THE CIGNA GROUP - Daily - Technical analysis published on 05/08/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bullish
Technical indicators
17%
50%
33%
My opinion
Bullish above 331.80 USD
My targets
364.08 USD (+5.04%)
My analysis
With a bullish background trend, the price of THE CIGNA GROUP is trying to inflate a little with a slight short-term relapse. At this stage, no trend reversal is in sight. Globally, buyers have the upper hand. Traders could allow themselves to trade long positions (at the time of purchase) as long as the price remains above the support located at 331.80 USD. A bullish break in the resistance located at 364.08 USD would boost the bullish momentum and fuel the basic trend. PS: if there is a bearish break in the support located at 331.80 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
Force
0
10
0
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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 rating is 346.60 USD. The price is lower by -0.03% since the last closing with the lowest point at 345.44 USD and the highest point at 348.79 USD. The deviation from the price is +0.34% for the low point and -0.63% for the high point.345.44
348.79
346.60
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of THE CIGNA GROUP in Daily shows an overall bullish trend. The signals given by moving averages are 64.29% bullish. This bullish trend could slow down given the slightly bearish signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : Daily
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bearish. The Central Indicators scanner found this result concerning these indicators:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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 support
Type : Bullish
Timeframe : Daily
Near support of channel
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 316.07 | 331.80 | 346.08 | 346.60 | 364.08 |
| Change (%) | -8.81% | -4.27% | -0.15% | - | +5.04% |
| Change | -30.53 | -14.80 | -0.52 | - | +17.48 |
| Level | Intermediate | Major | Intermediate | - | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 340.39 | 341.79 | 344.25 | 345.65 | 348.11 | 349.51 | 351.97 |
| Camarilla | 345.64 | 345.99 | 346.35 | 346.70 | 347.05 | 347.41 | 347.76 |
| Woodie | 340.91 | 342.06 | 344.77 | 345.92 | 348.63 | 349.78 | 352.49 |
| Fibonacci | 341.79 | 343.27 | 344.18 | 345.65 | 347.13 | 348.04 | 349.51 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 303.24 | 318.97 | 330.24 | 345.97 | 357.24 | 372.97 | 384.24 |
| Camarilla | 334.08 | 336.55 | 339.03 | 341.50 | 343.98 | 346.45 | 348.93 |
| Woodie | 301.00 | 317.86 | 328.00 | 344.86 | 355.00 | 371.86 | 382.00 |
| Fibonacci | 318.97 | 329.29 | 335.66 | 345.97 | 356.29 | 362.66 | 372.97 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 328.13 | 336.95 | 347.00 | 355.82 | 365.87 | 374.69 | 384.74 |
| Camarilla | 351.85 | 353.58 | 355.31 | 357.04 | 358.77 | 360.50 | 362.23 |
| Woodie | 328.74 | 337.26 | 347.61 | 356.13 | 366.48 | 375.00 | 385.35 |
| Fibonacci | 336.95 | 344.16 | 348.62 | 355.82 | 363.03 | 367.49 | 374.69 |
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): | 43.91 | |
| MACD (12,26,9): | -1.3900 | |
| Directional Movement: | -8.78 | |
| AROON (14): | -7.14 | |
| DEMA (21): | 349.16 | |
| Parabolic SAR (0,02-0,02-0,2): | 360.64 | |
| Elder Ray (13): | -2.09 | |
| Super Trend (3,10): | 359.92 | |
| Zig ZAG (10): | 346.72 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 39.14 | |
| TEMA (21): | 345.42 | |
| Williams %R (14): | -55.52 | |
| Chande Momentum Oscillator (20): | -6.46 | |
| Repulse (5,40,3): | -0.1600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 1.50 |
| MA7: | 348.00 | |
| MA20: | 350.28 | |
| MA50: | 350.46 | |
| MA100: | 331.64 | |
| MAexp7: | 347.41 | |
| MAexp20: | 350.23 | |
| MAexp50: | 346.57 | |
| MAexp100: | 333.80 | |
| Price / MA7: | -0.40% | |
| Price / MA20: | -1.05% | |
| Price / MA50: | -1.10% | |
| Price / MA100: | +4.51% | |
| Price / MAexp7: | -0.23% | |
| Price / MAexp20: | -1.04% | |
| Price / MAexp50: | +0.01% | |
| Price / MAexp100: | +3.83% |
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 Reports Strong First Quarter 2024 Results, Raises 2024 Outlook
- New Report: Employers Play Critical Role in Curbing Today's Youth Mental Health Crisis
- The Cigna Group Declares Quarterly Dividend
- The Cigna Group Announces Appearance at the BofA Securities 2024 Health Care Conference
- The Cigna Group Foundation Announces New Grant Program To Address Youth 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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