THE CIGNA GROUP - 1H - Technical analysis published on 09/21/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 288.83 USD
My targets
298.17 USD (+2.38%)
318.05 USD (+9.20%)
My analysis
The bullish trend is currently very strong on THE CIGNA GROUP. As long as the price remains above the support at 288.83 USD, you could try to benefit from the boom. The first bullish objective is located at 298.17 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 318.05 USD as an objective. Crossing it would then enable buyers to target 322.91 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
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Additional analysis
Quotes
The THE CIGNA GROUP rating is 291.25 USD. The price has increased by +1.36% since the last closing and was between 286.09 USD and 292.48 USD. This implies that the price is at +1.80% from its lowest and at -0.42% from its highest.286.09
292.48
291.25
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of THE CIGNA GROUP in 1H shows a strongly overall 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 market scanner currently does not detect any result that concerns moving averages.
In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 284.82 | 288.83 | 291.21 | 291.25 | 298.17 | 322.91 | 334.76 |
| Change (%) | -2.21% | -0.83% | -0.01% | - | +2.38% | +10.87% | +14.94% |
| Change | -6.43 | -2.42 | -0.04 | - | +6.92 | +31.66 | +43.51 |
| Level | Major | Minor | Intermediate | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 280.17 | 282.23 | 284.78 | 286.84 | 289.39 | 291.45 | 294.00 |
| Camarilla | 286.06 | 286.49 | 286.91 | 287.33 | 287.75 | 288.18 | 288.60 |
| Woodie | 280.42 | 282.35 | 285.03 | 286.96 | 289.64 | 291.57 | 294.25 |
| Fibonacci | 282.23 | 283.99 | 285.08 | 286.84 | 288.60 | 289.69 | 291.45 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 271.89 | 276.40 | 279.81 | 284.32 | 287.73 | 292.24 | 295.65 |
| Camarilla | 281.04 | 281.77 | 282.49 | 283.22 | 283.95 | 284.67 | 285.40 |
| Woodie | 271.34 | 276.13 | 279.26 | 284.05 | 287.18 | 291.97 | 295.10 |
| Fibonacci | 276.40 | 279.43 | 281.30 | 284.32 | 287.35 | 289.22 | 292.24 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 221.34 | 242.85 | 258.94 | 280.45 | 296.54 | 318.05 | 334.14 |
| Camarilla | 264.68 | 268.13 | 271.57 | 275.02 | 278.47 | 281.91 | 285.36 |
| Woodie | 218.62 | 241.50 | 256.22 | 279.10 | 293.82 | 316.70 | 331.42 |
| Fibonacci | 242.85 | 257.22 | 266.09 | 280.45 | 294.82 | 303.69 | 318.05 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 67.95 | |
| MACD (12,26,9): | 1.6700 | |
| Directional Movement: | 19.32 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 290.07 | |
| Parabolic SAR (0,02-0,02-0,2): | 288.69 | |
| Elder Ray (13): | 2.09 | |
| Super Trend (3,10): | 285.99 | |
| Zig ZAG (10): | 291.24 | |
| VORTEX (21): | 1.1500 | |
| Stochastique (14,3,5): | 84.24 | |
| TEMA (21): | 291.07 | |
| Williams %R (14): | -16.01 | |
| Chande Momentum Oscillator (20): | 6.14 | |
| Repulse (5,40,3): | 0.2900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 3.57 |
| MA7: | 285.74 | |
| MA20: | 282.01 | |
| MA50: | 284.72 | |
| MA100: | 273.32 | |
| MAexp7: | 290.12 | |
| MAexp20: | 288.08 | |
| MAexp50: | 286.02 | |
| MAexp100: | 284.52 | |
| Price / MA7: | +1.93% | |
| Price / MA20: | +3.28% | |
| Price / MA50: | +2.29% | |
| Price / MA100: | +6.56% | |
| Price / MAexp7: | +0.39% | |
| Price / MAexp20: | +1.10% | |
| Price / MAexp50: | +1.83% | |
| Price / MAexp100: | +2.37% |
Quotes :
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15 min delayed data
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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:
- The Cigna Group Announces Appearance at the Morgan Stanley 21st Annual Global Healthcare Conference
- The Cigna Group Foundation and YMCA Partner To Improve Community Vitality in Five Cities
- The Cigna Group Reports Strong Second Quarter 2023 Results
- The Cigna Group Declares Quarterly Dividend
- The Cigna Group's Second Quarter 2023 Earnings Release Details
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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