CI Stock Price Prediction 2023

Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.

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The Cigna Group (NYSE: CI) is engaged in the provision of global health services. It operates through the following segments: Evernorth, U.S. Medical, International Markets, and Group Disability and Other. The Evernorth segment includes a broad range of coordinated and point solution health services, including pharmacy solutions, benefits management solutions, care solutions and intelligence solutions. The company was founded in 1792 and is headquartered in Bloomfield, CT.

Will CI Stock Reach $350 Ahead of Q3 Results?

CI stock price was extending the gains and is heading toward the 52 week high of $340, highlighting bullishness on the chart. Moreover, the buyers have made long positions ahead of the Q3 earning results which will be posted on November 2nd. Analysts expect healthy numbers with a steady rise in net income and revenue.

At press time, CI stock price is trading at $309.20 with an intraday gain of 1.30% showing bullishness on the charts. Moreover, the trading volume increased by 0.65% to 1.90 Million. However, the market cap of CI stock is $91.517 Billion. Furthermore, analysts have maintained a buy rating with a yearly target price of $335.  

CI Stock Price Prediction 2023

Cigna Group Inc. (NYSE: CI) CI stock formed a rounding bottom pattern and has surpassed the immediate hurdle of $300 in the last sessions. Moreover, CI stock is trading above the significant moving averages delivering the bullishness on the charts. Based on the price action, CI stock is favoring the bulls and suggests that the outperformance will continue and that the stock will reach $350 by the end of 2023.

CI Stock Price Prediction 2024

On the monthly chart, CI stock marked a 52 week high at $340 last year and bounced from the 100 day EMA support zone near $240. Furthermore, the chart shows a rising channel and the upper neckline of the channel exists near $400 which may be fetched by 2024.

CI stock price is trading above the barrier of $300 and is gaining momentum. Buyers have persisted in making long positions and are looking to retest the highs of $340.

The RSI curve is in the overbought zone and formed a bullish divergence highlighting the bullish dominance.

The MACD indicator shows a bullish crossover and green bars on the histogram suggesting a positive outlook for the upcoming sessions.

Will CI Stock Price Reach $500 By 2025?

CI stock is trading in an uptrend and persisted in forming the higher highs for the past number of sessions. Bulls have persisted in gaining traction and looked aggressive, aiming to cross the $400 and $450 marks.

CI Stock Price Forecast 2026

As per the Fib extension plotted on the 6 month chart,  CI stock is trading above 38.2% and suggests a maximum upside of $580 which is the blue skyzone, which the stock may reach by 2026.

Summary 

CI stock price is trading above the significant moving averages and is delivering the bullish view on the charts. Furthermore, the chart suggests that CI stock will skyrocket and may reach the 52 week high of $340 soon. As per the option chain data, buyers are accumulating the stock.

Technical Levels

Support Levels: $300 and $295

Resistance Levels: $315 and $330

Disclaimer

The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.