The Greedy Trader Weekly Analysis
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Citizens Financial Group
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Summary:
Weekly :Williams' Percentage Range is oversoldTrend support at 40.23
Daily :The price has risen above the Parabolic SARThe price has declined below the moving average in the center of the Bollinger BandsThe Bollinger Bands are historically close togetherPrice is close to the 50 Day Moving Average
Move cursor over the icon to see details.

It was the negative week for the Citizens Financial Group (CFG). During the week, the CFG gave back -0.15 points, or -0.37%, and closed at 40.27 on Friday, August 10, 2018. It was the worst weekly loss since June 29, 2018. Weekly volume was -37% below average.

Long-term trend: [See CFG long-term trend chart]
A long-term uptrend had started on September 27, 2016 at 23.81 and reached 48.23 on January 24, 2018. CFG gained -24.42 points, or -102.56%, in 69 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (40.23) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.

Medium-term trend: [See CFG medium-term trend chart]
A medium-term downtrend had started on January 24, 2018 at 48.23 and reached 38.65 on July 2, 2018. CFG lost 9.58 points, or 19.86%, in 22 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 37.79 and resistance is at 40.66. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See CFG weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Williams' Percentage Range help.

The weekly MACD line is below its signal line since March 9, 2018. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See CFG short-term trend chart]
A short-term uptrend had started on July 31, 2018 at 39.41 and reached 41.12 on August 8, 2018. CFG gained -1.71 points, or -4.34%, in 8 days. The price is now at the 49.71% retracement level.

Daily Technical Indicators: [See CFG daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since July 11, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (3.38%) is close to one year low (3.76%). It is 64.18% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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.

Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.45
Williams' Percentage Range (W%R) 66.30
Lane's Stochastic (%D-Slow) 69.69
Greed/Fear Indicator (GFI) 49.95
Moving Average Converg./Diverg. (MACD) -0.06
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.05
Williams' Percentage Range (W%R) 80.20
Oversold
Lane's Stochastic (%D-Slow) 35.78
Greed/Fear Indicator (GFI) 33.62
Moving Average Converg./Diverg. (MACD) -0.12
Trading Signals
Description Value Chart
Upper Bollinger Band 40.98
Quarterly Trendline Resistance 40.66
Daily Stochastic Crossing 40.64
50 Day Moving Average 40.59
20 Day Moving Average 40.27
Price 40.27
Yearly Trendline Support 40.23
Weekly Stochastic Crossing 40.01
Lower Bollinger Band 39.60
Parabolic System 39.57
Quarterly Trendline Support 37.79
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 41.12
High Date 08/08/2018
Low 39.80
Low Date 08/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 39.41
Low Date 07/31/2018
High 41.12
High Date 08/08/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 38.65
Low Date 07/02/2018
High 41.22
High Date 07/20/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 40.66
Support 37.79
High 48.23
High Date 01/24/2018
Low 38.65
Low Date 07/02/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 52.21
Support 40.23
Low 23.81
Low Date 09/27/2016
High 48.23
High Date 01/24/2018
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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