The Greedy Trader Weekly Analysis
Sign In May 18, 2018
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Citigroup Inc.
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Summary:
Weekly :Broken trend resistance line
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtBearish Advance Block CandlestickDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving AverageThe price touches the upper Bollinger Band
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It was a first positive week after 3 consecutive negative weeks for the Citigroup Inc. (C). During the week, the C gained 4.92 points, or 7.24%, and closed at 72.86 on Friday, May 11, 2018. Weekly volume was -8% below average.

Long-term trend: [See C long-term trend chart]
A long-term uptrend had started on March 5, 2009 at 9.70 and reached 80.70 on January 29, 2018. C gained -71.00 points, or -731.96%, in 464 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (43.02) 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 long-term trend.

Medium-term trend: [See C medium-term trend chart]
A medium-term uptrend had started on February 11, 2016 at 34.52 and reached 80.70 on January 29, 2018. C gained -46.18 points, or -133.78%, in 102 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 57.34 and resistance is at 86.05. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See C weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since February 2, 2018. Use the following link to access a MACD help.

Short-term trend: [See C short-term trend chart]
A short-term uptrend had started on May 3, 2018 at 66.55 and reached 73.24 on May 11, 2018. C gained -6.69 points, or -10.05%, in 8 days. The price is now at the 5.68% retracement level.

Daily Technical Indicators: [See C 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.

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 risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The price touches the upper Bollinger Band. 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.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Candlestick pattern: [See C candlestick chart pattern]
On Friday the chart has formed a Bearish Advance Block Candlestick pattern. This pattern occurs in an uptrend; it is not a top reversal pattern, but it might precede a meaningful price decline. The reliability of the Bearish Advance Block pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Advance Block Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.35
Williams' Percentage Range (W%R) 10.60
Overbought
Lane's Stochastic (%D-Slow) 87.83
Overbought
Greed/Fear Indicator (GFI) 83.86
Overbought
Moving Average Converg./Diverg. (MACD) -0.37
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.65
Williams' Percentage Range (W%R) 57.70
Lane's Stochastic (%D-Slow) 29.39
Greed/Fear Indicator (GFI) 39.20
Moving Average Converg./Diverg. (MACD) 0.33
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 86.05
Upper Bollinger Band 73.02
Daily Stochastic Crossing 72.88
Price 72.86
50 Day Moving Average 70.80
20 Day Moving Average 69.62
Weekly Stochastic Crossing 68.73
Parabolic System 67.57
Lower Bollinger Band 67.23
Yearly Trendline Resistance 64.11
Sector and Industry
Description Name Rank
Sector Financial 7
Industry Money Center Banks 67
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 66.55
Low Date 05/03/2018
High 73.24
High Date 05/11/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 66.55
Low Date 05/03/2018
High 73.24
High Date 05/11/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 80.70
High Date 01/29/2018
Low 66.55
Low Date 04/02/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 86.05
Support 57.34
Low 34.52
Low Date 02/11/2016
High 80.70
High Date 01/29/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 64.11
Support 43.02
Low 9.70
Low Date 03/05/2009
High 80.70
High Date 01/29/2018
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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