THE CIGNA GROUP - Daily - Technical analysis published on 10/30/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 298.12 USD
My targets
312.23 USD (+3.07%)
334.76 USD (+10.51%)
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 298.12 USD. The buyers' bullish objective is set at 312.23 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 334.76 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
0
10
7
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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 302.92 USD. The price registered a decrease of -0.11% on the session with the lowest point at 302.46 USD and the highest point at 305.50 USD. The deviation from the price is +0.15% for the low point and -0.84% for the high point.302.46
305.50
302.92
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this THE CIGNA GROUP chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of triangle
Type : Bearish
Timeframe : Daily
Near horizontal support
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 269.33 | 284.59 | 298.12 | 302.92 | 312.23 | 334.76 |
| Change (%) | -11.09% | -6.05% | -1.58% | - | +3.07% | +10.51% |
| Change | -33.59 | -18.33 | -4.80 | - | +9.31 | +31.84 |
| Level | Minor | Intermediate | Major | - | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 298.86 | 300.13 | 301.68 | 302.95 | 304.50 | 305.77 | 307.32 |
| Camarilla | 302.47 | 302.72 | 302.98 | 303.24 | 303.50 | 303.76 | 304.02 |
| Woodie | 299.01 | 300.20 | 301.83 | 303.02 | 304.65 | 305.84 | 307.47 |
| Fibonacci | 300.13 | 301.20 | 301.87 | 302.95 | 304.02 | 304.69 | 305.77 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 292.04 | 296.11 | 299.67 | 303.74 | 307.30 | 311.37 | 314.93 |
| Camarilla | 301.14 | 301.84 | 302.54 | 303.24 | 303.94 | 304.64 | 305.34 |
| Woodie | 291.80 | 295.98 | 299.43 | 303.61 | 307.06 | 311.24 | 314.69 |
| Fibonacci | 296.11 | 299.02 | 300.82 | 303.74 | 306.65 | 308.45 | 311.37 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 256.40 | 265.65 | 275.86 | 285.11 | 295.32 | 304.57 | 314.78 |
| Camarilla | 280.72 | 282.50 | 284.29 | 286.07 | 287.85 | 289.64 | 291.42 |
| Woodie | 256.88 | 265.89 | 276.34 | 285.35 | 295.80 | 304.81 | 315.26 |
| Fibonacci | 265.65 | 273.08 | 277.68 | 285.11 | 292.54 | 297.14 | 304.57 |
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): | 57.78 | |
| MACD (12,26,9): | 4.4300 | |
| Directional Movement: | 8.69 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 306.52 | |
| Parabolic SAR (0,02-0,02-0,2): | 301.39 | |
| Elder Ray (13): | 1.26 | |
| Super Trend (3,10): | 295.78 | |
| Zig ZAG (10): | 303.05 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 54.40 | |
| TEMA (21): | 307.52 | |
| Williams %R (14): | -50.70 | |
| Chande Momentum Oscillator (20): | 7.02 | |
| Repulse (5,40,3): | -0.9100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.2500 | |
| Courbe Coppock: | 9.50 |
| MA7: | 303.81 | |
| MA20: | 299.55 | |
| MA50: | 289.91 | |
| MA100: | 285.20 | |
| MAexp7: | 303.86 | |
| MAexp20: | 300.43 | |
| MAexp50: | 293.13 | |
| MAexp100: | 287.30 | |
| Price / MA7: | -0.29% | |
| Price / MA20: | +1.13% | |
| Price / MA50: | +4.49% | |
| Price / MA100: | +6.21% | |
| Price / MAexp7: | -0.31% | |
| Price / MAexp20: | +0.83% | |
| Price / MAexp50: | +3.34% | |
| Price / MAexp100: | +5.44% |
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:
- Vitality in America: Optimism Prevails Despite Declines in Health, Finances and Job Satisfaction
- The Cigna Group Declares Quarterly Dividend
- The Cigna Group Announces Appearance at the 5th Annual Wolfe Research Healthcare Conference
- The Cigna Group's Third Quarter 2023 Earnings Release Details
- New Report Urges Collaborative, Community Approach to Combat the U.S. Mental Health Crisis
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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