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Advanced TA SearchArchive
- 9/8/2023 -
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CIGNA Corp. (CI) Technical Analysis
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| Summary:
| | | Weekly : | | Daily : 
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| | It was a first positive week for the CIGNA Corp. (CI). During the week, the CI gained 4.81 points, or 1.74%, and closed at 281.48 on Friday, September 8, 2023. It was the best weekly gain since July 21, 2023. Weekly volume was -38% 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 340.11 on December 13, 2022. CI gained -332.11 points, or -4151.38%, in 733 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 167.84 and resistance is at 349.38. 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 March 18, 2020 at 118.50 and reached 340.11 on December 13, 2022. CI gained -221.61 points, or -187.01%, in 142 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 265.34 and resistance is at 370.92. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel 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 June 16, 2023. 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 30, 2023 at 240.50 and reached 303.33 on August 2, 2023. CI gained -62.83 points, or -26.12%, in 64 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (307.58) is broken. A broken support is considered to be a long-term bearish signal. 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 technical indicators are neutral.
The daily MACD line is below its signal line since August 2, 2023. The distance between MACD and the signal line is low and getting smaller.
During the last week, the price has moved above 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.
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