The Greedy Trader Weekly Analysis
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Citizens Financial Group
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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtStochastic signal line moved below overbought areaLane's Stochastic and MACD bearish divergence
Daily :Relative Strength Index and Williams' Percentage Range are overboughtDaily  MACD line has moved above its signal linePrice is near the Fibonacci 23.6% retracement levelThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Citizens Financial Group (CFG). During the week, the CFG gained 2.94 points, or 7.79%, and closed at 40.69 on Friday, December 01, 2017. Weekly volume was 57% 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 41.77 on November 30, 2017. CFG gained -17.96 points, or -75.43%, in 61 weeks. The chart has formed a Falling Wedge chart pattern. The uptrend resistance line (30.98) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 41.77 on November 30, 2017. CFG gained -10.26 points, or -32.56%, in 12 weeks. The price is now at the 10.53% retracement level.

Weekly Technical Indicators: [See CFG weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 September 29, 2017. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 November 27, 2017 at 37.47 and reached 41.77 on November 30, 2017. CFG gained -4.30 points, or -11.48%, in 3 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See CFG daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Williams' Percentage Range. Use the following link to access Relative Strength Index help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has moved above 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 85.11
Overbought
Williams' Percentage Range (W%R) 15.80
Overbought
Lane's Stochastic (%D-Slow) 74.70
Greed/Fear Indicator (GFI) 81.35
Overbought
Moving Average Converg./Diverg. (MACD) 0.36
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.62
Williams' Percentage Range (W%R) 8.50
Strong Overbought
Lane's Stochastic (%D-Slow) 78.77
Bearish
Greed/Fear Indicator (GFI) 79.88
Moving Average Converg./Diverg. (MACD) 0.73 Bearish
Trading Signals
Description Value Chart
Daily Stochastic Crossing 41.07
Upper Bollinger Band 40.88
Price 40.69
Weekly Stochastic Crossing 40.43
Parabolic System 38.84
20 Day Moving Average 38.29
50 Day Moving Average 37.82
Lower Bollinger Band 36.27
Yearly Trendline Resistance 34.13
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 37.47
Low Date 11/27/2017
High 41.77
High Date 11/30/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 37.47
Low Date 11/27/2017
High 41.77
High Date 11/30/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 36.25
Low Date 11/13/2017
High 41.77
High Date 11/30/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 31.51
Low Date 09/07/2017
High 41.77
High Date 11/30/2017
Description Value
Direction Up
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 34.13
Support 30.98
Low 23.81
Low Date 09/27/2016
High 41.77
High Date 11/30/2017
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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