(CI) Proactive Strategies

January 26, 2024, 14:48 pm ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CI

• Buy CI slightly over 296.69 target 318.26 stop loss @ 295.83 Details

The technical summary data tells us to buy CI near 296.69 with an upside target of 318.26. This data also tells us to set a stop loss @ 295.83 to protect against excessive loss in case the stock begins to move against the trade. 296.69 is the first level of support below 298.835 , and by rule, any test of support is a buy signal. In this case, support 296.69 is being tested, a buy signal would exist.

• Short CI slightly under 318.26, target 296.69, stop loss @ 319.18 Details

The technical summary data is suggesting a short of CI as it gets near 318.26 with a downside target of 296.69. We should have a stop loss in place at 319.18though. 318.26 is the first level of resistance above 298.835, and by rule, any test of resistance is a short signal. In this case, if resistance 318.26 is being tested, a short signal would exist.

Swing Trading Plans for CI

• Buy CI slightly over 305, target 318.26, Stop Loss @ 304.12 Details

If 305 begins to break higher, the technical summary data tells us to buy CI just slightly over 305, with an upside target of 318.26. The data also tells us to set a stop loss @ 304.12 in case the stock turns against the trade. 305 is the first level of resistance above 298.835, and by rule, any break above resistance is a buy signal. In this case, 305, 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 305, target 297.08, Stop Loss @ 305.88. Details

The technical summary data is suggesting a short of CI if it tests 305 with a downside target of 297.08. We should have a stop loss in place at 305.88 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, 305, 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 301.77, target 305, Stop Loss @ 301.07 Details

If 301.77 begins to break higher, the technical summary data tells us to buy CI just slightly over 301.77, with an upside target of 305. The data also tells us to set a stop loss @ 301.07 in case the stock turns against the trade. 301.77 is the first level of resistance above 298.835, and by rule, any break above resistance is a buy signal. In this case, 301.77, 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 301.77, target 297.08, Stop Loss @ 302.47. Details

The technical summary data is suggesting a short of CI if it tests 301.77 with a downside target of 297.08. We should have a stop loss in place at 302.47 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, 301.77, 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 January 26:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Neutral
P1	0	274.61
P2	297.08	296.69	318.26
P3	0	305	0

AI Generated Signals for CI

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Don't over think it!  Trading The Cigna Group (NYSE: CI) or any other stock can be rewarding if the simple rules of technical analysis are observed before making any decisions.  This should be an integral part of the investment process.

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This is a static report, the data below was valid at the time of the publication, but support and resistance levels for CI change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if CI is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for CI too.  All of these are offered below the Summary Table.