The Greedy Trader Weekly Analysis
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Downtrend Resistance
Downtrend Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.

Downtrend Resistance

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- 7/3/2025 -
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Citizens Financial Group (CFG) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionLane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtTrend resistance at 47.97
Daily :Broken uptrend resistance line - uptrend exhaustionRelative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overboughtBearish Deliberation CandlestickThe price is above the upper Bollinger Band
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It was a third consecutive positive week for the Citizens Financial Group (CFG). During the week, the CFG gained 3.29 points, or 7.40%, and closed at 47.72 on Thursday, July 3, 2025. Weekly volume was 20% above 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 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 price is near the trend resistance line (47.97). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See CFG medium-term trend chart]
A medium-term uptrend had started on April 4, 2025 at 32.60 and reached 47.93 on July 3, 2025. CFG gained -15.33 points, or -47.02%, in 12 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend resistance line (42.65) 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 medium-term trend.

Weekly Technical Indicators: [See CFG 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 June 6, 2025. 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 uptrend had started on May 23, 2025 at 38.80 and reached 47.93 on July 3, 2025. CFG gained -9.13 points, or -23.53%, in 41 days. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (41.27) 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 short-term trend.

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

The daily MACD line is above its signal line since June 20, 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.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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.

Candlestick pattern: [See CFG candlestick chart pattern]
On Friday the chart has formed a Bearish Deliberation Candlestick pattern. This pattern occurs in an uptrend;it appears after a sustained upward move and suggests that the rally is losing strength and a reversal is possible. The reliability of the Bearish Deliberation pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Deliberation Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 85.03
Overbought
Williams' Percentage Range (W%R) 5.20
Strong Overbought
Lane's Stochastic (%D-Slow) 96.59
Strong Overbought
Greed/Fear Indicator (GFI) 92.15
Strong Overbought
Moving Average Converg./Diverg. (MACD) 1.11
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.36
Williams' Percentage Range (W%R) 3.90
Strong Overbought
Lane's Stochastic (%D-Slow) 88.89
Overbought
Greed/Fear Indicator (GFI) 83.88
Overbought
Moving Average Converg./Diverg. (MACD) -0.60
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 47.97
Daily Stochastic Crossing 47.75
Price 47.72
Upper Bollinger Band 47.65
Weekly Stochastic Crossing 47.05
Weekly Trendline Resistance 46.52
Parabolic System 44.78
20 Day Moving Average 42.75
Monthly Trendline Resistance 42.74
Monthly Trendline Support 42.65
Weekly Trendline Support 41.27
50 Day Moving Average 40.78
Lower Bollinger Band 38.91
Sector and Industry
Description Name Rank
Sector Financials 11
Industry Regional Banks 110
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 40.17
Low Date 06/13/2025
High 47.93
High Date 07/03/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 46.52
Support 41.27
Low 38.80
Low Date 05/23/2025
High 47.93
High Date 07/03/2025
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 42.74
Support 42.65
Low 32.60
Low Date 04/04/2025
High 47.93
High Date 07/03/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Descending Wedge
Status Test Resistance
Resistance 47.97
Support 24.41
High 49.25
High Date 11/25/2024
Low 32.60
Low Date 04/04/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 22.77
Low Date 10/27/2023
High 49.25
High Date 11/25/2024
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.