The Greedy Trader Weekly Analysis
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CIGNA Corp.
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Summary:
Weekly :Williams' Percentage Range is oversoldRelative Strength Index and Lane's Stochastic bullish divergence
Daily :Broken trend resistance lineThe price has risen above the Parabolic SAR20 Day Moving Average has crossed above the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
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It was a first positive week for the CIGNA Corp. (CI). During the week, the CI gained 2.56 points, or 1.50%, and closed at 173.73 on Friday, May 11, 2018. Weekly volume was 39% above average.

Long-term trend: [See CI long-term trend chart]
A long-term uptrend had started on November 21, 2008 at 8.00 and reached 227.13 on January 29, 2018. CI gained -219.13 points, or -2739.12%, in 479 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 135.51 and resistance is at 235.68. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See CI medium-term trend chart]
A medium-term downtrend had started on January 29, 2018 at 227.13 and reached 163.02 on March 13, 2018. CI lost 64.11 points, or 28.23%, in 6 weeks. The price is now at the 16.71% retracement level.

Weekly Technical Indicators: [See CI weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. Weekly Relative Strength Index and Lane's Stochastic have bullish divergence. Use the following links to access the Relative Strength Index and Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index and Lane's Stochastic bullish 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 below its signal line since February 2, 2018. This is an indication that the medium-term trend is down. 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 March 13, 2018 at 163.02 and reached 177.81 on April 17, 2018. CI gained -14.79 points, or -9.07%, in 35 days. The chart has formed a Falling Pennant chart pattern. The uptrend resistance line (171.20) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 technical indicators are neutral.

The daily MACD line is above its signal line since March 23, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 3.55% on Friday. It is 59.60% lower than one year average. It indicates the period of low volatility of the stock price. 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.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.69
Williams' Percentage Range (W%R) 63.20
Lane's Stochastic (%D-Slow) 62.32
Greed/Fear Indicator (GFI) 50.92
Moving Average Converg./Diverg. (MACD) -0.49
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 24.90
Bullish
Williams' Percentage Range (W%R) 88.30
Oversold
Lane's Stochastic (%D-Slow) 27.06
Bullish
Greed/Fear Indicator (GFI) 26.58
Moving Average Converg./Diverg. (MACD) -2.86 Bullish
Trading Signals
Description Value Chart
Upper Bollinger Band 174.86
Price 173.73
20 Day Moving Average 172.24
Weekly Trendline Resistance 172.10
50 Day Moving Average 171.67
Weekly Trendline Support 171.20
Daily Stochastic Crossing 171.04
Lower Bollinger Band 168.70
Weekly Stochastic Crossing 167.92
Parabolic System 166.41
Sector and Industry
Description Name Rank
Sector Healthcare 4
Industry Health Care Plans 110
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 177.81
High Date 04/17/2018
Low 166.25
Low Date 05/03/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 172.10
Support 171.20
Low 163.02
Low Date 03/13/2018
High 177.81
High Date 04/17/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 227.13
High Date 01/29/2018
Low 163.02
Low Date 03/13/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 115.03
Low Date 11/01/2016
High 227.13
High Date 01/29/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 235.68
Support 135.51
Low 8.00
Low Date 11/21/2008
High 227.13
High Date 01/29/2018
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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