CIT Group Inc (CIT) Technical Analysis
NYSE:CIT
Current stock price
CIT Technical Rating and Analysis
Taking everything into account, CIT scores 6 out of 10 in our technical rating. 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 short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- CIT is one of the better performing stocks in the Banks industry, it outperforms 91% of 381 stocks in the same industry.
- CIT is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so CIT is performing more or less in line with the market.
- 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.
- Looking at the yearly performance, CIT did better than 84% of all other 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
When analyzing the support we can see 3 important areas.
- 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
CIT Technicals: Chart, Performance Metrics, Trend & Indicators
53.5
+2.16 (+4.21%)
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.
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 short term momentum for CIT Group Inc?
The short term momentum for CIT Group Inc (CIT) is neutral.
What is the support and resistance level for CIT stock?
CIT Group Inc (CIT) has a support level at 51.01 and a resistance level at 53.71. Check the full technical report for our detailed analysis of CIT support and resistance levels.