THE CIGNA GROUP

- USD (-)

- 15 min delayed data - NYSE Stocks

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Type:	Stocks
Ticker:	CI
ISIN:

THE CIGNA GROUP - 1H - Technical analysis published on 03/18/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

44%

11%

44%

My opinion

Bullish above 345.74 USD

My targets

356.89 USD (+1.43%)

361.74 USD (+2.80%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on THE CIGNA GROUP as long as the price remains well above 345.74 USD. The buyers' bullish objective is set at 356.89 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 361.74 USD. If there is any crossing, the next objective would be the resistance located at 370.37 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.1

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The THE CIGNA GROUP price is 351.87 USD. The price is lower by -0.05% since the last closing and was between 349.93 USD and 354.15 USD. This implies that the price is at +0.55% from its lowest and at -0.64% from its highest.

349.93

354.15

351.87

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this THE CIGNA GROUP chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Black hanging man / hammer

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	339.67	342.81	345.74	351.87	352.49
Change (%)	-3.47%	-2.57%	-1.74%	-	+0.18%
Change	-12.20	-9.06	-6.13	-	+0.62
Level	Intermediate	Intermediate	Intermediate	-	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	340.32	343.08	347.57	350.33	354.82	357.58	362.07
Camarilla	350.06	350.72	351.39	352.05	352.72	353.38	354.04
Woodie	341.18	343.51	348.43	350.76	355.68	358.01	362.93
Fibonacci	343.08	345.85	347.56	350.33	353.10	354.81	357.58

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	329.93	334.78	343.41	348.26	356.89	361.74	370.37
Camarilla	348.34	349.58	350.81	352.05	353.29	354.52	355.76
Woodie	331.83	335.73	345.31	349.21	358.79	362.69	372.27
Fibonacci	334.78	339.93	343.11	348.26	353.41	356.59	361.74

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	263.03	281.75	308.25	326.97	353.47	372.19	398.69
Camarilla	322.31	326.45	330.60	334.74	338.89	343.03	347.18
Woodie	266.91	283.70	312.13	328.92	357.35	374.14	402.57
Fibonacci	281.75	299.03	309.70	326.97	344.25	354.92	372.19

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	62.12
MACD (12,26,9):	1.7600
Directional Movement:	7.06
AROON (14):	78.57
DEMA (21):	353.40
Parabolic SAR (0,02-0,02-0,2):	350.50
Elder Ray (13):	0.33
Super Trend (3,10):	347.93
Zig ZAG (10):	352.34
VORTEX (21):	1.1400
Stochastique (14,3,5):	81.02
TEMA (21):	353.41
Williams %R (14):	-22.52
Chande Momentum Oscillator (20):	0.56
Repulse (5,40,3):	-0.0900
ROCnROLL:	1
TRIX (15,9):	0.0800
Courbe Coppock:	1.98

MA7:	347.19
MA20:	341.35
MA50:	325.10
MA100:	307.25
MAexp7:	352.40
MAexp20:	350.95
MAexp50:	347.53
MAexp100:	343.42
Price / MA7:	+1.35%
Price / MA20:	+3.08%
Price / MA50:	+8.23%
Price / MA100:	+14.52%
Price / MAexp7:	-0.15%
Price / MAexp20:	+0.26%
Price / MAexp50:	+1.25%
Price / MAexp100:	+2.46%

Quotes : - 15 min delayed data - NYSE Stocks

News

Don't forget to follow the news on THE CIGNA GROUP. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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