The Greedy Trader Weekly Analysis
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Number of records: 2
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Citigroup Inc.
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Summary:
Weekly :Broken trend resistance line
Daily :The price has fallen below the Parabolic SARThe 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 gave back -0.14 points, or -0.21%, and closed at 67.00 on Friday, July 13, 2018. Weekly volume was 13% 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 uptrend resistance line (43.63) 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 59.07 and resistance is at 89.25. 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 downtrend had started on April 13, 2018 at 73.38 and reached 64.38 on June 26, 2018. C lost 9.00 points, or 12.26%, in 74 days. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 63.68 and resistance is at 73.14. Use the following link to access a Broadening Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a short-term trend.

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

The daily MACD line is above its signal line since June 27, 2018. The distance between MACD and the signal line is low, but getting bigger.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.14
Williams' Percentage Range (W%R) 27.40
Lane's Stochastic (%D-Slow) 67.71
Greed/Fear Indicator (GFI) 63.16
Moving Average Converg./Diverg. (MACD) -0.26
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.15
Williams' Percentage Range (W%R) 74.30
Lane's Stochastic (%D-Slow) 27.54
Greed/Fear Indicator (GFI) 33.56
Moving Average Converg./Diverg. (MACD) -0.98
Trading Signals
Description Value Chart
Weekly Trendline Resistance 73.14
Parabolic System 69.42
Upper Bollinger Band 69.16
50 Day Moving Average 68.33
Daily Stochastic Crossing 67.98
20 Day Moving Average 67.05
Price 67.00
Weekly Stochastic Crossing 66.47
Lower Bollinger Band 65.69
Monthly Trendline Resistance 64.51
Yearly Trendline Resistance 64.31
Monthly Trendline Support 64.13
Weekly Trendline Support 63.68
Quarterly Trendline Support 59.07
Sector and Industry
Description Name Rank
Sector Financial 3
Industry Money Center Banks 43
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Low 64.38
Low Date 06/26/2018
High 69.35
High Date 07/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Descending Wedge
Status Valid
Resistance 73.14
Support 63.68
High 73.38
High Date 04/13/2018
Low 64.38
Low Date 06/26/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 64.51
Support 64.13
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 89.25
Support 59.07
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 64.31
Support 43.63
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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