The Greedy Trader Weekly Analysis
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Downtrend Resistance
Downtrend Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.

Downtrend Resistance

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- 10/16/2026 -
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CIGNA Corp. (CI) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtWeekly  MACD line has moved above its signal lineTrend resistance at 308.05
Daily :Relative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overboughtBearish Deliberation CandlestickThe price is above the upper Bollinger Band
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It was a second positive week after 4 consecutive negative weeks for the CIGNA Corp. (CI). During the week, the CI gained 19.87 points, or 7.04%, and closed at 302.30 on Friday, October 16, 2026. Weekly volume was -13% below average.

CI is a member of Health Care Sector. Health Care 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 downtrend had started on September 16, 2024 at 370.83 and reached 239.51 on November 3, 2025. CI lost 131.32 points, or 35.41%, in 59 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (308.05). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See CI medium-term trend chart]
A medium-term uptrend had started on November 3, 2025 at 239.51 and reached 305.44 on July 14, 2026. CI gained -65.93 points, or -27.53%, in 36 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 283.34 and resistance is at 310.22. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See CI weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 link to access Williams' Percentage Range help.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 1, 2026 at 262.85 and reached 303.08 on October 16, 2026. CI gained -40.23 points, or -15.31%, in 15 days. Price is near the trend high.

Daily Technical Indicators: [See CI daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is above its signal line since October 5, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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.

Candlestick pattern: [See CI candlestick chart pattern]
On Friday the chart has formed a Bearish Deliberation Candlestick pattern. This pattern occurs in an uptrend;it appears after a sustained upward move and suggests that the rally is losing strength and a reversal is possible. The reliability of the Bearish Deliberation pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Deliberation Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 82.63
Overbought
Williams' Percentage Range (W%R) 5.20
Strong Overbought
Lane's Stochastic (%D-Slow) 89.56
Overbought
Greed/Fear Indicator (GFI) 89.01
Overbought
Moving Average Converg./Diverg. (MACD) 1.07
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.02
Williams' Percentage Range (W%R) 10.40
Overbought
Lane's Stochastic (%D-Slow) 45.19
Greed/Fear Indicator (GFI) 62.78
Moving Average Converg./Diverg. (MACD) -0.84
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 310.22
Yearly Trendline Resistance 308.05
Price 302.30
Upper Bollinger Band 301.44
Daily Stochastic Crossing 300.67
Quarterly Trendline Support 283.34
Monthly Trendline Resistance 282.85
Weekly Stochastic Crossing 281.02
Parabolic System 280.32
50 Day Moving Average 278.92
20 Day Moving Average 277.78
Lower Bollinger Band 262.96
Monthly Trendline Support 262.78
Sector and Industry
Description Name Rank
Sector Health Care 11
Industry Managed Health Care 101
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 262.85
Low Date 10/01/2026
High 303.08
High Date 10/16/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 262.85
Low Date 10/01/2026
High 303.08
High Date 10/16/2026
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Broken Resistance
Resistance 282.85
Support 262.78
High 305.44
High Date 07/14/2026
Low 262.85
Low Date 10/01/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 310.22
Support 283.34
Low 239.51
Low Date 11/03/2025
High 305.44
High Date 07/14/2026
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 308.05
Support 209.68
High 370.83
High Date 09/16/2024
Low 239.51
Low Date 11/03/2025
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.