THE CIGNA GROUP (CI)
US1255231003 - Common Stock
We assign a technical rating of 9 out of 10 to CI. In the last year, CI was one of the better performers, but we do observe some doubts in the very recent evolution.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that CI is one of the better performing stocks in the market, outperforming 89% of all stocks. On top of that, CI also shows a nice and consistent pattern of rising prices.
CI is one of the better performing stocks in the Health Care Providers & Services industry, it outperforms 86% of 116 stocks in the same industry.
CI is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so CI is performing more or less in line with the market.
CI has an average volume of 1490910 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month CI has a been trading in a tight range between 345.78 and 365.71.
CI has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 348.77, a Stop Loss order could be placed below this zone.
More info and screens
242.07
367.73
We found 4 important support areas.
- A support zone ranging from 341.02 to 348.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @299.40 from a horizontal line in the daily time frame.
- Support @268.77 from a trend line in the weekly time frame.
- Support @244.52 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 363.20 to 364.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.21
Mansfield0.78
10 Day High364.26
10 Day Low345.78
20 Day High365.71
20 Day Low345.78
52 Week High365.71
52 Week Low240.5
Performance
1 Week-1.22%
2 Weeks-3.22%
1 Month-1.43%
3 Month15.47%
6 Month13.69%
12 Month38.34%
2 Year41.33%
3 Year40.07%
5 Year119.58%
10 Year335.76%
15 Year1669.56%
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)
Technical Indicators
MACD(12,26,9)-2.42
RSI(14)45.4
LBB343.14
UBB367.98
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 352.94 | 345.77 | 7.17 (2.03%) | 25.00% |
| An entry @352.94. This is a Buy Stop order right above the 10 day moving average. | An exit @345.77. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 7.17 points, which is 2.03%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.51%. |
- The distance between exit and entry is rather small compared to the average daily movement of CI. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
THE CIGNA GROUP
NYSE:CI (4/18/2024, 4:05:00 PM)
After market: 348.78 0 (0%)348.78
+2.7 (+0.78%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg0.78%
1 Week-1.22%
2 Weeks-3.22%
1 Month-1.43%
3 Month15.47%
6 Month13.69%
12 Month38.34%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)5.44
ATR(20)%1.46%
ATR Inc
Range Today6.38
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High364.26
10 Day Low345.78
20 Day High365.71
20 Day Low345.78
52 Week High365.71
52 Week Low240.5
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.62M
Volume Incr9.47%
Vol(5)1.53M
Vol(50)1.49M