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Downtrend Broken Resist.Archive
- 5/2/2025 -
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Citizens Financial Group (CFG) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a fourth consecutive positive week for the Citizens Financial Group (CFG). During the week, the CFG gained 1.59 points, or 4.29%, and closed at 38.65 on Friday, May 2, 2025. Weekly volume was -8% below average.
CFG 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 CFG long-term trend chart]
A long-term uptrend had started on October 27, 2023 at 22.77 and reached 49.25 on November 25, 2024. CFG gained -26.48 points, or -116.29%, in 56 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (47.48) 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 long-term trend.
 Medium-term trend: [See CFG medium-term trend chart]
A medium-term downtrend had started on November 25, 2024 at 49.25 and reached 32.60 on April 4, 2025. CFG lost 16.65 points, or 33.81%, in 18 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 30.05 and resistance is at 48.33. A Broadening Descending 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 Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See CFG weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since December 13, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 April 4, 2025 at 32.60 and reached 38.76 on May 2, 2025. CFG gained -6.16 points, or -18.90%, in 28 days. The chart has formed a Ascending Triangle chart pattern. The uptrend resistance line (36.32) 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 short-term trend.
 Daily Technical Indicators: [See CFG daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is above its signal line since April 21, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
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.
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