The Greedy Trader Weekly Analysis
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- 10/5/2018
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CIGNA Corp.
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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionRelative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overbought
Daily :Relative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overbought
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It was a sixth consecutive positive week for the CIGNA Corp. (CI). During the week, the CI gained 7.47 points, or 3.59%, and closed at 215.72 on Friday, October 05, 2018. It was the best weekly gain since August 3, 2018. Weekly volume was 12% above average.

CI is a member of Healthcare Sector. Healthcare 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 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 140.98 and resistance is at 245.21. 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 uptrend had started on November 1, 2016 at 115.03 and reached 227.13 on January 29, 2018. CI gained -112.10 points, or -97.45%, in 64 weeks. The chart has formed a Falling Pennant chart pattern. The uptrend resistance line (176.36) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since July 6, 2018. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See CI short-term trend chart]
A short-term uptrend had started on June 28, 2018 at 163.97 and reached 216.00 on October 5, 2018. CI gained -52.03 points, or -31.73%, in 99 days. The chart has formed a Rising Pennant chart pattern.

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.

The daily MACD line is above its signal line since September 13, 2018. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 87.56
Overbought
Williams' Percentage Range (W%R) 9.10
Strong Overbought
Lane's Stochastic (%D-Slow) 93.37
Strong Overbought
Greed/Fear Indicator (GFI) 90.61
Strong Overbought
Moving Average Converg./Diverg. (MACD) 5.63
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 85.41
Overbought
Williams' Percentage Range (W%R) 5.80
Strong Overbought
Lane's Stochastic (%D-Slow) 88.88
Overbought
Greed/Fear Indicator (GFI) 84.47
Overbought
Moving Average Converg./Diverg. (MACD) 1.45
Trading Signals
Description Value Chart
Yearly Trendline Resistance 245.21
Upper Bollinger Band 220.49
Price 215.72
Daily Stochastic Crossing 215.01
Weekly Stochastic Crossing 213.35
Parabolic System 209.19
20 Day Moving Average 201.55
50 Day Moving Average 192.18
Lower Bollinger Band 185.42
Quarterly Trendline Support 176.36
Sector and Industry
Description Name Rank
Sector Healthcare 9
Industry Health Care Plans 153
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Pennant
Low 163.97
Low Date 06/28/2018
High 216.00
High Date 10/05/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 163.02
Low Date 03/13/2018
High 216.00
High Date 10/05/2018
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 141.96
Support 164.84
High 227.13
High Date 01/29/2018
Low 163.02
Low Date 03/13/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 141.96
Support 176.36
Low 115.03
Low Date 11/01/2016
High 227.13
High Date 01/29/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 245.21
Support 140.98
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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