CITIGROUP INC. - 1H - Technical analysis published on 10/24/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
33%
28%
39%
My opinion
Bearish under 65.17 USD
My targets
61.76 USD (-2.06%)
60.96 USD (-3.33%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 65.17 USD remains possible. It is advisable to trade CITIGROUP INC. with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 65.17 USD. The next bearish objective for sellers is set at 61.76 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 60.96 USD. In case of crossing, the next objective would be the support located at 60.11 USD. PS: if there is a bullish break in the resistance located at 65.17 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
2.7
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. rating is 63.06 USD. The price is lower by -0.06% since the last closing with the lowest point at 62.39 USD and the highest point at 63.30 USD. The deviation from the price is +1.07% for the low point and -0.38% for the high point.62.39
63.30
63.06
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CITIGROUP INC. chart shows a bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 7 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 60.11 | 60.96 | 61.76 | 63.06 | 63.15 | 65.17 | 66.90 |
| Change (%) | -4.68% | -3.33% | -2.06% | - | +0.14% | +3.35% | +6.09% |
| Change | -2.95 | -2.10 | -1.30 | - | +0.09 | +2.11 | +3.84 |
| Level | Intermediate | Major | Intermediate | - | Major | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 61.59 | 62.11 | 62.60 | 63.12 | 63.61 | 64.13 | 64.62 |
| Camarilla | 62.82 | 62.92 | 63.01 | 63.10 | 63.19 | 63.29 | 63.38 |
| Woodie | 61.59 | 62.10 | 62.60 | 63.11 | 63.61 | 64.12 | 64.62 |
| Fibonacci | 62.11 | 62.49 | 62.73 | 63.12 | 63.50 | 63.74 | 64.13 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 56.57 | 59.55 | 61.20 | 64.18 | 65.83 | 68.81 | 70.46 |
| Camarilla | 61.58 | 62.00 | 62.43 | 62.85 | 63.27 | 63.70 | 64.12 |
| Woodie | 55.91 | 59.22 | 60.54 | 63.85 | 65.17 | 68.48 | 69.80 |
| Fibonacci | 59.55 | 61.32 | 62.41 | 64.18 | 65.95 | 67.04 | 68.81 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 51.14 | 53.66 | 58.13 | 60.65 | 65.12 | 67.64 | 72.11 |
| Camarilla | 60.68 | 61.32 | 61.96 | 62.60 | 63.24 | 63.88 | 64.52 |
| Woodie | 52.12 | 54.15 | 59.11 | 61.14 | 66.10 | 68.13 | 73.09 |
| Fibonacci | 53.66 | 56.33 | 57.98 | 60.65 | 63.32 | 64.97 | 67.64 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 48.78 | |
| MACD (12,26,9): | -0.0900 | |
| Directional Movement: | -7.53 | |
| AROON (14): | -64.28 | |
| DEMA (21): | 62.82 | |
| Parabolic SAR (0,02-0,02-0,2): | 63.61 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 62.04 | |
| Zig ZAG (10): | 62.97 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 40.05 | |
| TEMA (21): | 62.92 | |
| Williams %R (14): | -52.02 | |
| Chande Momentum Oscillator (20): | -0.41 | |
| Repulse (5,40,3): | 0.3600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.91 |
| MA7: | 63.23 | |
| MA20: | 63.13 | |
| MA50: | 61.62 | |
| MA100: | 61.68 | |
| MAexp7: | 62.91 | |
| MAexp20: | 62.96 | |
| MAexp50: | 63.20 | |
| MAexp100: | 63.13 | |
| Price / MA7: | -0.27% | |
| Price / MA20: | -0.11% | |
| Price / MA50: | +2.34% | |
| Price / MA100: | +2.24% | |
| Price / MAexp7: | +0.24% | |
| Price / MAexp20: | +0.16% | |
| Price / MAexp50: | -0.22% | |
| Price / MAexp100: | -0.11% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The last news published on CITIGROUP INC. at the time of the generation of this analysis was as follows:
- Investor Network: Citigroup Inc to Host Earnings Call
- Communications Sales & Leasing to Present at the Citi 2017 Internet, Media & Telecommunications Conference
- Amgen To Present At The Citi 2016 Global Healthcare Conference
- VolitionRx Limited to Attend Citi 2016 Global Healthcare Conference
- Allergan to Present at 2016 Citi Global Healthcare Conference
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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