The Greedy Trader Weekly Analysis
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Downtrend Resistance
Downtrend 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. Stock market alert is a warning signal. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.

Downtrend Resistance

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- 10/23/2026 -
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CIGNA Corp. (CI) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is strongly overboughtTrend resistance at 307.46
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtStochastic has declined below the signal line20 Day Moving Average has crossed above the 50 Day Moving Average
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It was a third positive week after 4 consecutive negative weeks for the CIGNA Corp. (CI). During the week, the CI gained 4.65 points, or 1.54%, and closed at 306.95 on Friday, October 23, 2026. Weekly volume was -16% below average.

CI is a member of Health Care Sector. Health Care is the most overbought sector. 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 downtrend had started on September 16, 2024 at 370.83 and reached 239.51 on November 3, 2025. CI lost 131.32 points, or 35.41%, in 59 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (307.46). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a long-term trend.

Medium-term trend: [See CI medium-term trend chart]
A medium-term uptrend had started on November 3, 2025 at 239.51 and reached 316.27 on October 22, 2026. CI gained -76.76 points, or -32.05%, in 50 weeks. The price is now at the 12.14% retracement level.

Weekly Technical Indicators: [See CI weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is above its signal line since October 9, 2026. This is an indication that the medium-term trend is up. 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 October 1, 2026 at 262.85 and reached 316.27 on October 22, 2026. CI gained -53.42 points, or -20.32%, in 21 days. The price is now at the 17.45% retracement level.

Daily Technical Indicators: [See CI daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since October 5, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term uptrend is still strong, and momentum is beginning to wane.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 76.53
Williams' Percentage Range (W%R) 2.80
Strong Overbought
Lane's Stochastic (%D-Slow) 89.74
Overbought
Greed/Fear Indicator (GFI) 87.81
Overbought
Moving Average Converg./Diverg. (MACD) 5.24
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.81
Williams' Percentage Range (W%R) 2.80
Strong Overbought
Lane's Stochastic (%D-Slow) 54.68
Greed/Fear Indicator (GFI) 68.67
Moving Average Converg./Diverg. (MACD) -0.55
Trading Signals
Description Value Chart
Upper Bollinger Band 320.66
Daily Stochastic Crossing 313.39
Yearly Trendline Resistance 307.46
Price 306.95
Parabolic System 300.42
Weekly Stochastic Crossing 296.89
20 Day Moving Average 286.70
50 Day Moving Average 281.76
Lower Bollinger Band 262.49
Sector and Industry
Description Name Rank
Sector Health Care 12
Industry Managed Health Care 102
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 262.85
Low Date 10/01/2026
High 316.27
High Date 10/22/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 262.85
Low Date 10/01/2026
High 316.27
High Date 10/22/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 262.85
Low Date 10/01/2026
High 316.27
High Date 10/22/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 239.51
Low Date 11/03/2025
High 316.27
High Date 10/22/2026
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 307.46
Support 209.09
High 370.83
High Date 09/16/2024
Low 239.51
Low Date 11/03/2025
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.