When the Price of (CI) Talks, People Listen
April 18, 2024, 13:06 pm ET, BY William C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CI
- Buy CI slightly over 341.37 target 361.13 stop loss @ 340.38 Details
The technical summary data tells us to buy CI near 341.37 with an upside target of 361.13. This data also tells us to set a stop loss @ 340.38 to protect against excessive loss in case the stock begins to move against the trade. 341.37 is the first level of support below 348.375 , and by rule, any test of support is a buy signal. In this case, support 341.37 is being tested, a buy signal would exist.
- Short CI slightly under 361.13, target 341.37, stop loss @ 362.17 Details
The technical summary data is suggesting a short of CI as it gets near 361.13 with a downside target of 341.37. We should have a stop loss in place at 362.17though. 361.13 is the first level of resistance above 348.375, and by rule, any test of resistance is a short signal. In this case, if resistance 361.13 is being tested, a short signal would exist.
Swing Trading Plans for CI
- Buy CI slightly over 349.76, target 361.13, Stop Loss @ 348.75 Details
If 349.76 begins to break higher, the technical summary data tells us to buy CI just slightly over 349.76, with an upside target of 361.13. The data also tells us to set a stop loss @ 348.75 in case the stock turns against the trade. 349.76 is the first level of resistance above 348.375, and by rule, any break above resistance is a buy signal. In this case, 349.76, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short CI slightly near 349.76, target 344.78, Stop Loss @ 350.77. Details
The technical summary data is suggesting a short of CI if it tests 349.76 with a downside target of 344.78. We should have a stop loss in place at 350.77 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 349.76, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for CI
- Buy CI slightly over 349.76, target 361.13, Stop Loss @ 348.94 Details
If 349.76 begins to break higher, the technical summary data tells us to buy CI just slightly over 349.76, with an upside target of 361.13. The data also tells us to set a stop loss @ 348.94 in case the stock turns against the trade. 349.76 is the first level of resistance above 348.375, and by rule, any break above resistance is a buy signal. In this case, 349.76, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short CI slightly near 349.76, target 348.3, Stop Loss @ 350.58. Details
The technical summary data is suggesting a short of CI if it tests 349.76 with a downside target of 348.3. We should have a stop loss in place at 350.58 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 349.76, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for The Cigna Group (CI) available here: CI.
CI Ratings for April 18:
Term → | Near |
Mid |
Long |
Rating |
Weak |
Neutral |
Strong |
P1 |
0 |
0 |
319.85 |
P2 |
345.54 |
344.78 |
341.37 |
P3 |
348.3 |
349.76 |
361.13 |
AI Generated Signals for CI
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of The Cigna Group (NYSE: CI) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for CI can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for CI: