The Greedy Trader Weekly Analysis
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CIGNA Corp.
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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :The price has fallen below the Parabolic SAR
Move cursor over the icon to see details.

It was the negative week for the CIGNA Corp. (CI). During the week, the CI dropped -5.97 points, or -3.15%, and closed at 183.28 on Friday, August 10, 2018. It was the worst weekly loss since March 9, 2018. Weekly volume was 110% 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 138.89 and resistance is at 241.56. 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 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 Falling Pennant chart pattern. The uptrend resistance line (171.50) 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 medium-term trend.

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

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 June 28, 2018 at 163.97 and reached 193.37 on August 3, 2018. CI gained -29.40 points, or -17.93%, in 36 days. The chart has formed a Broadening Ascending Wedge chart pattern.

Daily Technical Indicators: [See CI daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since July 9, 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 fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.60
Williams' Percentage Range (W%R) 40.20
Lane's Stochastic (%D-Slow) 62.92
Greed/Fear Indicator (GFI) 61.44
Moving Average Converg./Diverg. (MACD) 2.97
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.82
Williams' Percentage Range (W%R) 34.70
Lane's Stochastic (%D-Slow) 68.97
Greed/Fear Indicator (GFI) 62.57
Moving Average Converg./Diverg. (MACD) -3.29
Trading Signals
Description Value Chart
Parabolic System 193.56
Upper Bollinger Band 192.94
Daily Stochastic Crossing 187.54
Weekly Stochastic Crossing 185.70
Price 183.28
20 Day Moving Average 180.65
50 Day Moving Average 176.42
Quarterly Trendline Support 171.50
Lower Bollinger Band 170.25
Monthly Trendline Support 164.35
Quarterly Trendline Resistance 161.05
Monthly Trendline Resistance 161.05
Sector and Industry
Description Name Rank
Sector Healthcare 9
Industry Health Care Plans 152
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 163.97
Low Date 06/28/2018
High 193.37
High Date 08/03/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 163.02
Low Date 03/13/2018
High 193.37
High Date 08/03/2018
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 161.05
Support 164.35
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 Falling Pennant
Status Broken Resistance
Resistance 161.05
Support 171.50
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 241.56
Support 138.89
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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