THE CIGNA GROUP (CI) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:CI • US1255231003
We assign a technical rating of 3 out of 10 to CI. CI has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still 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.
- CI has an average volume of 1658480 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, CI outperforms 52% of them, which is more or less in line with the market.
- CI is an average performer in the Health Care Providers & Services industry, it outperforms 61% of 102 stocks in the same industry.
- 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 the 265.75 - 286.88 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
CI has a poor technical rating and the quality of the setup is also only medium 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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259.97
When analyzing the support we can see 2 important areas.
- A support zone ranging from 269.60 to 278.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @262.60 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 284.54 to 287.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @297.74 from a trend line in the weekly time frame.
- Resistance @304.57 from a horizontal line in the daily time frame.
- Resistance @311.01 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The short term trend for CI is neutral. |
| ChartMill Relative Strength | 52.64 | NEUTRAL | CI is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of CI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.64 | NEUTRAL | The RSI value for CI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.38 | POSITIVE | The MACD value suggests CI has a positive trend. |
| Stochastics (14,3) | 65.26 | NEUTRAL | The Stochastics value for CI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.62 | MEDIUM VOLATILITY | The ATR as a percentage value for CI suggests some volalility. |
| Average Directional Index/ADX (14) | 14.11 | NEGATIVE | The low ADX value for CI suggests a weak or negative trend. |
284.53
+12.82 (+4.72%)
THE CIGNA GROUP / CI FAQ
What is the technical rating for CI stock?
ChartMill assigns a technical rating of 3 / 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 58.6386. 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 0.381438, indicating a bearish trend.
What is the short term momentum for CI stock?
The short term momentum for THE CIGNA GROUP (CI) is neutral.