The Greedy Trader Weekly Analysis
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Citigroup Inc.
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Summary:
Weekly :Williams' Percentage Range is strongly overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergence
Daily :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overboughtLane's Stochastic bearish divergence
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It was a third consecutive positive week for the Citigroup Inc. (C). During the week, the C gained 1.87 points, or 2.85%, and closed at 67.42 on Friday, April 12, 2019. Weekly volume was -27% below average.

Long-term trend: [See C long-term trend chart]
A long-term downtrend had started on January 29, 2018 at 80.70 and reached 48.42 on December 26, 2018. C lost 32.28 points, or 40%, in 47 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 39.05 and resistance is at 70.61. 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.

Medium-term trend: [See C medium-term trend chart]
A medium-term uptrend had started on December 26, 2018 at 48.42 and reached 68.31 on April 12, 2019. C gained -19.89 points, or -41.08%, in 15 weeks. Price is near the trend high.

Weekly Technical Indicators: [See C weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since January 25, 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 uptrend had started on March 25, 2019 at 60.05 and reached 68.31 on April 12, 2019. C gained -8.26 points, or -13.76%, in 18 days. The price is now at the 10.77% retracement level.

Daily Technical Indicators: [See C daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Daily Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bearish divergence.

The daily MACD line is above its signal line since April 1, 2019. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 84.25
Overbought
Williams' Percentage Range (W%R) 14.90
Overbought
Lane's Stochastic (%D-Slow) 83.49
Overbought Bearish
Greed/Fear Indicator (GFI) 84.28
Overbought
Moving Average Converg./Diverg. (MACD) 0.52
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.61
Bearish
Williams' Percentage Range (W%R) 6.20
Strong Overbought
Lane's Stochastic (%D-Slow) 63.98
Bearish
Greed/Fear Indicator (GFI) 71.47
Moving Average Converg./Diverg. (MACD) -1.28 Bearish
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 70.61
Upper Bollinger Band 68.69
Daily Stochastic Crossing 67.59
Price 67.42
Weekly Stochastic Crossing 64.98
Parabolic System 64.30
20 Day Moving Average 64.13
50 Day Moving Average 63.74
Lower Bollinger Band 60.45
Sector and Industry
Description Name Rank
Sector Financial 6
Industry Money Center Banks 54
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 64.68
Low Date 04/09/2019
High 68.31
High Date 04/12/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 60.05
Low Date 03/25/2019
High 68.31
High Date 04/12/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 48.42
Low Date 12/26/2018
High 68.31
High Date 04/12/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 70.61
Support 39.05
High 80.70
High Date 01/29/2018
Low 48.42
Low Date 12/26/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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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