The Greedy Trader Weekly Analysis
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Citizens Financial Group
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Summary:
Weekly :Lane's Stochastic is overboughtBroken trend resistance line
Daily :Price has crossed below the 50 Day Moving AverageBullish Harami CandlestickThe price has declined below the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was the negative week for the Citizens Financial Group (CFG). During the week, the CFG dropped -2.97 points, or -6.45%, and closed at 43.05 on Friday, February 09, 2018. Weekly volume was 41% above 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 Falling Wedge chart pattern. The uptrend resistance line (30.33) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 resistance line in a long-term trend.

Medium-term trend: [See CFG medium-term trend chart]
A medium-term uptrend had started on September 7, 2017 at 31.51 and reached 48.23 on January 24, 2018. CFG gained -16.72 points, or -53.06%, in 19 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 42.30 and resistance is at 50.26. 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 CFG weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 weekly MACD line is above its signal line since September 29, 2017. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See CFG short-term trend chart]
A short-term downtrend had started on February 2, 2018 at 47.06 and reached 41.48 on February 6, 2018. CFG lost 5.58 points, or 11.86%, in 4 days. The price is now at the 28.14% retracement level.

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

The daily MACD line is below its signal line since January 26, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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.

Candlestick pattern: [See CFG candlestick chart pattern]
On Friday the chart has formed a Bullish Harami Candlestick pattern. A Bullish Harami indicates that the bearish trend may be reversing, it signals that it's a good time to enter into a long position. Use the Technical Stock Screener to see the list of stocks that had a Bullish Harami Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 28.94
Williams' Percentage Range (W%R) 78.40
Lane's Stochastic (%D-Slow) 30.54
Greed/Fear Indicator (GFI) 27.03
Moving Average Converg./Diverg. (MACD) 0.61
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.41
Williams' Percentage Range (W%R) 40.10
Lane's Stochastic (%D-Slow) 82.00
Overbought
Greed/Fear Indicator (GFI) 67.10
Moving Average Converg./Diverg. (MACD) 2.10
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 50.26
Upper Bollinger Band 47.84
Weekly Stochastic Crossing 46.63
20 Day Moving Average 45.79
Parabolic System 44.50
50 Day Moving Average 43.68
Daily Stochastic Crossing 43.58
Price 43.05
Quarterly Trendline Support 42.30
Lower Bollinger Band 41.92
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 47.06
High Date 02/02/2018
Low 41.48
Low Date 02/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 47.06
High Date 02/02/2018
Low 41.48
Low Date 02/06/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 48.23
High Date 01/24/2018
Low 41.48
Low Date 02/06/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 50.26
Support 42.30
Low 31.51
Low Date 09/07/2017
High 48.23
High Date 01/24/2018
Description Value
Direction Up
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 32.79
Support 30.33
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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