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Monthly Pattern:Symmetric Triangle
Number of records: 6
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Symmetric Triangle Chart Pattern Analysis - Symmetric Triangle Pattern.
A symmetric triangle pattern represents the area of indecision where the movement direction is questioned. Chart Pattern Analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of a larger trend, but it may also mark the trend reversal. Volume diminishes during the formation and explodes at the breakout. After breakout (similar to rectangle), support may turn into potential resistance and vice versa.
Tips:
# 1 As a continuation pattern, the symmetric triangle usually appears within a young trend characterized by neutral long-term indicators and overbought/oversold short-term indicators. The symmetric triangle resets short-term indicators to neutral and then continues movement in parent's direction.
# 2 As a reversal formation, the symmetric triangle chart pattern appears in a mature trend characterized by overbought/oversold long-term and short-term indicators. This situation usually generates divergence on long-term indicators. For the best results, the symmetric triangle pattern should be considered together with other chart pattern analysis, technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
Symmetric Triangle Pattern,Symmetric Triangle Chart Pattern,Chart Pattern Analysis,chart pattern, charts, pattern, chart analysis, pattern recognition, screener, screening, Trading Signals
CIGNA Corp.
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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtStochastic signal line moved below overbought areaRelative Strength Index, Lane's Stochastic and MACD bearish divergenceOversold sector
Daily :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtDaily  MACD line has moved above its signal lineThe price touches the upper Bollinger Band
Move cursor over the icon to see details.

It was a second consecutive positive week for the CIGNA Corp. (CI). During the week, the CI gained 7.81 points, or 3.89%, and closed at 208.41 on Friday, December 01, 2017. Weekly volume was 29% above average.

CI is a member of Healthcare Sector. Healthcare is the most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See CI long-term trend chart]
A long-term uptrend had started on November 1, 2016 at 115.03 and reached 212.46 on November 30, 2017. CI gained -97.43 points, or -84.70%, in 56 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (174.57) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See CI medium-term trend chart]
A medium-term uptrend had started on March 27, 2017 at 143.85 and reached 212.46 on November 30, 2017. CI gained -68.61 points, or -47.70%, in 35 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (195.44) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See CI weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Weekly Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since November 11, 2016. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See CI short-term trend chart]
A short-term uptrend had started on November 14, 2017 at 195.25 and reached 212.46 on November 30, 2017. CI gained -17.21 points, or -8.81%, in 16 days. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (199.75) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a short-term trend.

Daily Technical Indicators: [See CI daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

The price touches the upper Bollinger Band. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.30
Williams' Percentage Range (W%R) 4.90
Strong Overbought
Lane's Stochastic (%D-Slow) 78.25
Greed/Fear Indicator (GFI) 80.22
Overbought
Moving Average Converg./Diverg. (MACD) 2.56
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 77.32
Bearish
Williams' Percentage Range (W%R) 2.00
Strong Overbought
Lane's Stochastic (%D-Slow) 79.08
Bearish
Greed/Fear Indicator (GFI) 79.43
Moving Average Converg./Diverg. (MACD) 9.49 Bearish
Trading Signals
Description Value Chart
Daily Stochastic Crossing 209.98
Upper Bollinger Band 209.02
Price 208.41
Weekly Stochastic Crossing 206.17
Monthly Trendline Resistance 205.65
Weekly Trendline Resistance 204.81
20 Day Moving Average 201.39
Parabolic System 200.16
Weekly Trendline Support 199.75
Monthly Trendline Support 195.44
50 Day Moving Average 194.81
Lower Bollinger Band 193.28
Quarterly Trendline Resistance 188.16
Quarterly Trendline Support 174.57
Sector and Industry
Description Name Rank
Sector Healthcare 1
Industry Health Care Plans 128
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 199.17
Low Date 11/28/2017
High 212.46
High Date 11/30/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 204.81
Support 199.75
Low 195.25
Low Date 11/14/2017
High 212.46
High Date 11/30/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 205.65
Support 195.44
Low 143.85
Low Date 03/27/2017
High 212.46
High Date 11/30/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 188.16
Support 174.57
Low 115.03
Low Date 11/01/2016
High 212.46
High Date 11/30/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 8.00
Low Date 11/21/2008
High 212.46
High Date 11/30/2017
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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