Citigroup Inc. (C)
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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.