Cigna Corp (CI): Price Now Near $242.85; Daily Chart Shows Downtrend on 20 Day Basis

The Hourly View for CI

At the moment, CI (Get Ratings)’s price is down $-1.04 (-0.43%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

CI ranks 10th in terms of today’s price percentage change out of Insurance stocks.

CI’s Technical Outlook on the Daily Chart

At the moment, CI’s price is up $0.86 (0.36%) from the day prior. CI has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears. As for the trend on the daily timeframe, we see the clearest trend on the 20 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. The chart below shows CI’s price action over the past 90 days.

CI

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