CITIGROUP INC.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	C
ISIN:

CITIGROUP INC. - 1H - Technical analysis published on 01/22/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

89%

11%

My opinion

Bullish above 51.10 USD

My targets

53.02 USD (+0.76%)

54.06 USD (+2.74%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CITIGROUP INC. as long as the price remains well above 51.10 USD. The buyers' bullish objective is set at 53.02 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 54.06 USD. If there is any crossing, the next objective would be the resistance located at 54.74 USD.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

6.1

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CITIGROUP INC. price is 52.62 USD. The price has increased by +2.14% since the last closing and was between 51.95 USD and 52.95 USD. This implies that the price is at +1.29% from its lowest and at -0.62% from its highest.

51.95

52.95

52.62

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by CITIGROUP INC.:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of CITIGROUP INC. indicates that the overall trend is bullish. 64.29% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	49.18	50.52	51.10	52.62	53.02	54.06	54.74
Change (%)	-6.54%	-3.99%	-2.89%	-	+0.76%	+2.74%	+4.03%
Change	-3.44	-2.10	-1.52	-	+0.40	+1.44	+2.12
Level	Intermediate	Intermediate	Major	-	Minor	Major	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	49.81	50.21	50.87	51.27	51.93	52.33	52.99
Camarilla	51.23	51.33	51.42	51.52	51.62	51.71	51.81
Woodie	49.93	50.28	50.99	51.34	52.05	52.40	53.11
Fibonacci	50.21	50.62	50.87	51.27	51.68	51.93	52.33

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	48.90	49.71	50.61	51.42	52.32	53.13	54.03
Camarilla	51.05	51.21	51.36	51.52	51.68	51.83	51.99
Woodie	48.96	49.73	50.67	51.44	52.38	53.15	54.09
Fibonacci	49.71	50.36	50.76	51.42	52.07	52.47	53.13

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	41.72	43.81	47.62	49.71	53.52	55.61	59.42
Camarilla	49.82	50.36	50.90	51.44	51.98	52.52	53.06
Woodie	42.59	44.24	48.49	50.14	54.39	56.04	60.29
Fibonacci	43.81	46.06	47.45	49.71	51.96	53.35	55.61

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	66.70
MACD (12,26,9):	0.1000
Directional Movement:	17.33
AROON (14):	92.86
DEMA (21):	51.57
Parabolic SAR (0,02-0,02-0,2):	51.12
Elder Ray (13):	1.10
Super Trend (3,10):	51.41
Zig ZAG (10):	52.66
VORTEX (21):	1.0900
Stochastique (14,3,5):	89.84
TEMA (21):	51.93
Williams %R (14):	-11.07
Chande Momentum Oscillator (20):	1.95
Repulse (5,40,3):	1.0700
ROCnROLL:	1
TRIX (15,9):	-0.0400
Courbe Coppock:	3.23

MA7:	51.88
MA20:	52.29
MA50:	48.77
MA100:	44.58
MAexp7:	51.92
MAexp20:	51.57
MAexp50:	51.82
MAexp100:	51.86
Price / MA7:	+1.43%
Price / MA20:	+0.63%
Price / MA50:	+7.89%
Price / MA100:	+18.03%
Price / MAexp7:	+1.35%
Price / MAexp20:	+2.04%
Price / MAexp50:	+1.54%
Price / MAexp100:	+1.47%

Quotes : - 15 min delayed data - NYSE Stocks

News

The last news published on CITIGROUP INC. at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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