CIT Group Inc (CIT) Technical Analysis
NYSE:CIT
Current stock price
53.5
+2.16 (+4.21%)
At close:
53.82
+0.32 (+0.6%)
After Hours:
CIT Technical Rating and Analysis
Overall CIT gets a technical rating of 6 out of 10. CIT has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- CIT is one of the better performing stocks in the Banks industry, it outperforms 93% of 376 stocks in the same industry.
- CIT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CIT is lagging the market slightly.
- In the last month CIT has a been trading in the 45.95 - 54.33 range, which is quite wide. It is currently trading near the high of this range.
- CIT has an average volume of 1362840 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that CIT is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
- Volume is considerably higher in the last couple of days.
CIT Weekly and Daily overview Charts
CIT Setup Rating and Analysis
CIT has an average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
CIT Support and Resistance Analysis
45.21
56.74
3 important support areas can be observed.
- A support zone ranging from 50.17 to 51.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 47.15 to 47.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 45.67 to 46.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 53.71 to 55.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @56.18 from a horizontal line in the daily time frame.
CIT Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for CIT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CIT is neutral. |
| ChartMill Relative Strength | 84.16 | POSITIVE | CIT has a high relative strength, it outperformed 84.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CIT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CIT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CIT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.94 | NEUTRAL | The RSI value for CIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.31 | POSITIVE | The MACD value suggests CIT has a positive trend. |
| Stochastics (14,3) | 70.48 | NEUTRAL | The Stochastics value for CIT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.39 | MEDIUM VOLATILITY | The ATR as a percentage value for CIT suggests some volalility. |
CIT Chart- and CandleStick Pattern Analysis
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
CIT Technicals: Chart, Performance Metrics, Trend & Indicators
53.5
+2.16 (+4.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg4.21%
1 Week0.34%
2 Weeks15.53%
1 Month12.04%
3 Month0.91%
6 Month11.07%
12 Month36.72%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.92
ATR(20)%3.39%
ATR Inc40.55%
Range Today2.97
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.16
3 months CRSN/A
6 months CRSN/A
Mansfield-0.46
10 Day High54.33
10 Day Low48.24
20 Day High54.33
20 Day Low45.95
52 Week High56.62
52 Week Low35.56
CS1 End51.01
CR1 Start53.71
Volume & EV
DER(3)-1.46%
DER(5)-0.48%
Volume32.81M
Volume Incr1142.68%
Vol(5)8.19M
Vol(50)1.36M
CIT Group Inc / CIT TA FAQ
What is the ChartMill technical rating of CIT Group Inc (CIT) stock?
ChartMill assigns a technical rating of 5 / 10 to CIT.
Can you provide the trend direction for CIT Group Inc?
The current trend direction for CIT Group Inc (CIT) is Bullish.
Can you provide the RSI signal for CIT Group Inc?
CIT Group Inc (CIT) has an RSI value of 58.9441. This indicates that the stock is currently neutral.
What is the MACD signal for CIT Group Inc (CIT) stock?
The MACD indicator for CIT Group Inc (CIT) has a value of 0.307532, indicating a bearish trend.