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 11/11/2024 (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

94%

My opinion

Bullish above 341.86 USD

My targets

348.38 USD (+0.99%)

354.35 USD (+2.73%)

My analysis

THE CIGNA GROUP is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 341.86 USD. The next resistance located at 348.38 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 354.35 USD. After this resistance, buyers could then target 361.20 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem 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

8.8

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 344.95 USD. The price has increased by +7.87% since the last closing and was between 339.72 USD and 347.62 USD. This implies that the price is at +1.54% from its lowest and at -0.77% from its highest.

339.72

347.62

344.95

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 result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this THE CIGNA GROUP chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Moving Average bullish crossovers : AMA50 & AMA100

Type : Bullish

Timeframe : 1 hour

In fact, 17 technical indicators on 18 studied are currently positioned bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

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

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Bearish harami cross

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	317.90	329.18	341.86	344.95	348.38	354.35	361.20
Change (%)	-7.84%	-4.57%	-0.90%	-	+0.99%	+2.73%	+4.71%
Change	-27.05	-15.77	-3.09	-	+3.43	+9.40	+16.25
Level	Major	Major	Major	-	Minor	Minor	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	313.31	315.40	317.58	319.67	321.85	323.94	326.12
Camarilla	318.60	318.99	319.38	319.77	320.16	320.55	320.94
Woodie	313.37	315.42	317.64	319.69	321.91	323.96	326.18
Fibonacci	315.40	317.03	318.04	319.67	321.30	322.31	323.94

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	292.76	300.67	310.22	318.13	327.68	335.59	345.14
Camarilla	314.97	316.57	318.17	319.77	321.37	322.97	324.57
Woodie	293.58	301.08	311.04	318.54	328.50	336.00	345.96
Fibonacci	300.67	307.34	311.46	318.13	324.80	328.92	335.59

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	244.47	276.16	295.49	327.18	346.51	378.20	397.53
Camarilla	300.78	305.46	310.13	314.81	319.49	324.16	328.84
Woodie	238.28	273.07	289.30	324.09	340.32	375.11	391.34
Fibonacci	276.16	295.65	307.69	327.18	346.67	358.71	378.20

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	82.28
MACD (12,26,9):	6.4900
Directional Movement:	44.57
AROON (14):	64.28
DEMA (21):	333.81
Parabolic SAR (0,02-0,02-0,2):	316.04
Elder Ray (13):	14.01
Super Trend (3,10):	331.08
Zig ZAG (10):	345.01
VORTEX (21):	1.1800
Stochastique (14,3,5):	89.06
TEMA (21):	339.02
Williams %R (14):	-8.43
Chande Momentum Oscillator (20):	27.45
Repulse (5,40,3):	0.5400
ROCnROLL:	1
TRIX (15,9):	0.1500
Courbe Coppock:	11.23

MA7:	320.95
MA20:	324.22
MA50:	341.33
MA100:	339.28
MAexp7:	336.27
MAexp20:	326.66
MAexp50:	321.29
MAexp100:	322.39
Price / MA7:	+7.48%
Price / MA20:	+6.39%
Price / MA50:	+1.06%
Price / MA100:	+1.67%
Price / MAexp7:	+2.58%
Price / MAexp20:	+5.60%
Price / MAexp50:	+7.36%
Price / MAexp100:	+7.00%

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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