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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

Archive
- 4/25/2025 -
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Citigroup Inc. (C) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineTrend support at 67.97
Daily :Lane's Stochastic is overboughtThe price moved above the moving average in the center of the Bollinger Bands
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It was a third consecutive positive week for the Citigroup Inc. (C). During the week, the C gained 5.18 points, or 8.19%, and closed at 68.43 on Friday, April 25, 2025. It was the best weekly gain since January 17, 2025. C was trading at average weekly trading volume.

Long-term trend: [See C long-term trend chart]
A long-term uptrend had started on March 18, 2020 at 32.00 and reached 84.74 on February 18, 2025. C gained -52.74 points, or -164.81%, in 256 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (42.71) 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 October 27, 2023 at 38.17 and reached 84.74 on February 18, 2025. C gained -46.57 points, or -122.01%, in 68 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (67.97) 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 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 March 7, 2025. The distance between MACD and the signal line is near its high, but getting smaller. 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 April 7, 2025 at 55.51 and reached 68.82 on April 23, 2025. C gained -13.31 points, or -23.98%, in 16 days. Price is near the trend high.

Daily Technical Indicators: [See C daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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 link to access Lane's Stochastic help.

The daily MACD line is above its signal line since April 16, 2025. This is an indication that the short-term trend is up.

During the last week, the price has moved above 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) 74.34
Williams' Percentage Range (W%R) 26.00
Lane's Stochastic (%D-Slow) 81.85
Overbought
Greed/Fear Indicator (GFI) 76.73
Moving Average Converg./Diverg. (MACD) -2.16
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.93
Williams' Percentage Range (W%R) 57.70
Lane's Stochastic (%D-Slow) 27.43
Greed/Fear Indicator (GFI) 37.50
Moving Average Converg./Diverg. (MACD) 1.93
Trading Signals
Description Value Chart
Upper Bollinger Band 74.07
50 Day Moving Average 70.69
Price 68.43
Quarterly Trendline Support 67.97
Daily Stochastic Crossing 67.78
Monthly Trendline Resistance 67.24
20 Day Moving Average 64.64
Weekly Stochastic Crossing 61.70
Parabolic System 60.25
Lower Bollinger Band 57.73
Sector and Industry
Description Name Rank
Sector Financials 7
Industry Diversified Banks 49
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 61.30
Low Date 04/16/2025
High 68.82
High Date 04/23/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 55.51
Low Date 04/07/2025
High 68.82
High Date 04/23/2025
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 67.24
Support 48.66
High 84.74
High Date 02/18/2025
Low 55.51
Low Date 04/07/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Support
Resistance 90.15
Support 67.97
Low 38.17
Low Date 10/27/2023
High 84.74
High Date 02/18/2025
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 17.36
Support 42.71
Low 32.00
Low Date 03/18/2020
High 84.74
High Date 02/18/2025
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.