The Greedy Trader Weekly Analysis
Sign In Sep 15, 2023
Skip Navigation Links
TA Search
Daily RSI Divergence:Bullish
Number of records: 10
Share
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Relative Strength Index (RSI Indicator)

The Relative Strength Index is a popular momentum oscillator, developed by Welles Wilder, Jr. It is one of the most widely used technical indicators. Relative Strength Index compares upward vs. downward movements in closing over a selected period. The RSI Indicator fluctuates from 0% to 100%. A stock with RSI Indicator higher than 70% is considered overbought and lower than 30% - oversold. A good rule is to adjust overbought/oversold index range to 80% in bull and to 20% in bear markets. Relative Strength Index can provide an early warning, but not the final signal. It should be used in conjunction with other stock picking techniques. The divergence between RSI Indicator and underlying stock price is the most important signal provided by RSI, and it can be an indication of an impending reversal. Using the RSI divergence (bullish and bearish), chart patterns, trendlines, support, and resistance lines along with the RSI Indicator chart can be very useful.

Advanced TA Search

Archive
- 9/8/2023 -
Sign In to see current Signals.

CIGNA Corp. (CI) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :
Daily :Broken trend support lineThe price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.24
Williams' Percentage Range (W%R) 44.70
Lane's Stochastic (%D-Slow) 35.72
Greed/Fear Indicator (GFI) 49.75
Moving Average Converg./Diverg. (MACD) -1.51
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.69
Williams' Percentage Range (W%R) 36.40
Lane's Stochastic (%D-Slow) 49.66
Greed/Fear Indicator (GFI) 55.27
Moving Average Converg./Diverg. (MACD) -0.74
Trading Signals
Description Value Chart
Weekly Trendline Resistance 327.92
Weekly Trendline Support 307.58
Upper Bollinger Band 291.45
50 Day Moving Average 284.32
Weekly Stochastic Crossing 282.17
Price 281.48
20 Day Moving Average 281.24
Daily Stochastic Crossing 279.06
Lower Bollinger Band 271.42
Parabolic System 268.84
Quarterly Trendline Support 265.34
Sector and Industry
Description Name Rank
Sector Health Care 4
Industry Managed Health Care 70
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
High 303.33
High Date 08/02/2023
Low 265.56
Low Date 08/17/2023
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 327.92
Support 307.58
Low 240.50
Low Date 05/30/2023
High 303.33
High Date 08/02/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 340.11
High Date 12/13/2022
Low 240.50
Low Date 05/30/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 370.92
Support 265.34
Low 118.50
Low Date 03/18/2020
High 340.11
High Date 12/13/2022
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 349.38
Support 167.84
Low 8.00
Low Date 11/21/2008
High 340.11
High Date 12/13/2022
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.