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THE CIGNA GROUP
THE CIGNA GROUP
- USD (-)
- 15 min delayed data - NYSE Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: CI
ISIN:

THE CIGNA GROUP - Daily - Technical analysis published on 09/23/2019 (GMT)

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  • Timeframe : Daily
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  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Neutral
De fond: Bearish
Technical indicators
39%
17%
44%
My opinion
Bearish under 169.77 USD
My targets
154.00 USD (-4.25%)
145.55 USD (-9.51%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 169.77 USD remains possible. It is advisable to trade CIGNA CORP. with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 169.77 USD. The next bearish objective for sellers is set at 154.00 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 145.55 USD. In case of crossing, the next objective would be the support located at 124.80 USD. PS: if there is a bullish break in the resistance located at 169.77 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
FORCE
0
10
1.1

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.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The CIGNA CORP. price is 160.84 USD. On the day, this instrument lost -0.34% and was traded between 160.03 USD and 161.40 USD over the period. The price is currently at +0.51% from its lowest and -0.35% from its highest.

160.03
161.40
160.84

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

Central Gaps

Opening Gap DOWN

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in Daily of this CIGNA CORP. chart shows a bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : Daily


Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : Daily


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily


Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : Daily



In fact, only 7 technical indicators out of 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

MACD indicator: bearish divergence

Type : Bearish

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Daily



The analysis of the price chart with Central Patterns scanners does not return any result.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 124.80 145.55 154.00 160.84 169.77 180.29 202.24
Change (%) -22.41% -9.51% -4.25% - +5.55% +12.09% +25.74%
Change -36.04 -15.29 -6.84 - +8.93 +19.45 +41.40
Level Minor Major Major - Major Intermediate Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard154.16157.74159.56163.14164.96168.54170.36
Camarilla159.90160.39160.89161.38161.88162.37162.87
Woodie153.28157.30158.68162.70164.08168.10169.48
Fibonacci157.74159.80161.08163.14165.20166.48168.54


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard150.93155.15158.27162.49165.61169.83172.95
Camarilla159.36160.03160.71161.38162.05162.73163.40
Woodie150.37154.88157.71162.22165.05169.56172.39
Fibonacci155.15157.96159.69162.49165.30167.03169.83


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard114.48129.99141.98157.50169.49185.00196.99
Camarilla146.41148.93151.45153.97156.49159.01161.53
Woodie112.71129.11140.22156.61167.72184.12195.23
Fibonacci129.99140.50146.99157.50168.00174.49185.00

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): 50.37
MACD (12,26,9): 0.5000
Directional Movement: 8.58
AROON (14): 14.28
DEMA (21): 160.27
Parabolic SAR (0,02-0,02-0,2): 158.08
Elder Ray (13): -0.08
Super Trend (3,10): 148.77
Zig ZAG (10): 160.58
VORTEX (21): 1.0200
Stochastique (14,3,5): 71.82
TEMA (21): 161.88
Williams %R (14): -38.86
Chande Momentum Oscillator (20): 9.37
Repulse (5,40,3): -1.9700
ROCnROLL: 2
TRIX (15,9): -0.0400
Courbe Coppock: 12.49
MA7: 162.17
MA20: 157.43
MA50: 163.33
MA100: 160.24
MAexp7: 161.50
MAexp20: 160.15
MAexp50: 160.88
MAexp100: 163.07
Price / MA7: -0.82%
Price / MA20: +2.17%
Price / MA50: -1.52%
Price / MA100: +0.37%
Price / MAexp7: -0.41%
Price / MAexp20: +0.43%
Price / MAexp50: -0.02%
Price / MAexp100: -1.37%

News


Don"t forget to follow the news on CIGNA CORP.. 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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Londinia
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