The Greedy Trader Weekly Analysis
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Number of records: 8
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CIGNA Corp.
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Summary:
Weekly :Broken trend support lineOversold sectorOversold industryStochastic signal line moved above oversold area
Daily :The price has fallen below the Parabolic SARBroken trend resistance lineThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the CIGNA Corp. (CI). During the week, the CI gained 5.61 points, or 3.67%, and closed at 158.44 on Friday, May 10, 2019. Weekly volume was -15% below average.

CI is a member of Healthcare Sector. Healthcare is the most oversold sector. CI is a member of Health Care Plans Industry. Health Care Plans is the tenth most oversold industry. 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 147.38 and resistance is at 247.76. 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 uptrend support line (204.11) 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 medium-term trend.

Weekly Technical Indicators: [See CI weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. 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 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 April 17, 2019 at 141.95 and reached 163.99 on May 2, 2019. CI gained -22.04 points, or -15.53%, in 15 days. The chart has formed a Falling Pennant chart pattern. The uptrend resistance line (154.84) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 technical indicators are neutral.

The daily MACD line is above its signal line since April 25, 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 moved above 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.57
Williams' Percentage Range (W%R) 43.90
Lane's Stochastic (%D-Slow) 50.38
Greed/Fear Indicator (GFI) 56.34
Moving Average Converg./Diverg. (MACD) -2.25
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.28
Williams' Percentage Range (W%R) 76.70
Lane's Stochastic (%D-Slow) 27.11
Greed/Fear Indicator (GFI) 30.64
Moving Average Converg./Diverg. (MACD) -7.73
Trading Signals
Description Value Chart
Monthly Trendline Resistance 168.67
Upper Bollinger Band 167.60
Parabolic System 163.07
50 Day Moving Average 161.77
Price 158.44
Daily Stochastic Crossing 156.49
20 Day Moving Average 156.05
Weekly Trendline Support 154.84
Weekly Stochastic Crossing 150.90
Weekly Trendline Resistance 150.07
Lower Bollinger Band 148.44
Yearly Trendline Support 147.38
Sector and Industry
Description Name Rank
Sector Healthcare 1
Industry Health Care Plans 10
Daily Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
High 163.99
High Date 05/02/2019
Low 149.81
Low Date 05/03/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 150.07
Support 154.84
Low 141.95
Low Date 04/17/2019
High 163.99
High Date 05/02/2019
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 168.67
Support 124.79
High 226.61
High Date 12/03/2018
Low 141.95
Low Date 04/17/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Broken Support
Resistance 226.35
Support 204.11
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 247.76
Support 147.38
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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