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Archive
- 12/13/2024 -
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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 -1.33 points, or -2.83%, and closed at 45.70 on Friday, December 13, 2024. It was the worst weekly loss since September 6, 2024. Weekly volume was -6% below average.
CFG 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 CFG long-term trend chart]
A long-term downtrend had started on January 18, 2022 at 57.00 and reached 22.77 on October 27, 2023. CFG lost 34.23 points, or 60.05%, in 92 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (12.49) 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 long-term trend.
 Medium-term trend: [See CFG medium-term trend chart]
A medium-term uptrend had started on August 5, 2024 at 36.85 and reached 49.25 on November 25, 2024. CFG gained -12.40 points, or -33.65%, in 16 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 42.72 and resistance is at 50.44. 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 CFG weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since November 1, 2024. 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 CFG short-term trend chart]
A short-term downtrend had started on November 25, 2024 at 49.25 and reached 45.20 on December 13, 2024. CFG lost 4.05 points, or 8.22%, in 18 days. The price is now at the 12.35% retracement level.
 Daily Technical Indicators: [See CFG daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is below its signal line since November 29, 2024. This is an indication that the short-term trend is down.
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.
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