THE CIGNA GROUP

- USD (-)

- 15 min delayed data - NYSE Stocks

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Type:	Stocks
Ticker:	CI
ISIN:

THE CIGNA GROUP - Daily - Technical analysis published on 01/02/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

78%

22%

My opinion

Bullish above 296.77 USD

My targets

317.39 USD (+3.26%)

333.19 USD (+8.40%)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on THE CIGNA GROUP. This is a positive signal for buyers. As long as the price remains above 296.77 USD, a purchase could be considered. The first bullish objective is located at 317.39 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 333.19 USD as an objective. In the event of a return below 296.77 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

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 307.37 USD. The price has increased by +2.65% since the last closing with the lowest point at 300.32 USD and the highest point at 307.49 USD. The deviation from the price is +2.35% for the low point and -0.04% for the high point.

300.32

307.49

307.37

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by THE CIGNA GROUP:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this THE CIGNA GROUP chart shows a bullish trend. The signals returned by the moving averages are 78.57% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	268.05	283.36	296.77	307.37	310.66	317.39	333.19
Change (%)	-12.79%	-7.81%	-3.45%	-	+1.07%	+3.26%	+8.40%
Change	-39.32	-24.01	-10.60	-	+3.29	+10.02	+25.82
Level	Minor	Minor	Major	-	Minor	Intermediate	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	295.33	296.66	298.06	299.39	300.79	302.12	303.52
Camarilla	298.70	298.95	299.20	299.45	299.70	299.95	300.20
Woodie	295.36	296.68	298.09	299.41	300.82	302.14	303.55
Fibonacci	296.66	297.71	298.35	299.39	300.44	301.08	302.12

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	290.93	293.50	296.48	299.05	302.03	304.60	307.58
Camarilla	297.92	298.43	298.94	299.45	299.96	300.47	300.98
Woodie	291.13	293.60	296.68	299.15	302.23	304.70	307.78
Fibonacci	293.50	295.62	296.93	299.05	301.17	302.48	304.60

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	217.96	235.96	267.70	285.70	317.44	335.44	367.18
Camarilla	285.77	290.33	294.89	299.45	304.01	308.57	313.13
Woodie	224.84	239.40	274.58	289.14	324.32	338.88	374.06
Fibonacci	235.96	254.96	266.70	285.70	304.70	316.44	335.44

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):	66.04
MACD (12,26,9):	5.1600
Directional Movement:	17.16
AROON (14):	64.29
DEMA (21):	298.57
Parabolic SAR (0,02-0,02-0,2):	265.44
Elder Ray (13):	7.64
Super Trend (3,10):	285.62
Zig ZAG (10):	307.23
VORTEX (21):	1.0400
Stochastique (14,3,5):	87.58
TEMA (21):	304.31
Williams %R (14):	-0.52
Chande Momentum Oscillator (20):	10.13
Repulse (5,40,3):	2.6800
ROCnROLL:	1
TRIX (15,9):	0.1500
Courbe Coppock:	18.74

MA7:	300.08
MA20:	288.06
MA50:	290.45
MA100:	288.08
MAexp7:	300.11
MAexp20:	293.09
MAexp50:	289.71
MAexp100:	287.57
Price / MA7:	+2.43%
Price / MA20:	+6.70%
Price / MA50:	+5.83%
Price / MA100:	+6.70%
Price / MAexp7:	+2.42%
Price / MAexp20:	+4.87%
Price / MAexp50:	+6.10%
Price / MAexp100:	+6.89%

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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