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- 5/23/2025 -
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CIGNA Corp. (CI) Technical Analysis

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Summary:
Weekly :
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageBearish Downside Tasuki Gap Candlestick
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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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.41
Williams' Percentage Range (W%R) 66.60
Lane's Stochastic (%D-Slow) 60.73
Greed/Fear Indicator (GFI) 44.18
Moving Average Converg./Diverg. (MACD) -2.22
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.11
Williams' Percentage Range (W%R) 44.20
Lane's Stochastic (%D-Slow) 56.78
Greed/Fear Indicator (GFI) 55.10
Moving Average Converg./Diverg. (MACD) 0.16
Trading Signals
Description Value Chart
Monthly Trendline Resistance 359.41
Upper Bollinger Band 344.98
Parabolic System 325.53
50 Day Moving Average 325.18
20 Day Moving Average 324.67
Weekly Stochastic Crossing 323.51
Price 315.99
Daily Stochastic Crossing 314.18
Lower Bollinger Band 298.44
Monthly Trendline Support 288.75
Sector and Industry
Description Name Rank
Sector Health Care 4
Industry Managed Health Care 15
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 296.26
Low Date 05/15/2025
High 326.00
High Date 05/21/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 350.00
High Date 05/02/2025
Low 296.26
Low Date 05/15/2025
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 359.41
Support 288.75
Low 262.00
Low Date 12/17/2024
High 350.00
High Date 05/02/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 370.83
High Date 09/16/2024
Low 262.00
Low Date 12/17/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 385.70
Support 185.59
Low 8.00
Low Date 11/21/2008
High 370.83
High Date 09/16/2024
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.