THE CIGNA GROUP - 1H - Technical analysis published on 03/14/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 345.72 USD
My targets
349.72 USD (+0.36%)
357.65 USD (+2.64%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on THE CIGNA GROUP as long as the price remains well above 345.72 USD. The buyers' bullish objective is set at 349.72 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 357.65 USD. If there is any crossing, the next objective would be the resistance located at 367.31 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.7
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 CIGNA GROUP rating 348.45 USD. The price registered a decrease of -0.08% on the session with the lowest point at 347.39 USD and the highest point at 349.91 USD. The deviation from the price is +0.31% for the low point and -0.42% for the high point.347.39
349.91
348.45
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by THE CIGNA GROUP:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
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 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 10 technical indicators on 18 studied are currently positioned bullish. The Central Indicators scanner found no further results concerning independent technical indicators.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 339.71 | 342.81 | 345.72 | 348.45 | 349.13 |
| Change (%) | -2.51% | -1.62% | -0.78% | - | +0.20% |
| Change | -8.74 | -5.64 | -2.73 | - | +0.68 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate |
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 | 341.04 | 342.74 | 345.73 | 347.43 | 350.42 | 352.12 | 355.11 |
| Camarilla | 347.43 | 347.86 | 348.29 | 348.72 | 349.15 | 349.58 | 350.01 |
| Woodie | 341.69 | 343.06 | 346.38 | 347.75 | 351.07 | 352.44 | 355.76 |
| Fibonacci | 342.74 | 344.53 | 345.64 | 347.43 | 349.22 | 350.33 | 352.12 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 314.54 | 322.47 | 332.13 | 340.06 | 349.72 | 357.65 | 367.31 |
| Camarilla | 336.95 | 338.57 | 340.18 | 341.79 | 343.40 | 345.02 | 346.63 |
| Woodie | 315.41 | 322.90 | 333.00 | 340.49 | 350.59 | 358.08 | 368.18 |
| Fibonacci | 322.47 | 329.19 | 333.34 | 340.06 | 346.78 | 350.93 | 357.65 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 263.03 | 281.75 | 308.25 | 326.97 | 353.47 | 372.19 | 398.69 |
| Camarilla | 322.31 | 326.45 | 330.60 | 334.74 | 338.89 | 343.03 | 347.18 |
| Woodie | 266.91 | 283.70 | 312.13 | 328.92 | 357.35 | 374.14 | 402.57 |
| Fibonacci | 281.75 | 299.03 | 309.70 | 326.97 | 344.25 | 354.92 | 372.19 |
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): | 62.11 | |
| MACD (12,26,9): | 1.5700 | |
| Directional Movement: | 12.19 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 349.15 | |
| Parabolic SAR (0,02-0,02-0,2): | 345.80 | |
| Elder Ray (13): | 1.06 | |
| Super Trend (3,10): | 344.26 | |
| Zig ZAG (10): | 348.73 | |
| VORTEX (21): | 1.1700 | |
| Stochastique (14,3,5): | 73.32 | |
| TEMA (21): | 349.14 | |
| Williams %R (14): | -27.24 | |
| Chande Momentum Oscillator (20): | 2.06 | |
| Repulse (5,40,3): | -0.2100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 2.10 |
| MA7: | 343.93 | |
| MA20: | 339.97 | |
| MA50: | 323.14 | |
| MA100: | 306.23 | |
| MAexp7: | 348.26 | |
| MAexp20: | 347.04 | |
| MAexp50: | 344.12 | |
| MAexp100: | 340.69 | |
| Price / MA7: | +1.31% | |
| Price / MA20: | +2.49% | |
| Price / MA50: | +7.83% | |
| Price / MA100: | +13.79% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.41% | |
| Price / MAexp50: | +1.26% | |
| Price / MAexp100: | +2.28% |
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 Raises Long-Term Growth Target, and Launches New Innovative Solutions at 2024 Investor Day
- The Cigna Group Announces Appearance at Barclays 26th Annual Global Healthcare Conference
- The Cigna Group Announces Pricing Terms of Tender Offers
- The Cigna Group Announces Early Results of Tender Offers and Upsize of Maximum Tender Offer
- The Cigna Group Announces $3.2 Billion Accelerated Stock Repurchase
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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