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| Candlesticks Name: | Bearish Advance Block |
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- 5/3/2024 -
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Citigroup Inc. (C) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Citigroup Inc. (C). During the week, the C dropped -1.14 points, or -1.82%, and closed at 61.52 on Friday, May 3, 2024. Weekly volume was -30% below average.
C is a member of Financials Sector. Financials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See C long-term trend chart]
A long-term downtrend had started on January 14, 2020 at 83.11 and reached 32.00 on March 18, 2020. C lost 51.11 points, or 61.50%, in 9 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 39.04 and resistance is at 74.33. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a long-term trend.
 Medium-term trend: [See C medium-term trend chart]
A medium-term uptrend had started on April 16, 2024 at 56.74 and reached 63.36 on April 29, 2024. C gained -6.62 points, or -11.67%, in 1 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (64.13) 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 Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with 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 link to access Williams' Percentage Range help.
The weekly MACD line is above its signal line since November 10, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 April 29, 2024 at 63.36 and reached 60.88 on May 1, 2024. C lost 2.48 points, or 3.91%, in 2 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See C daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since April 23, 2024. The distance between MACD and the signal line is low and getting smaller.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Financials |
9 |
| Industry |
Diversified Banks |
104 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
63.36 |
| High Date |
04/29/2024 |
| Low |
60.88 |
| Low Date |
05/01/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
63.36 |
| High Date |
04/29/2024 |
| Low |
60.88 |
| Low Date |
05/01/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Broken Support |
| Resistance |
65.65 |
| Support |
64.13 |
| Low |
56.74 |
| Low Date |
04/16/2024 |
| High |
63.36 |
| High Date |
04/29/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
38.17 |
| Low Date |
10/27/2023 |
| High |
63.90 |
| High Date |
04/01/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Symmetric Triangle |
| Status |
Valid |
| Resistance |
74.33 |
| Support |
39.04 |
| High |
83.11 |
| High Date |
01/14/2020 |
| Low |
32.00 |
| Low Date |
03/18/2020 |
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