How the price action of The Cigna Group ($CI) is used to our Advantage
September 16, 2023, 05:45 am ET, BY Tyler- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CI
- Buy CI slightly over 266.84 target 292.70 stop loss @ 266.07 Details
The technical summary data tells us to buy CI near 266.84 with an upside target of 292.70. This data also tells us to set a stop loss @ 266.07 to protect against excessive loss in case the stock begins to move against the trade. 266.84 is the first level of support below 283.22 , and by rule, any test of support is a buy signal. In this case, support 266.84 is being tested, a buy signal would exist.
- Short CI slightly under 292.70, target 266.84, stop loss @ 293.55 Details
The technical summary data is suggesting a short of CI as it gets near 292.70 with a downside target of 266.84. We should have a stop loss in place at 293.55though. 292.70 is the first level of resistance above 283.22, and by rule, any test of resistance is a short signal. In this case, if resistance 292.70 is being tested, a short signal would exist.
Swing Trading Plans for CI
- Buy CI slightly over 285.12, target 292.70, Stop Loss @ 284.3 Details
If 285.12 begins to break higher, the technical summary data tells us to buy CI just slightly over 285.12, with an upside target of 292.70. The data also tells us to set a stop loss @ 284.3 in case the stock turns against the trade. 285.12 is the first level of resistance above 283.22, and by rule, any break above resistance is a buy signal. In this case, 285.12, 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 285.12, target 278.92, Stop Loss @ 285.94. Details
The technical summary data is suggesting a short of CI if it tests 285.12 with a downside target of 278.92. We should have a stop loss in place at 285.94 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, 285.12, 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 283.73, target 285.12, Stop Loss @ 283.07 Details
If 283.73 begins to break higher, the technical summary data tells us to buy CI just slightly over 283.73, with an upside target of 285.12. The data also tells us to set a stop loss @ 283.07 in case the stock turns against the trade. 283.73 is the first level of resistance above 283.22, and by rule, any break above resistance is a buy signal. In this case, 283.73, 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 283.73, target 278.92, Stop Loss @ 284.39. Details
The technical summary data is suggesting a short of CI if it tests 283.73 with a downside target of 278.92. We should have a stop loss in place at 284.39 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, 283.73, 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 September 16:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Weak |
| P1 |
0 |
0 |
240.54 |
| P2 |
283.73 |
278.92 |
266.84 |
| P3 |
287.86 |
285.12 |
292.70 |
AI Generated Signals for CI
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The The Cigna Group (NYSE: CI) data table below can help you with price action, and we have more details too. Trading plans for CI are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for CI:
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