Technical Analysis

Technical Analysis of CI Stock

Current Price and Trend:

The current price of CI stock is 320.02 as of the latest data on 2025-03-07. The stock has shown a bullish trend, with the price moving above its 20-period moving average of 302.50. The recent price action indicates a strong upward momentum, with the stock closing at 321.02 on the same day.

Technical Indicators:

• RSI (6, 12, 14): The RSI values are 76.92, 68.28, and 66.51, respectively. These values are above 50, indicating a bullish trend, but not in the overbought zone (above 70).
• Stochastic Oscillator: The StochRSI is 79.03, which is in the overbought region, suggesting a potential pullback.
• MACD: The MACD line is 6.01, and the signal line is 4.41, indicating a bullish crossover. The MACD histogram is 1.60, showing upward momentum.
• Bollinger Bands: The stock is trading near the upper Bollinger Band (329.14), suggesting it may be overbought, but it hasn't crossed the band yet.

Fibonacci Levels:

• Pivot Point: 309.70
• Resistance Levels: 321.62, 328.98, 340.90
• Support Levels: 297.78, 290.42, 278.50

Price Action and Patterns:

The stock has been forming a series of higher highs and higher lows, indicating a strong bullish trend. The recent close above 321.02 suggests continued upward momentum. However, the proximity to the upper Bollinger Band and overbought StochRSI suggest a potential short-term pullback.

Recommendation:

Based on the technical analysis, CI stock is in a bullish trend with positive momentum. While there may be a short-term pullback due to overbought conditions, the overall trend remains upward.

Buy CI stock at the current price of 320.02, with a target price of 328.98 and a stop-loss at 313.90.