Resistance

Million

Billion

<ul class="list-ic vertical">
 <li><span>1</span> <a>The Cigna Group (CI) stock shows positivity and has followed trendline support for a long time.</a></li>
 <li><span>2</span> <a>The Cigna Group (NYSE: CI) price are headed upwards as per technical tools indications.</a></li>
</ul>
<p>The Cigna Group (NYSE: CI) stock is currently trading with an intraday volume of 864.427K and the average trading volume of the stock is 1.255 Million. The market cap of the company is $90.167 Billion and the company gave a dividend of 1.63%. The price-to-earnings ratio for the TTM of the company is 13.72 with a basic EPS of $22.23 and a share float of 290.533 Million shares.&nbsp;</p>
<p>The CI stock price has been rising following an upward trendline quite effectively from March 2020. When CI rallied from the $118 support level by making an upward break of structures, following higher highs and lows structure, and reached $340.&nbsp;</p>
<p>But at high, it faced resistance as investors took profit booking and fell almost 30% and formed support at $240 by May 31st, 2023. From this level onwards, the CI stock happened to be in an uptrend and rising.</p>
<h2 class="wp-block-heading" id="strong-will-ci-stock-reach-340-resistance-strong"><strong>Will CI Stock Reach $340 Resistance?</strong></h2>
<p>The CI stock 52-week price range was between $240 to $340. The price has not broken this range and showed both a lower low structure and a higher high structure in this period.</p>
<p>Recently, the MACD has shown a bullish cross, where MACD stands at 5.63 and the signal stands at 5.02 where both lines are above zero line.</p>
<p>Also, the RSI curve is above the median line which is a healthy sign as the curve which was declining earlier has taken a U-turn and headed upwards where RSI stands at 60.20 and 14 SMA stands at 64.06.</p>
<p>The moving averages show that the stock has been going up for four years and has not fallen below the upward trendline. The 20 and 50-day EMA also show strong performance on the chart. At press time, the stock price is bullish, as it is above both the 20 and 50 EMA.</p>
<p>Therefore, if buyers boost more, the CI stock might surge strongly from the current level and surge above. The possible targets are between $317 and $329.</p>
<p>On the contrary, if CI stock fails to hold its grip and continuously declines and breaches below $285, it may hit $275.On top of that, 11 out of 22 analysts based on three months of evaluation highlight their strong buy sentiments for the investors and traders.&nbsp;</p>
<p>Furthermore, the 21 analysts are also sharing 1 year future CI price estimates for the investors and traders which are from $300 to $385.</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" loading="lazy" width="1563" height="836" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-687.png" alt="Can The Cigna Group (NYSE: CI) Cross Yearly High Before December?" class="wp-image-177951" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-687.png 1563w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-687-300x160.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-687-1024x548.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-687-768x411.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-687-1536x822.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-687-750x401.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-687-1140x610.png 1140w" sizes="(max-width: 1563px) 100vw, 1563px">
  <figcaption class="wp-element-caption">
   Source: NYSE: CI by TradingView
  </figcaption>
 </figure>
</div>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" loading="lazy" width="1563" height="835" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-688.png" alt="Can The Cigna Group (NYSE: CI) Cross Yearly High Before December?" class="wp-image-177952" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-688.png 1563w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-688-300x160.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-688-1024x547.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-688-768x410.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-688-1536x821.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-688-750x401.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-688-1140x609.png 1140w" sizes="(max-width: 1563px) 100vw, 1563px">
  <figcaption class="wp-element-caption">
   Source: NYSE: CI by TradingView
  </figcaption>
 </figure>
</div>
<h4 class="wp-block-heading"><strong>Summary</strong></h4>
<p>The <a href="https://www.thecoinrepublic.com/2023/10/23/amd-stock-shed-over-8-expected-to-follow-the-bearish-macd/" target="_blank" rel="noopener noreferrer nofollow">Cigna group </a>(NYSE: CI) chart indicates that the traders and investors of the share price are bullish and positive on the 1-D timeframe. The price action shows a higher highs and lows formation in CI stock showing signs of a more bullish outlook at the time of publishing. The technical analysis tools of the Cigna stock price highlight upward signals and support bullishness.&nbsp;</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels</strong>: $285 and $275</p>
<p><strong>Resistance Levels</strong>: $317 and $329</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

Can The Cigna Group (NYSE: CI) Cross Yearly High Before December?

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