CITIGROUP INC (NYSE:C) was identified as a Technical Breakout Setup Pattern by our stockscreener. Such a pattern occurs when we see a pause in a strong uptrend: after a strong rise the stock is consolidating a bit and at some point the trend may be continued. Whether this actually happens can not be predicted of course, but it may be a good idea to keep and eye on NYSE:C.
ChartMill assigns a Technical Rating to every stock. This score ranges from 0 to 10 and is updated daily. The score is determined by evaluating multiple technical indicators and properties.
We assign a technical rating of 7 out of 10 to C. In the last year, C was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Besides the Technical Rating, ChartMill also assign a Setup Rating to every stock. This setup score also ranges from 0 to 10 and determines to which extend the stock is consolidating. This is achieved by evaluating multiple short term technical indicators. NYSE:C currently has a 8 as setup rating:
Besides having an excellent technical rating, C also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 49.35. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 48.65, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for C in the last couple of days, which is a good sign.
A breakout could materialize when the stock breaks out to new highs above the current consolidation zone. One could wait for this to happen and buy when this happens. A stop loss could be placed below the consolidation zone.
Of course, there are many ways to trade or not trade NYSE:C and this article should in no way be interpreted as trading advice. The article is purely based on an automated technical analysis and just points out the technical observations. Always make your own analysis and trade at your own responsibility.
More breakout setups can be found in our Breakout analyzer.
On November 30, 2022, net asset value was SEK 295 per share. The closing price on November 30, 2022, was SEK 268.00 for the Class A shares...
Den 30 november 2022 var substansvärdet 295 kronor per aktie. Sista stängningskurs den 30 november 2022 var 268,00 kronor för A-aktien och 266,10 kronor...
Where the company increases or reduces the total number of shares or votes in the company, the company shall by law publish information regarding the...
Bolaget har en skyldighet enligt lag att offentliggöra uppgifter om en förändring i totala antalet aktier eller röster i bolaget. Vid årsstämman 2011...
Citigroup on Wednesday forecast global growth to slow to below 2% next year, echoing similar projections by major financial institutions such as Goldman Sachs, Barclays, and J.P. Morgan.
Strategists at the brokerage cited continued challenges from the COVID-19 pandemic and the Russia-Ukraine war — which skyrocketed inflation to decades-high levels and triggered aggressive policy tightening — as reasons behind the outlook. "We see global performance as likely (being) plagued by 'rolling' country-level recessions through the year ahead," said Citi strategists, led by Nathan Sheets. The Wall-Street investment bank also expects growth in the U.S. economy to more than halve to 0.7% in 2023 from its earlier projection of 1.9% growth in 2022.
Judge temporarily froze assets of funds run by Advent International, including Mifel, a bank that is bidding to buy Citigroup’s Banamex unit.
Foot Locker said chief financial officer Andrew Page will exit the company after Q4 results, and the shoe retailer announced appointments of several new senior executives.
Recent job cuts across Wall Street are the typical culling of underperformers rather than a sign the industry is undergoing a mass retrenchment, said a top Citigroup Inc. banker.
These top airline stocks to buy should soar thanks to a busy holiday season, especially with millions of Americans traveling again.