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Cigna

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.
NYSE:CILong
by VantageMarkets
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.
NYSE:CILong
by DivergenceSeeker
1
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.
NYSE:CIShort
by vitalalyt