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 04/30/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

44%

50%

My opinion

Bullish above 351.39 USD

My targets

359.23 USD (+0.83%)

364.08 USD (+2.19%)

My analysis

The bullish trend is currently very strong on THE CIGNA GROUP. As long as the price remains above the support at 351.39 USD, you could try to benefit from the boom. The first bullish objective is located at 359.23 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 364.08 USD as an objective. Crossing it would then enable buyers to target 365.71 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.

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

6.3

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 rating is 356.27 USD. The price registered a decrease of -0.05% on the session with the lowest point at 355.70 USD and the highest point at 357.74 USD. The deviation from the price is +0.16% for the low point and -0.41% for the high point.

355.70

357.74

356.27

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

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

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of THE CIGNA GROUP in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 82.14% 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.

Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Other results related to technical indicators were also found by the Central Indicators scanner:

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of triangle is broken

Type : Bullish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Bullish harami

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	348.50	351.39	355.83	356.27	359.23	364.08	365.71
Change (%)	-2.18%	-1.37%	-0.12%	-	+0.83%	+2.19%	+2.65%
Change	-7.77	-4.88	-0.44	-	+2.96	+7.81	+9.44
Level	Minor	Intermediate	Intermediate	-	Minor	Intermediate	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	350.02	352.02	354.23	356.23	358.44	360.44	362.65
Camarilla	355.28	355.67	356.05	356.44	356.83	357.21	357.60
Woodie	350.13	352.07	354.34	356.28	358.55	360.49	362.76
Fibonacci	352.02	353.63	354.62	356.23	357.84	358.83	360.44

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	343.47	346.76	350.62	353.91	357.77	361.06	364.92
Camarilla	352.50	353.16	353.82	354.47	355.13	355.78	356.44
Woodie	343.75	346.90	350.90	354.05	358.05	361.20	365.20
Fibonacci	346.76	349.50	351.18	353.91	356.65	358.33	361.06

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	303.41	316.38	339.78	352.75	376.15	389.12	412.52
Camarilla	353.19	356.52	359.86	363.19	366.52	369.86	373.19
Woodie	308.64	318.99	345.01	355.36	381.38	391.73	417.75
Fibonacci	316.38	330.27	338.85	352.75	366.64	375.22	389.12

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):	57.83
MACD (12,26,9):	0.9000
Directional Movement:	7.10
AROON (14):	50.00
DEMA (21):	356.61
Parabolic SAR (0,02-0,02-0,2):	353.19
Elder Ray (13):	0.58
Super Trend (3,10):	352.69
Zig ZAG (10):	356.81
VORTEX (21):	1.1000
Stochastique (14,3,5):	71.04
TEMA (21):	356.89
Williams %R (14):	-25.12
Chande Momentum Oscillator (20):	2.18
Repulse (5,40,3):	-0.1500
ROCnROLL:	1
TRIX (15,9):	0.0300
Courbe Coppock:	1.51

MA7:	354.27
MA20:	354.17
MA50:	349.79
MA100:	327.48
MAexp7:	356.24
MAexp20:	355.45
MAexp50:	354.23
MAexp100:	353.94
Price / MA7:	+0.56%
Price / MA20:	+0.59%
Price / MA50:	+1.85%
Price / MA100:	+8.79%
Price / MAexp7:	+0.01%
Price / MAexp20:	+0.23%
Price / MAexp50:	+0.58%
Price / MAexp100:	+0.66%

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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