CI breaks below previous session low


CIGNA Corp. (CI) Technical Analysis Report for Aug 10, 2018 [< 1 min read]
Highlights
CI closes lower for the 2nd day in a row
CI breaks below previous session low
CI falls to lowest close since August 1st
CI ends the day indecisive
TQ Sentiment
Report Sentiment: 25% Bearish
Technical Forecast:
Overview

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.

Daily chart for CI
Volatility

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.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Conclusion

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.
Condition Forecast Direction Win Avg Worst Best Events
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
More market conditions identified for TQ Pro members...
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