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Archive
- 10/23/2026 -
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Citizens Financial Group (CFG) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week after 6 consecutive negative weeks for the Citizens Financial Group (CFG). During the week, the CFG gained 1.78 points, or 2.81%, and closed at 65.14 on Friday, October 23, 2026. It was the best weekly gain since August 14, 2026. Weekly volume was 44% above average.
 Long-term trend: [See CFG long-term trend chart]
A long-term uptrend had started on October 27, 2023 at 22.77 and reached 75.33 on August 17, 2026. CFG gained -52.56 points, or -230.83%, in 146 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 43.28 and resistance is at 78.24. 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 downtrend had started on August 17, 2026 at 75.33 and reached 61.78 on October 1, 2026. CFG lost 13.55 points, or 17.99%, in 6 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (56.63) is broken. A broken support is considered to be a long-term bullish signal. 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 medium-term trend.
 Weekly Technical Indicators: [See CFG weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. 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 weekly MACD line is below its signal line since August 28, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.
 Short-term trend: [See CFG short-term trend chart]
A short-term uptrend had started on October 1, 2026 at 61.78 and reached 65.91 on October 22, 2026. CFG gained -4.13 points, or -6.69%, in 21 days. The chart has formed a Ascending Triangle chart pattern. The price is near the trend resistance line (65.04). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a short-term trend.
 Daily Technical Indicators: [See CFG daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since October 8, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 4.42% on Friday. It is 59.16% lower than one year average. It indicates the period of low volatility of the stock price. 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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