The Greedy Trader Weekly Analysis
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Money Center Banks Industry Technical Analysis

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- 12/6/2019 -
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Citigroup Inc. (C)

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Summary:
Weekly :Broken trend support lineLane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought
Daily :Williams' Percentage Range is strongly overboughtThe price touches the upper Bollinger BandThe period of low volatility of the stock price
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It was a third consecutive positive week for the Citigroup Inc. (C). During the week, the C climbed 0.69 points, or 0.92%, and closed at 75.81 on Friday, December 6, 2019. Weekly volume was -52% below average.

Long-term trend: [See C long-term trend chart]
A long-term uptrend had started on December 26, 2018 at 48.42 and reached 76.28 on November 7, 2019. C gained -27.86 points, or -57.54%, in 45 weeks. Price is near the trend high.

Medium-term trend: [See C medium-term trend chart]
A medium-term uptrend had started on October 3, 2019 at 64.79 and reached 76.28 on November 7, 2019. C gained -11.49 points, or -17.73%, in 5 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend support line (75.95) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See C weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since October 4, 2019. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See C short-term trend chart]
A short-term downtrend had started on November 27, 2019 at 76.13 and reached 72.50 on December 3, 2019. C lost 3.63 points, or 4.77%, in 6 days. The price is now at the 91.18% retracement level.

Daily Technical Indicators: [See C daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range.

The daily MACD line is below its signal line since November 12, 2019. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

The price touches the upper Bollinger Band. The distance between the Bollinger Bands is falling, and it was 4.06% on Friday. It is 68.31% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.32
Williams' Percentage Range (W%R) 7.80
Strong Overbought
Lane's Stochastic (%D-Slow) 53.01
Greed/Fear Indicator (GFI) 67.85
Moving Average Converg./Diverg. (MACD) 0.73
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 78.28
Williams' Percentage Range (W%R) 2.20
Strong Overbought
Lane's Stochastic (%D-Slow) 88.20
Overbought
Greed/Fear Indicator (GFI) 81.12
Overbought
Moving Average Converg./Diverg. (MACD) 1.54
Trading Signals
Description Value Chart
Weekly Trendline Resistance 76.07
Upper Bollinger Band 75.97
Weekly Trendline Support 75.95
Price 75.81
Weekly Stochastic Crossing 75.28
20 Day Moving Average 74.77
Daily Stochastic Crossing 74.55
Lower Bollinger Band 72.90
50 Day Moving Average 72.43
Parabolic System 72.43
Sector and Industry
Description Name Rank
Sector Financial 7
Industry Money Center Banks 149
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 76.13
High Date 11/27/2019
Low 72.50
Low Date 12/03/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Support
Resistance 76.07
Support 75.95
Low 64.79
Low Date 10/03/2019
High 76.28
High Date 11/07/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 60.72
Low Date 08/15/2019
High 76.28
High Date 11/07/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 48.42
Low Date 12/26/2018
High 76.28
High Date 11/07/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 9.70
Low Date 03/05/2009
High 80.70
High Date 01/29/2018
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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