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Archive
- 5/8/2026 -
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Citizens Financial Group (CFG) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Citizens Financial Group (CFG). During the week, the CFG dropped -0.69 points, or -1.07%, and closed at 63.73 on Friday, May 8, 2026. It was the worst weekly loss since March 13, 2026. Weekly volume was -15% below average.
CFG is a member of Financials Sector. Financials is the second 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 CFG long-term trend chart]
A long-term uptrend had started on October 27, 2023 at 22.77 and reached 68.79 on February 11, 2026. CFG gained -46.02 points, or -202.11%, in 119 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 40.10 and resistance is at 72.67. 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 long-term trend.
Medium-term trend: [See CFG medium-term trend chart]
A medium-term uptrend had started on April 4, 2025 at 32.60 and reached 68.79 on February 11, 2026. CFG gained -36.19 points, or -111.01%, in 44 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 60.19 and resistance is at 78.03. 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 CFG weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since February 27, 2026. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.
 Short-term trend: [See CFG short-term trend chart]
A short-term downtrend had started on April 21, 2026 at 66.85 and reached 63.34 on May 4, 2026. CFG lost 3.51 points, or 5.25%, in 13 days. The chart has formed a Falling Wedge chart pattern.
Daily Technical Indicators: [See CFG daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since April 24, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (3.7%) is close to one year low (5.26%). It is 68.59% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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.
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