The Greedy Trader Weekly Analysis
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Citigroup Inc.
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Summary:
Weekly :Broken trend resistance line
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARPrice has crossed below the 50 Day Moving AverageTrend support at 69.77The price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Citigroup Inc. (C). During the week, the C dropped -1.60 points, or -2.25%, and closed at 69.64 on Friday, September 07, 2018. Weekly volume was -17% 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 (44.17) 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 66.88 and resistance is at 92.15. 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 above its signal line since July 20, 2018. 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 June 26, 2018 at 64.38 and reached 73.21 on August 8, 2018. C gained -8.83 points, or -13.72%, in 43 days. The chart has formed a Rising Pennant chart pattern. The price is near the trend support (69.77) line. The support is usually stronger when technical indicators are oversold. 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 support line in a short-term trend.

Daily Technical Indicators: [See C daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

During the last week, the price has declined below 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.

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.79
Williams' Percentage Range (W%R) 52.50
Lane's Stochastic (%D-Slow) 23.45
Greed/Fear Indicator (GFI) 40.24
Moving Average Converg./Diverg. (MACD) 0.30
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.33
Williams' Percentage Range (W%R) 33.20
Lane's Stochastic (%D-Slow) 74.28
Greed/Fear Indicator (GFI) 64.72
Moving Average Converg./Diverg. (MACD) -0.49
Trading Signals
Description Value Chart
Upper Bollinger Band 73.01
Weekly Trendline Resistance 72.69
Parabolic System 72.55
Weekly Stochastic Crossing 71.11
20 Day Moving Average 70.70
Daily Stochastic Crossing 70.19
50 Day Moving Average 70.16
Weekly Trendline Support 69.77
Price 69.64
Lower Bollinger Band 68.79
Quarterly Trendline Support 66.88
Yearly Trendline Resistance 64.48
Monthly Trendline Support 62.54
Monthly Trendline Resistance 59.02
Sector and Industry
Description Name Rank
Sector Financial 6
Industry Money Center Banks 106
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Low 68.08
Low Date 08/15/2018
High 72.84
High Date 08/29/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Pennant
Status Test Support
Resistance 72.69
Support 69.77
Low 64.38
Low Date 06/26/2018
High 73.21
High Date 08/08/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 59.02
Support 62.54
High 80.70
High Date 01/29/2018
Low 64.38
Low Date 06/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 92.15
Support 66.88
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 64.48
Support 44.17
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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