THE CIGNA GROUP (CI) Technical Analysis
NYSE:CI • US1255231003
Current stock price
CI Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to CI. In the last year, CI was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- When comparing the yearly performance of all stocks, CI is a bad performer in the overall market: 78% of all stocks are doing better.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month CI has a been trading in the 264.89 - 293.77 range, which is quite wide. It is currently trading near the high of this range.
- CI has an average volume of 1690000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- CI is an average performer in the Health Care Providers & Services industry, it outperforms 43% of 101 stocks in the same industry.
- CI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CI is lagging the market.
CI Weekly and Daily overview Charts
CI Setup Rating and Analysis
CI has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 282.00, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
CI Support and Resistance Analysis
258.58
When analyzing the support we can see 2 important areas.
- A support zone ranging from 274.65 to 282.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 261.19 to 266.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @286.73 from a trend line in the weekly time frame.
- A resistance zone ranging from 292.06 to 294.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
CI Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for CI is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CI is up. |
| ChartMill Relative Strength | 22.86 | NEGATIVE | CI has a low relative strength, it was outperformed by 77.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CI is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CI is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.63 | NEUTRAL | The RSI value for CI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.26 | POSITIVE | The MACD value suggests CI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.66 | OVERBOUGHT | The high Stochastics value suggests CI may be overbought. |
| Average True Range in percent/ATR (20) | 2.5 | MEDIUM VOLATILITY | The ATR as a percentage value for CI suggests some volalility. |
| Average Directional Index/ADX (14) | 16.5 | NEGATIVE | The low ADX value for CI suggests a weak or negative trend. |
CI Chart- and CandleStick Pattern Analysis
CI Technicals: Chart, Performance Metrics, Trend & Indicators
282.9
-7.68 (-2.64%)
THE CIGNA GROUP / CI TA FAQ
What is the technical rating for CI stock?
ChartMill assigns a technical rating of 4 / 10 to CI.
What is the current trend direction of THE CIGNA GROUP (CI) stock?
The current trend direction for THE CIGNA GROUP (CI) is Bearish.
Can you provide the RSI signal for THE CIGNA GROUP?
THE CIGNA GROUP (CI) has an RSI value of 54.6346. This indicates that the stock is currently neutral.
What is the MACD signal for CI stock?
The MACD indicator for THE CIGNA GROUP (CI) has a value of 1.26222, indicating a bullish trend.
What is the support and resistance level for CI stock?
THE CIGNA GROUP (CI) has a support level at 282 and a resistance level at 286.73. Check the full technical report for our detailed analysis of CI support and resistance levels.