CITIGROUP INC.

- USD (-)

- 15 min delayed data - NYSE Stocks

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Type:	Stocks
Ticker:	C
ISIN:

CITIGROUP INC. - 1H - Technical analysis published on 12/09/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

22%

28%

50%

My opinion

Bullish above 70.47 USD

My targets

72.83 USD (+1.04%)

75.52 USD (+4.77%)

My analysis

Has the basic bullish 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 bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 70.47 USD remains possible. It is advisable to trade CITIGROUP INC. with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 70.47 USD. The next bullish objective for buyers is set at 72.83 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 75.52 USD. If there is any crossing, the next objective would be the resistance located at 177.27 USD. PS: if there is a bearish break in the support located at 70.47 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.

Force

2.3

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.

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Additional analysis

Quotes

CITIGROUP INC. rating 72.08 USD. On the day, this instrument lost -0.10% and was between 71.94 USD and 72.80 USD. This implies that the price is at +0.19% from its lowest and at -0.99% from its highest.

71.94

72.80

72.08

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

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

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

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

A technical analysis in 1H of this CITIGROUP INC. chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. 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: 4 are bullish, 9 are neutral and 5 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is back under -50

Type : Bearish

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 support of channel

Type : Bullish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	67.73	69.00	70.47	72.08	72.83	177.27
Change (%)	-6.03%	-4.27%	-2.23%	-	+1.04%	+145.94%
Change	-4.35	-3.08	-1.61	-	+0.75	+105.19
Level	Intermediate	Minor	Major	-	Intermediate	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	70.82	71.26	71.71	72.15	72.60	73.04	73.49
Camarilla	71.91	71.99	72.07	72.15	72.23	72.31	72.40
Woodie	70.82	71.26	71.71	72.15	72.60	73.04	73.49
Fibonacci	71.26	71.60	71.81	72.15	72.49	72.70	73.04

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	68.47	69.48	70.82	71.83	73.17	74.18	75.52
Camarilla	71.50	71.72	71.94	72.15	72.37	72.58	72.80
Woodie	68.63	69.56	70.98	71.91	73.33	74.26	75.68
Fibonacci	69.48	70.38	70.94	71.83	72.73	73.29	74.18

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	56.06	59.15	65.02	68.11	73.98	77.07	82.94
Camarilla	68.44	69.26	70.08	70.90	71.72	72.54	73.36
Woodie	57.46	59.85	66.42	68.81	75.38	77.77	84.34
Fibonacci	59.15	62.57	64.68	68.11	71.53	73.64	77.07

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):	51.41
MACD (12,26,9):	0.1800
Directional Movement:	-0.01
AROON (14):	42.85
DEMA (21):	72.43
Parabolic SAR (0,02-0,02-0,2):	72.78
Elder Ray (13):	-0.10
Super Trend (3,10):	71.49
Zig ZAG (10):	72.09
VORTEX (21):	1.0300
Stochastique (14,3,5):	49.08
TEMA (21):	72.30
Williams %R (14):	-68.81
Chande Momentum Oscillator (20):	0.05
Repulse (5,40,3):	-0.4000
ROCnROLL:	-1
TRIX (15,9):	0.0500
Courbe Coppock:	0.32

MA7:	71.67
MA20:	70.08
MA50:	66.07
MA100:	63.15
MAexp7:	72.24
MAexp20:	72.14
MAexp50:	71.59
MAexp100:	70.62
Price / MA7:	+0.57%
Price / MA20:	+2.85%
Price / MA50:	+9.10%
Price / MA100:	+14.14%
Price / MAexp7:	-0.22%
Price / MAexp20:	-0.08%
Price / MAexp50:	+0.68%
Price / MAexp100:	+2.07%

Quotes : - 15 min delayed data - NYSE Stocks

News

Don't forget to follow the news on CITIGROUP INC.. At the time of publication of this analysis, the latest news was as follows:

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

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