The Greedy Trader Weekly Analysis
Sign In Feb 16, 2018
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CIGNA Corp.
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Summary:
Weekly :Weekly  MACD line has moved below its signal lineBroken trend support line
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldThe Bollinger Bands are historically far apart
Move cursor over the icon to see details.

It was the negative week for the CIGNA Corp. (CI). During the week, the CI dropped -10.69 points, or -5.23%, and closed at 193.77 on Friday, February 09, 2018. Weekly volume was 76% 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 price is now at the 15.22% retracement level.

Medium-term trend: [See CI medium-term trend chart]
A medium-term uptrend had started on November 1, 2016 at 115.03 and reached 227.13 on January 29, 2018. CI gained -112.10 points, or -97.45%, in 64 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (212.97) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. CI may retest the broken support line. It is considered to be a resistance line now. 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 support in a medium-term trend.

Weekly Technical Indicators: [See CI weekly technical indicators chart]
Weekly technical indicators are neutral.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.

Short-term trend: [See CI short-term trend chart]
A short-term downtrend had started on January 29, 2018 at 227.13 and reached 187.14 on February 9, 2018. CI lost 39.99 points, or 17.61%, in 11 days. The price is now at the 16.58% retracement level.

Daily Technical Indicators: [See CI daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. 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 daily MACD line is below its signal line since January 29, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

The distance between the Bollinger Bands (23.33%) is close to one year high (13.28%). It is 268.20% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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) 24.12
Williams' Percentage Range (W%R) 87.80
Oversold
Lane's Stochastic (%D-Slow) 11.56
Oversold
Greed/Fear Indicator (GFI) 15.96
Oversold
Moving Average Converg./Diverg. (MACD) -1.10
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.81
Williams' Percentage Range (W%R) 74.60
Lane's Stochastic (%D-Slow) 64.18
Greed/Fear Indicator (GFI) 46.08
Moving Average Converg./Diverg. (MACD) 10.30
Trading Signals
Description Value Chart
Upper Bollinger Band 228.38
Quarterly Trendline Resistance 224.92
Quarterly Trendline Support 212.97
Weekly Stochastic Crossing 211.28
20 Day Moving Average 211.00
Parabolic System 209.49
50 Day Moving Average 208.21
Price 193.77
Daily Stochastic Crossing 191.09
Lower Bollinger Band 183.17
Sector and Industry
Description Name Rank
Sector Healthcare 6
Industry Health Care Plans 113
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 227.13
High Date 01/29/2018
Low 187.14
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 227.13
High Date 01/29/2018
Low 187.14
Low Date 02/09/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 227.13
High Date 01/29/2018
Low 187.14
Low Date 02/09/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 224.92
Support 212.97
Low 115.03
Low Date 11/01/2016
High 227.13
High Date 01/29/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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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