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Archive
- 5/23/2025 -
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CIGNA Corp. (CI) Technical Analysis
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| Summary:
| | | Weekly : | | Daily :
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| | It was the negative week for the CIGNA Corp. (CI). During the week, the CI dropped -4.95 points, or -1.54%, and closed at 315.99 on Friday, May 23, 2025. Weekly volume was -16% 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 370.83 on September 16, 2024. CI gained -362.83 points, or -4535.38%, in 825 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 185.59 and resistance is at 385.70. 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 December 17, 2024 at 262.00 and reached 350.00 on May 2, 2025. CI gained -88.00 points, or -33.59%, in 19 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 288.75 and resistance is at 359.41. 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 medium-term trend.
 Weekly Technical Indicators: [See CI weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since February 21, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 May 15, 2025 at 296.26 and reached 326.00 on May 21, 2025. CI gained -29.74 points, or -10.04%, in 6 days. The price is now at the 33.66% retracement level.
Daily Technical Indicators: [See CI daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since May 1, 2025. The distance between MACD and the signal line is low and getting smaller.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
 Candlestick pattern: [See CI candlestick chart pattern]
On Friday the chart has formed a Bearish Downside Tasuki Gap Candlestick pattern. This is a rare continuation formation that appears in a strongly downward moving market. The reliability of the Bearish Downside Tasuki Gap pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Downside Tasuki Gap Candlestick pattern during the last week.
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