CIT Group Inc (CIT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CIT - Common Stock
Taking everything into account, CIT scores 6 out of 10 in our technical rating. In the last year, CIT was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
CIT has an average technical rating and also the quality of the setup is only medium 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.
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45.21
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.
We can see 2 important resistance 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.
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. |
53.5
+2.16 (+4.21%)
CIT Group Inc / CIT FAQ
What is the ChartMill technical rating of CIT Group Inc (CIT) stock?
ChartMill assigns a technical rating of 5 / 10 to CIT.
What is the current trend direction of CIT Group Inc (CIT) stock?
The current trend direction for CIT Group Inc (CIT) is Bullish.
What is the RSI signal for CIT Group Inc (CIT) stock?
CIT Group Inc (CIT) has an RSI value of 58.9441. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CIT Group Inc?
The MACD indicator for CIT Group Inc (CIT) has a value of 0.307532, indicating a bearish trend.