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 12/02/2024 (GMT)

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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

56%

39%

My opinion

Bullish above 335.01 USD

My targets

343.19 USD (+1.64%)

347.62 USD (+2.95%)

My analysis

The bullish trend is currently very strong on THE CIGNA GROUP. As long as the price remains above the support at 335.01 USD, you could try to benefit from the boom. The first bullish objective is located at 343.19 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 347.62 USD as an objective. Crossing it would then enable buyers to target 354.35 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

6.6

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 rating is 337.65 USD. The price registered a decrease of -0.09% on the session and was between 334.89 USD and 338.78 USD. This implies that the price is at +0.82% from its lowest and at -0.33% from its highest.

334.89

338.78

337.65

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

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, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of THE CIGNA GROUP indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Bearish trend reversal : Moving Average 100

Type : Bearish

Timeframe : 1 hour

In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Near resistance of triangle

Type : Bearish

Timeframe : 1 hour

Near support of channel

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

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	325.85	329.18	335.01	337.65	343.19	347.62	354.35
Change (%)	-3.49%	-2.51%	-0.78%	-	+1.64%	+2.95%	+4.95%
Change	-11.80	-8.47	-2.64	-	+5.54	+9.97	+16.70
Level	Minor	Major	Intermediate	-	Major	Minor	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	330.85	332.93	335.44	337.52	340.03	342.11	344.62
Camarilla	336.69	337.11	337.53	337.95	338.37	338.79	339.21
Woodie	331.07	333.04	335.66	337.63	340.25	342.22	344.84
Fibonacci	332.93	334.68	335.77	337.52	339.27	340.36	342.11

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	321.23	325.45	331.70	335.92	342.17	346.39	352.64
Camarilla	335.07	336.03	336.99	337.95	338.91	339.87	340.83
Woodie	322.25	325.96	332.72	336.43	343.19	346.90	353.66
Fibonacci	325.45	329.45	331.92	335.92	339.92	342.39	346.39

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	272.91	289.78	313.87	330.74	354.83	371.70	395.79
Camarilla	326.69	330.44	334.20	337.95	341.71	345.46	349.21
Woodie	276.51	291.59	317.47	332.55	358.43	373.51	399.39
Fibonacci	289.78	305.43	315.10	330.74	346.39	356.06	371.70

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):	57.87
MACD (12,26,9):	1.3500
Directional Movement:	5.44
AROON (14):	-64.29
DEMA (21):	338.54
Parabolic SAR (0,02-0,02-0,2):	334.97
Elder Ray (13):	0.78
Super Trend (3,10):	332.64
Zig ZAG (10):	337.62
VORTEX (21):	1.1300
Stochastique (14,3,5):	53.27
TEMA (21):	338.11
Williams %R (14):	-36.52
Chande Momentum Oscillator (20):	1.45
Repulse (5,40,3):	0.2500
ROCnROLL:	1
TRIX (15,9):	0.0800
Courbe Coppock:	0.33

MA7:	334.11
MA20:	327.63
MA50:	333.14
MA100:	339.32
MAexp7:	337.50
MAexp20:	336.48
MAexp50:	333.36
MAexp100:	330.72
Price / MA7:	+1.06%
Price / MA20:	+3.06%
Price / MA50:	+1.35%
Price / MA100:	-0.49%
Price / MAexp7:	+0.04%
Price / MAexp20:	+0.35%
Price / MAexp50:	+1.29%
Price / MAexp100:	+2.10%

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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