CI breaks below previous session low
Moving lower for the 2nd day in a row, CI ended the week -3.15% lower at 183.28 after losing $2.14 (-1.15%) today. Today's closing price of 183.28 marks the lowest close since August 1st. Closing below Thursday's low at 184.92, CIGNA Corp. confirms its breakout through the previous session's low having traded $2.79 below it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Friday's trading range was $4.08 (2.23%), that's slightly below last trading month's daily average range of $4.17. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being above average.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bearish.
Market Conditions for CIGNA Corp.
|Close to R1 Resistance||TQ Pro Members Only|
|Decisive Up Move||TQ Pro Members Only|
|White Candle||TQ Pro Members Only|
|Close to S1 Support||TQ Pro Members Only|
|Price broke through Technical Resistance R1||TQ Pro Members Only|
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