The Greedy Trader Weekly Analysis
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Weekly Price vs. Fibonacci:Near 38.2% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 4/26/2024 -
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Citigroup Inc. (C) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overbought
Daily :Lane's Stochastic is overboughtDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week after 3 consecutive negative weeks for the Citigroup Inc. (C). During the week, the C gained 3.52 points, or 5.95%, and closed at 62.66 on Friday, April 26, 2024. Weekly volume was -14% below average.

C is a member of Financials Sector. Financials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See C long-term trend chart]
A long-term downtrend had started on January 14, 2020 at 83.11 and reached 32.00 on March 18, 2020. C lost 51.11 points, or 61.50%, in 9 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 39.01 and resistance is at 74.37. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern 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 63.90 on April 1, 2024. C gained -25.73 points, or -67.41%, in 22 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 62.07 and resistance is at 66.66. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See C weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is above its signal line since November 10, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 16, 2024 at 56.74 and reached 63.23 on April 26, 2024. C gained -6.49 points, or -11.44%, in 10 days. The price is now at the 8.78% retracement level.

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. Use the following link to access Lane's Stochastic help.

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

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.

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) 53.53
Williams' Percentage Range (W%R) 33.40
Lane's Stochastic (%D-Slow) 88.03
Overbought
Greed/Fear Indicator (GFI) 69.40
Moving Average Converg./Diverg. (MACD) 0.51
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.11
Williams' Percentage Range (W%R) 13.70
Overbought
Lane's Stochastic (%D-Slow) 76.72
Greed/Fear Indicator (GFI) 73.91
Moving Average Converg./Diverg. (MACD) 3.43
Trading Signals
Description Value Chart
Yearly Trendline Resistance 74.37
Quarterly Trendline Resistance 66.66
Upper Bollinger Band 64.09
Daily Stochastic Crossing 62.77
Price 62.66
Quarterly Trendline Support 62.07
Weekly Stochastic Crossing 61.42
20 Day Moving Average 60.81
Monthly Trendline Support 60.71
50 Day Moving Average 58.93
Parabolic System 57.74
Lower Bollinger Band 57.06
Monthly Trendline Resistance 56.69
Sector and Industry
Description Name Rank
Sector Financials 10
Industry Diversified Banks 99
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 58.23
Low Date 04/19/2024
High 63.23
High Date 04/26/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 56.74
Low Date 04/16/2024
High 63.23
High Date 04/26/2024
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 56.69
Support 60.71
High 63.90
High Date 04/01/2024
Low 56.74
Low Date 04/16/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 66.66
Support 62.07
Low 38.17
Low Date 10/27/2023
High 63.90
High Date 04/01/2024
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Valid
Resistance 74.37
Support 39.01
High 83.11
High Date 01/14/2020
Low 32.00
Low Date 03/18/2020
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.