Move cursor over the icon to see details.
|It was the negative week for the CIGNA Corp. (CI). During the week, the CI dropped -2.22 points, or -1.13%, and closed at 194.06 on Friday, February 1, 2019. It was the worst weekly loss since December 21, 2018. Weekly volume was 12% above 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 143.72 and resistance is at 252.69. 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 Descending Triangle chart pattern. The price is near the trend support (194.54) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.
Weekly Technical Indicators: [See CI weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since December 14, 2018. 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 December 24, 2018 at 176.52 and reached 202.05 on January 31, 2019. CI gained -25.53 points, or -14.46%, in 38 days. The chart has formed a Rising Wedge chart pattern.
Daily Technical Indicators: [See CI daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since January 4, 2019. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
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.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.