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S&P 500 Oversold Stocks

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- 8/1/2025 -
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CIGNA Corp. (CI) Technical Analysis

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Summary:
Weekly :Oversold sectorOversold industryRelative Strength Index and Williams' Percentage Range are oversold
Daily :The price is below the lower Bollinger BandBroken trend support line - Downtrend exhaustionWilliams' Percentage Range is oversold
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It was the negative week for the CIGNA Corp. (CI). During the week, the CI dropped -34.14 points, or -11.52%, and closed at 262.23 on Friday, August 1, 2025. Weekly volume was 69% above average.

CI is a member of Health Care Sector. Health Care is the second most oversold sector. CI is a member of Managed Health Care Industry. Managed Health Care is the fourth 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 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 187.54 and resistance is at 389.75. 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 downtrend had started on May 2, 2025 at 350.00 and reached 256.89 on August 1, 2025. CI lost 93.11 points, or 26.60%, in 13 weeks. The price is now at the 5.74% retracement level.

Weekly Technical Indicators: [See CI weekly technical indicators chart]
Weekly Relative Strength Index and Williams' Percentage Range are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Relative Strength Index and 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 links to access Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is below its signal line since July 3, 2025. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See CI short-term trend chart]
A short-term downtrend had started on July 1, 2025 at 338.89 and reached 256.89 on August 1, 2025. CI lost 82.00 points, or 24.20%, in 31 days. The chart has formed a Falling Channel chart pattern. The downtrend support line (283.38) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 short-term trend.

Daily Technical Indicators: [See CI daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range.

The daily MACD line is below its signal line since July 7, 2025. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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) 25.38
Williams' Percentage Range (W%R) 80.30
Oversold
Lane's Stochastic (%D-Slow) 25.07
Greed/Fear Indicator (GFI) 23.38
Moving Average Converg./Diverg. (MACD) -6.49
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 16.79
Oversold
Williams' Percentage Range (W%R) 86.50
Oversold
Lane's Stochastic (%D-Slow) 23.29
Greed/Fear Indicator (GFI) 24.28
Moving Average Converg./Diverg. (MACD) -0.86
Trading Signals
Description Value Chart
Upper Bollinger Band 321.36
50 Day Moving Average 309.00
20 Day Moving Average 297.71
Parabolic System 297.32
Weekly Trendline Resistance 295.94
Weekly Trendline Support 283.38
Lower Bollinger Band 270.85
Daily Stochastic Crossing 270.77
Weekly Stochastic Crossing 269.31
Price 262.23
Sector and Industry
Description Name Rank
Sector Health Care 2
Industry Managed Health Care 4
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 298.71
High Date 07/30/2025
Low 256.89
Low Date 08/01/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Support
Resistance 295.94
Support 283.38
High 338.89
High Date 07/01/2025
Low 256.89
Low Date 08/01/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 350.00
High Date 05/02/2025
Low 256.89
Low Date 08/01/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 370.83
High Date 09/16/2024
Low 256.89
Low Date 08/01/2025
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 389.75
Support 187.54
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.