The Greedy Trader Weekly Analysis
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Number of records: 10
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Downtrend Broken Resistance
Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.
Technical analysis of stock trend chart following long term trend analysis and trend following indicator for broken resistance trend trading. Stock trend analysis and broken resistance trend following indicators.
trend trading,trend following,stock trend chart,technical analysis of stock trend,trend following indicator,following long term trend,Broken Resistance
CIGNA Corp.
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Summary:
Weekly :Trend support at 194.54
Daily :The price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger Bands
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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.12
Williams' Percentage Range (W%R) 41.40
Lane's Stochastic (%D-Slow) 71.76
Greed/Fear Indicator (GFI) 59.84
Moving Average Converg./Diverg. (MACD) -0.66
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.20
Williams' Percentage Range (W%R) 63.10
Lane's Stochastic (%D-Slow) 33.23
Greed/Fear Indicator (GFI) 38.24
Moving Average Converg./Diverg. (MACD) 3.83
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 226.51
Upper Bollinger Band 202.42
Parabolic System 202.25
50 Day Moving Average 199.61
Daily Stochastic Crossing 199.01
Quarterly Trendline Support 194.54
20 Day Moving Average 194.15
Price 194.06
Weekly Stochastic Crossing 194.01
Lower Bollinger Band 188.53
Sector and Industry
Description Name Rank
Sector Healthcare 5
Industry Health Care Plans 45
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Low 176.52
Low Date 12/24/2018
High 202.05
High Date 01/31/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 226.61
High Date 12/03/2018
Low 176.52
Low Date 12/24/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 163.02
Low Date 03/13/2018
High 226.61
High Date 12/03/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Test Support
Resistance 226.51
Support 194.54
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 252.69
Support 143.72
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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