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The Cigna GroupTT

The Cigna Group

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The Cigna Group to break the resistance?CIGNA CORPORATION - 30d expiry - We look to Buy a break of 270.11 (stop at 260.11) The primary trend remains bullish. Posted a Double Bottom formation. A break of the recent high at 269.36 should result in a further move higher. This stock has seen good sales growth. The bias is to break to the upside. Our profit targets will be 295.11 and 300.11 Resistance: 258.50 / 265.0 / 269.36 Support: 254.50 / 251.00 / 240.50 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NLong
by VantageMarkets
Cigna "Last Call" Bull TradeMy Position Initial Buy: 256.50 Second Buy: 259.50 Total Average: 258 Stop Loss: 256 Price Target: 278.50 Here is an example of a "Last Call" bullish entry. I am forecasting an explosive move upwards post United Health Group earnings tomorrow. This has been a laggard compared to its main peers UNH and Humana. Entry: 261.32 (20 day moving average on the 4 hour chart which has served as consolidation support since April 5th) Stop loss: 258.45 Price Target: 278.50 Risk to Reward: 1 : 5.99 If you move to the 4 hour chart, you can see the trading range has been getting tighter and tighter as the 20MA and 50MA moving averages converge. This signals to me a big move is coming. Conditions on being wrong in this trade: A 4 hourly candle close below the 4HR 20MA(yellow) and failure to recapture it in the following 2 4 hr candles OR stop loss is triggered.
NLong
by EquityCast
CI | A Great Pick | LONGThe Cigna Group, together with its subsidiaries, provides insurance and related products and services in the United States. Its Evernorth Health Services segment provides a range of coordinated and point solution health services, including pharmacy benefits, home delivery pharmacy, specialty pharmacy, distribution, and care delivery and management solutions to health plans, employers, government organizations, and health care providers. The company's Cigna Healthcare segment offers medical, pharmacy, behavioral health, dental, and other products and services for insured and self-insured customers; Medicare Advantage, Medicare Supplement, and Medicare Part D plans for seniors, as well as individual health insurance plans; and health care coverage in its international markets, as well as health care benefits for mobile individuals and employees of multinational organizations. The company also offers permanent insurance contracts sold to corporations to provide coverage on the lives of certain employees for financing employer-paid future benefit obligations. It distributes its products and services through insurance brokers and consultants; directly to employers, unions and other groups, or individuals; and private and public exchanges. The company was formerly known as Cigna Corporation and changed its name to The Cigna Group in February 2023. The Cigna Group was founded in 1792 and is headquartered in Bloomfield, Connecticut.
NLong
by DivergenceSeeker
1
$CI healthcear leader near 52wk highCigna Corp sells healthcear memberships for dental, medical and other servicesa like. For the six months ended 30 June 2022, Cigna Corp revenues increased 6% to $89.07B. Net income increased 4% to $2.74B. Breakout after breakout NYSE:CI is one of the few S&P 500 stocks that pass my trend template. As long the price stays above $272 I'm long. The On Balance Volume confirms the uptrend also making higher lows. Is always great to see volume confirming price action. But I'll wait for my ideal buy signal which is at $293.50. Let's see what happens.
NLong
by dpuleo19
CI: Break all time highs?CIGNA CORPORATION Short Term - We look to Buy a break of 296.00 (stop at 288.02) Price action continues to trade around the all-time highs. There is no sign that this bullish momentum is faltering but the pair has stalled close to a previous swing high of 294.50. The bias is to break to the upside. A break of resistance at 296.00 should lead to a more aggressive move higher towards 315.00. Our profit targets will be 315.00 and 320.00 Resistance: 294.50 / 315.00 / 400.00 Support: 283.50 / 271.00 / 240.00 P lease be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NLong
by VantageMarkets
Cigna – Is There a Sign of Trend Reversal for a Deep Correction?Fundamental Indicators: Sector – Healthcare US Business Cycle Stage – late cycle, when this sector is one of the most favourable Revenue - consistently growing since for the last 10 years Profits – peaked in 2020 and considerably dropped since then Net margin – quite low with just 3% and dropping since 2020 P/E – at a good level of 16 compared to S&P500 with 21 and Healthcare sector 22 Liabilities - debt ratio is at 0.7 which is within normal limits Conclusion – still good financial performance comparted to the market as a whole but with signs of a slow down Technical Analysis (Elliott Waves): Main scenario of this idea suggests that we are still observing development of the global growth cycle which is currently at the stage of completing wave 3 (see higher timeframe graph) Since the correction of March 2020, we can see choppy move to the upside updating historic highs which is a sign of an Ending Diagonal. And wave 5 of 5 is also very likely to be an Ending Diagonal which indicates that bulls are out of energy and a sharp reversal is about to play out The long term target for the depth of global wave 4 is likely to be $110-$150 (0.5-0.618 Fibonacci retracement levels). However, given the previous correction took 8 years between 2000 and 2008, the upcoming one should be even longer in duration according the EW guidelines This is a higher timeframe to reflect the full history of Cigna and to provide full wave count: What do you think about Cigna and its short term prospects? Also let me know if you would like to see other stocks, indices, Forex or Crypto analysed using Elliott Waves.
NShort
by vitalalyt
$CI is breaking out of a ~14 month cup with handle pattern!Notes: * Very strong up trend on all time frames * Great earnings track record * Breaking out of a ~14 month cup with handle pattern * It did break out before but then pulled back (seems like a shakeout) * Now it's been in a tight range just above the broken resistance creating new support * The last session printed a pocket pivot indicating institutional buying Technicals: Sector: Healthcare - Healthcare Plans Relative Strength vs. Sector: 5.55 Relative Strength vs. SP500: 28.95 U/D Ratio: 1.77 Base Depth: 43.95% Distance from breakout buy point: 1.09% Volume -5.44% below its 15 day avg. Trade Idea: * You can enter now as the price is just above the broken resistance with the last session being a pocket pivot * If you want a better entry you can look for one around the 270.1 area * This stock usually has local tops when the price closes around 9.18% above its 50 EMA * Consider selling into strength if the price closes 8.98% to 9.38% (or higher) above its 50 EMA * The last closing price is 3.9% away from its 50 EMA
NLong
by HaseebKhan_90
$CI looking to break out of its ~14month cup and handle!Notes: * Very strong up trend on all time frames * Great earnings track record * Pays out dividends * Forming a cup and handle over the past ~14 months * Bouncing off of its 50 day line with very bullish price action and volume Technicals: Sector: Healthcare - Healthcare Plans Relative Strength vs. Sector: 2.7 Relative Strength vs. SP500: 1.65 U/D Ratio: 1.15 Base Depth: 43.95% Distance from breakout buy point: -2.77% Volume 2.78% above its 15 day avg. Trade Idea: * You can enter now as the price is just bouncing off of it 50 day line with volume * If you want a better entry you can look for one around the 262.8 area * This stock usually has local tops when the price closes around 9.64% above its 50 EMA * Consider selling into strength if the price closes 9.44% to 9.84% (or higher) above its 50 EMA * The last closing price is 3.14% away from its 50 EMA
NLong
by HaseebKhan_90