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- 11/8/2019 -
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CIGNA Corp. (CI)

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Summary:
Weekly :Williams' Percentage Range is strongly overboughtBroken trend resistance line
Daily :Relative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overboughtMACD bearish divergenceBroken trend resistance line
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It was a sixth consecutive positive week for the CIGNA Corp. (CI). During the week, the CI gained 8.69 points, or 4.84%, and closed at 188.20 on Friday, November 8, 2019. Weekly volume was -52% below average.

Long-term trend: [See CI long-term trend chart]
A long-term uptrend had started on November 21, 2008 at 8.00 and reached 227.13 on January 29, 2018. CI gained -219.13 points, or -2739.12%, in 479 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 155.72 and resistance is at 266.00. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See CI medium-term trend chart]
A medium-term downtrend had started on December 3, 2018 at 226.61 and reached 141.95 on April 17, 2019. CI lost 84.66 points, or 37.36%, in 19 weeks. The chart has formed a Ascending Triangle chart pattern. The downtrend resistance line (147.48) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. CI may retest the broken resistance line. It is considered to be a support line now. 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 Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is above its signal line since October 11, 2019. The distance between MACD and the signal line is relatively high and getting bigger. 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 11, 2019 at 185.77 and reached 145.51 on August 28, 2019. CI lost 40.26 points, or 21.67%, in 48 days. The chart has formed a Ascending Triangle chart pattern. The downtrend resistance line (147.31) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. CI may retest the broken resistance line. It is considered to be a support line now. 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 short-term trend.

Daily Technical Indicators: [See CI daily technical indicators chart]
Daily Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily Williams' Percentage Range and Lane's Stochastic. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is above its signal line since October 11, 2019.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 82.83
Overbought
Williams' Percentage Range (W%R) 8.50
Strong Overbought
Lane's Stochastic (%D-Slow) 90.02
Strong Overbought
Greed/Fear Indicator (GFI) 88.11
Overbought
Moving Average Converg./Diverg. (MACD) 6.07 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.59
Williams' Percentage Range (W%R) 7.50
Strong Overbought
Lane's Stochastic (%D-Slow) 74.01
Greed/Fear Indicator (GFI) 75.31
Moving Average Converg./Diverg. (MACD) -2.99
Trading Signals
Description Value Chart
Upper Bollinger Band 192.53
Price 188.20
Daily Stochastic Crossing 187.46
Weekly Stochastic Crossing 184.25
Parabolic System 179.69
20 Day Moving Average 173.27
Monthly Trendline Resistance 162.63
50 Day Moving Average 162.54
Yearly Trendline Support 155.72
Lower Bollinger Band 155.70
Sector and Industry
Description Name Rank
Sector Healthcare 4
Industry Health Care Plans 117
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 145.51
Low Date 08/28/2019
High 189.28
High Date 11/08/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 147.70
Support 147.31
High 185.77
High Date 07/11/2019
Low 145.51
Low Date 08/28/2019
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 162.63
Support 147.48
High 226.61
High Date 12/03/2018
Low 141.95
Low Date 04/17/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 227.13
High Date 01/29/2018
Low 141.95
Low Date 04/17/2019
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 266.00
Support 155.72
Low 8.00
Low Date 11/21/2008
High 227.13
High Date 01/29/2018
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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