The Greedy Trader Weekly Analysis
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Citigroup Inc. (C)

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Summary:
Weekly :Oversold industryPrice is near the Fibonacci 38.2% retracement level
Daily :Lane's Stochastic is oversoldPrice is near the Fibonacci 23.6% retracement level
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It was a first positive week for the Citigroup Inc. (C). During the week, the C gained 0.97 points, or 1.96%, and closed at 50.55 on Thursday, July 2, 2020. Weekly volume was -15% below average.

C is a member of Diversified Banks Industry. Diversified Banks is the tenth most oversold industry. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See C long-term trend chart]
A long-term downtrend had started on January 14, 2020 at 83.11 and reached 32.00 on March 18, 2020. C lost 51.11 points, or 61.50%, in 9 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See C medium-term trend chart]
A medium-term uptrend had started on March 18, 2020 at 32.00 and reached 62.47 on June 5, 2020. C gained -30.47 points, or -95.22%, in 11 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 44.51 and resistance is at 71.11. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See C weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since May 29, 2020. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See C short-term trend chart]
A short-term uptrend had started on June 26, 2020 at 49.47 and reached 50.92 on June 29, 2020. C gained -1.45 points, or -2.93%, in 3 days. Price is near the Fibonacci 23.6% retracement level.

Daily Technical Indicators: [See C daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since June 12, 2020. The distance between MACD and the signal line is low and getting smaller.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.39
Williams' Percentage Range (W%R) 72.50
Lane's Stochastic (%D-Slow) 19.33
Oversold
Greed/Fear Indicator (GFI) 30.40
Moving Average Converg./Diverg. (MACD) 0.77
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.95
Williams' Percentage Range (W%R) 58.70
Lane's Stochastic (%D-Slow) 65.84
Greed/Fear Indicator (GFI) 53.73
Moving Average Converg./Diverg. (MACD) -5.62
Trading Signals
Description Value Chart
Upper Bollinger Band 58.02
Parabolic System 56.13
Weekly Stochastic Crossing 53.16
20 Day Moving Average 53.14
Price 50.55
Daily Stochastic Crossing 50.48
50 Day Moving Average 49.04
Lower Bollinger Band 44.82
Quarterly Trendline Support 44.51
Sector and Industry
Description Name Rank
Sector Financials 4
Industry Diversified Banks 10
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 49.47
Low Date 06/26/2020
High 50.92
High Date 06/29/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 49.47
Low Date 06/26/2020
High 50.92
High Date 06/29/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 62.47
High Date 06/05/2020
Low 48.20
Low Date 06/11/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 71.11
Support 44.51
Low 32.00
Low Date 03/18/2020
High 62.47
High Date 06/05/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 83.11
High Date 01/14/2020
Low 32.00
Low Date 03/18/2020
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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