The Greedy Trader Weekly Analysis
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Citigroup Inc.
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Summary:
Weekly :Trend resistance at 64.66Price is near the Fibonacci 23.6% retracement level
Daily :Stochastic has raised above the signal lineThe price has risen above the Parabolic SAR
Move cursor over the icon to see details.

It was a first positive week after 3 consecutive negative weeks for the Citigroup Inc. (C). During the week, the C gained 1.71 points, or 2.66%, and closed at 65.92 on Friday, November 02, 2018. It was the best weekly gain since September 21, 2018. Weekly volume was 23% above 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 price is near the trend resistance line (64.66). 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 C medium-term trend chart]
A medium-term downtrend had started on September 21, 2018 at 75.24 and reached 63.18 on October 23, 2018. C lost 12.06 points, or 16.03%, in 4 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

The weekly MACD line is below its signal line since October 19, 2018. This is an indication that the medium-term trend is down. 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 October 23, 2018 at 63.18 and reached 66.92 on November 2, 2018. C gained -3.74 points, or -5.92%, in 10 days. The price is now at the 26.74% retracement 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 rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 link to access Lane's Stochastic help.

The daily MACD line is below its signal line since September 28, 2018. The distance between MACD and the signal line is low and getting smaller.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.75
Williams' Percentage Range (W%R) 70.50
Lane's Stochastic (%D-Slow) 37.36
Greed/Fear Indicator (GFI) 33.87
Moving Average Converg./Diverg. (MACD) -1.56
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.03
Williams' Percentage Range (W%R) 76.00
Lane's Stochastic (%D-Slow) 26.87
Greed/Fear Indicator (GFI) 31.22
Moving Average Converg./Diverg. (MACD) -0.12 Bullish
Trading Signals
Description Value Chart
Upper Bollinger Band 72.50
50 Day Moving Average 70.08
20 Day Moving Average 67.51
Price 65.92
Weekly Stochastic Crossing 65.49
Daily Stochastic Crossing 64.86
Yearly Trendline Resistance 64.66
Parabolic System 63.27
Lower Bollinger Band 62.03
Sector and Industry
Description Name Rank
Sector Financial 3
Industry Money Center Banks 39
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 63.18
Low Date 10/23/2018
High 66.92
High Date 11/02/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 75.24
High Date 09/21/2018
Low 63.18
Low Date 10/23/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 80.70
High Date 01/29/2018
Low 63.18
Low Date 10/23/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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 Test Resistance
Resistance 64.66
Support 44.73
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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