a high 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

256.21

343.45

We found 2 important support areas.

A support zone ranging from 288.66 to 295.41. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 258.80 to 262.22. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 2 important resistance areas.

Resistance @313.34 from a trend line in the weekly time frame.
A resistance zone ranging from 330.19 to 340.05. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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	NEUTRAL	NEUTRAL	The long term trend for CI is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for CI is up.
ChartMill Relative Strength	23.34	NEGATIVE	CI has a low relative strength, it was outperformed by 76.66% 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)	UP	POSITIVE	The current price of CI is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of CI is above the rising SMA(200).
Relative Strength Index/RSI (14)	60.35	NEUTRAL	The RSI value for CI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	1.93	POSITIVE	The MACD value suggests CI has a positive trend.
Stochastics (14,3)	74.21	NEUTRAL	The Stochastics value for CI is a neutral value.
Average True Range in percent/ATR (20)	2.17	MEDIUM VOLATILITY	The ATR as a percentage value for CI suggests some volalility.
Average Directional Index/ADX (14)	20.33	NEUTRAL	The ADX value for CI suggests a possible start of a new trend.