CI Technical Analysis - THE CIGNA GROUP

Technical Rating and Analysis

Overall CI gets a technical rating of 0 out of 10. CI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.

86% of all other stocks performed better in the past year than CI.

CI is one of the lesser performing stocks in the Health Care Providers & Services industry. 60% of 101 stocks in the same industry do better.

CI has an average volume of 1714960 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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.

In the last month CI has a been trading in a tight range between 292.32 and 308.42.

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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 a poor technical rating and the quality of the setup is also only medium at the moment. Prices have been consolidating lately.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

256.21

341.18

When analyzing the support we notice one important area.

A support zone ranging from 258.80 to 265.59. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 3 important resistance areas.

A resistance zone ranging from 300.42 to 305.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @316.09 from a trend line in the weekly time frame.
A resistance zone ranging from 330.19 to 337.80. 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

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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	DOWN	NEGATIVE	The long term trend for CI is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for CI is neutral.
ChartMill Relative Strength	14.73	NEGATIVE	CI has a low relative strength, it was outperformed by 85.27% 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	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)	44.23	NEUTRAL	The RSI value for CI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.73	NEGATIVE	The MACD value suggests CI has a negative trend.
Stochastics (14,3)	29.19	NEUTRAL	The Stochastics value for CI is a neutral value.
Average True Range in percent/ATR (20)	1.81	LOW VOLATILITY	The low ATR as a percentage value for CI suggests low volalility.
Average Directional Index/ADX (14)	17.96	NEGATIVE	The low ADX value for CI suggests a weak or negative trend.