The Greedy Trader Weekly Analysis
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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.

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- 4/2/2026 -
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Citizens Financial Group (CFG) Technical Analysis

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Summary:
Weekly :Oversold sectorBroken trend resistance lineLane's Stochastic is oversoldTrend support at 61.13
Daily :The price moved above the moving average in the center of the Bollinger Bands
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It was a third positive week after 3 consecutive negative weeks for the Citizens Financial Group (CFG). During the week, the CFG gained 3.21 points, or 5.56%, and closed at 60.99 on Thursday, April 2, 2026. It was the best weekly gain since February 6, 2026. Weekly volume was -6% below average.

CFG is a member of Financials Sector. Financials is the second most oversold 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 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 price is near the trend support (61.13) 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 long-term trend.

Medium-term trend: [See CFG medium-term trend chart]
A medium-term downtrend had started on February 11, 2026 at 68.79 and reached 55.49 on March 13, 2026. CFG lost 13.30 points, or 19.33%, in 4 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (49.54) 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. 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 February 27, 2026. This is an indication that the medium-term trend is down. 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 March 13, 2026 at 55.49 and reached 61.48 on April 1, 2026. CFG gained -5.99 points, or -10.79%, in 19 days. The price is now at the 8.18% retracement level.

Daily Technical Indicators: [See CFG daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since March 23, 2026. 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) 76.05
Williams' Percentage Range (W%R) 33.60
Lane's Stochastic (%D-Slow) 69.99
Greed/Fear Indicator (GFI) 70.83
Moving Average Converg./Diverg. (MACD) -0.87
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.12
Williams' Percentage Range (W%R) 47.10
Lane's Stochastic (%D-Slow) 18.80
Oversold
Greed/Fear Indicator (GFI) 40.21
Moving Average Converg./Diverg. (MACD) 3.22
Trading Signals
Description Value Chart
Upper Bollinger Band 61.93
50 Day Moving Average 61.60
Quarterly Trendline Support 61.13
Price 60.99
Daily Stochastic Crossing 60.43
Monthly Trendline Resistance 58.74
Parabolic System 58.16
20 Day Moving Average 58.11
Weekly Stochastic Crossing 58.02
Lower Bollinger Band 56.42
Monthly Trendline Support 49.54
Sector and Industry
Description Name Rank
Sector Financials 2
Industry Regional Banks 39
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 57.12
Low Date 03/30/2026
High 61.48
High Date 04/01/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 55.49
Low Date 03/13/2026
High 61.48
High Date 04/01/2026
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 58.74
Support 49.54
High 68.79
High Date 02/11/2026
Low 55.49
Low Date 03/13/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Support
Resistance 74.18
Support 61.13
Low 32.60
Low Date 04/04/2025
High 68.79
High Date 02/11/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 22.77
Low Date 10/27/2023
High 68.79
High Date 02/11/2026
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.