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- 7/31/2020 -
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CIGNA Corp. (CI)

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Summary:
Weekly :Overbought sectorBroken trend support lineBroken trend resistance lineLane's Stochastic is oversold
Daily :The price has fallen below the Parabolic SARThe price is below the lower Bollinger BandThe period of low volatility of the stock price
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It was the negative week for the CIGNA Corp. (CI). During the week, the CI dropped -8.33 points, or -4.60%, and closed at 172.69 on Friday, July 31, 2020. Weekly volume was -45% below average.

CI is a member of Health Care Sector. Health Care is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See CI long-term trend chart]
A long-term uptrend had started on March 18, 2020 at 118.50 and reached 217.30 on June 9, 2020. CI gained -98.80 points, or -83.38%, in 11 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (254.85) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.

Medium-term trend: [See CI medium-term trend chart]
A medium-term downtrend had started on June 9, 2020 at 217.30 and reached 170.79 on July 10, 2020. CI lost 46.51 points, or 21.40%, in 4 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (155.38) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See CI weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

The weekly MACD line is below its signal line since July 2, 2020. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See CI short-term trend chart]
A short-term downtrend had started on July 15, 2020 at 184.72 and reached 171.01 on July 31, 2020. CI lost 13.71 points, or 7.42%, in 16 days. The price is now at the 12.25% retracement level.

Daily Technical Indicators: [See CI daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since July 22, 2020. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The distance between the Bollinger Bands is falling, and it was 8.38% on Friday. It is 53.09% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.14
Williams' Percentage Range (W%R) 71.60
Lane's Stochastic (%D-Slow) 30.14
Greed/Fear Indicator (GFI) 34.22
Moving Average Converg./Diverg. (MACD) -3.14
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.10
Williams' Percentage Range (W%R) 40.70
Lane's Stochastic (%D-Slow) 18.30
Oversold
Greed/Fear Indicator (GFI) 41.55
Moving Average Converg./Diverg. (MACD) 0.75
Trading Signals
Description Value Chart
50 Day Moving Average 188.56
Upper Bollinger Band 187.31
Parabolic System 184.35
20 Day Moving Average 178.84
Weekly Stochastic Crossing 178.08
Daily Stochastic Crossing 175.86
Lower Bollinger Band 172.82
Price 172.69
Monthly Trendline Resistance 168.74
Monthly Trendline Support 155.38
Sector and Industry
Description Name Rank
Sector Health Care 10
Industry Managed Health Care 41
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 183.34
High Date 07/29/2020
Low 171.01
Low Date 07/31/2020
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 184.72
High Date 07/15/2020
Low 171.01
Low Date 07/31/2020
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 168.74
Support 155.38
High 217.30
High Date 06/09/2020
Low 170.79
Low Date 07/10/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 237.24
Support 254.85
Low 118.50
Low Date 03/18/2020
High 217.30
High Date 06/09/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 227.13
High Date 01/29/2018
Low 118.50
Low Date 03/18/2020
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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