THE CIGNA GROUP (CI) Stock Technical Analysis
NYSE:CI • US1255231003
Taking everything into account, CI scores 7 out of 10 in our technical rating. In the last year, CI was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month CI has a been trading in the 265.75 - 297.80 range, which is quite wide. It is currently trading near the high of this range.
- CI has an average volume of 1691450 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, CI turns out to be only a medium performer in the overall market: it outperformed 51% of all stocks.
- CI is an average performer in the Health Care Providers & Services industry, it outperforms 58% 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.
Besides having an excellent technical rating, CI also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 292.06. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 285.12, a Stop Loss order could be placed below this zone.
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259.97
2 important support areas can be observed.
- A support zone ranging from 269.60 to 285.12. 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 292.06 to 296.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @304.57 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 | 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 | 51.89 | 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) | 58.56 | NEUTRAL | The RSI value for CI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.65 | POSITIVE | The MACD value suggests CI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.59 | NEUTRAL | The Stochastics value for CI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.82 | MEDIUM VOLATILITY | The ATR as a percentage value for CI suggests some volalility. |
| Average Directional Index/ADX (14) | 18.1 | NEGATIVE | The low ADX value for CI suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 296.83 | 268.75 | 28.08 (9.46%) | 10.57% |
| An entry @296.83. This is a Buy Stop order right above the resistance zone. | An exit @268.75. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 28.08 points, which is 9.46%. | For a 1.00% total portfolio risk, you can invest 10.57% of your capital in this trade. |
- 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.
291.44
+3.83 (+1.33%)
THE CIGNA GROUP / CI FAQ
What is the technical rating for CI stock?
ChartMill assigns a technical rating of 7 / 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 58.5632. 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 1.6462, indicating a bullish trend.
What is the short term momentum for CI stock?
The short term momentum for THE CIGNA GROUP (CI) is positive.