The Greedy Trader Weekly Analysis
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CIGNA Corp.
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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtLane's Stochastic and MACD bearish divergence
Daily :Williams' Percentage Range is strongly overboughtDaily  MACD line has moved above its signal linePrice is near the Fibonacci 23.6% retracement level
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It was a second consecutive positive week for the CIGNA Corp. (CI). During the week, the CI gained 4.52 points, or 2.12%, and closed at 217.65 on Friday, November 09, 2018. Weekly volume was 14% above average.

CI is a member of Healthcare Sector. Healthcare is the most overbought 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 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 140.76 and resistance is at 247.55. 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 uptrend had started on June 28, 2018 at 163.97 and reached 222.72 on November 1, 2018. CI gained -58.75 points, or -35.83%, in 18 weeks. The price is now at the 8.63% retracement level.

Weekly Technical Indicators: [See CI weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly 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 and Williams' Percentage Range help.

The weekly MACD line is above its signal line since July 6, 2018. 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 October 25, 2018 at 201.23 and reached 222.72 on November 1, 2018. CI gained -21.49 points, or -10.68%, in 7 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.31
Williams' Percentage Range (W%R) 9.50
Strong Overbought
Lane's Stochastic (%D-Slow) 74.23
Greed/Fear Indicator (GFI) 74.67
Moving Average Converg./Diverg. (MACD) 3.03
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.44
Williams' Percentage Range (W%R) 3.50
Strong Overbought
Lane's Stochastic (%D-Slow) 82.24
Overbought Bearish
Greed/Fear Indicator (GFI) 79.86
Moving Average Converg./Diverg. (MACD) 5.62 Bearish
Trading Signals
Description Value Chart
Yearly Trendline Resistance 247.55
Upper Bollinger Band 222.09
Daily Stochastic Crossing 219.52
Weekly Stochastic Crossing 217.69
Price 217.65
20 Day Moving Average 211.82
Parabolic System 208.05
50 Day Moving Average 205.01
Lower Bollinger Band 202.96
Sector and Industry
Description Name Rank
Sector Healthcare 9
Industry Health Care Plans 150
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 201.23
Low Date 10/25/2018
High 222.72
High Date 11/01/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 163.97
Low Date 06/28/2018
High 222.72
High Date 11/01/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 163.02
Low Date 03/13/2018
High 222.72
High Date 11/01/2018
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 247.55
Support 140.76
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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