CITIGROUP INC. - 1H - Technical analysis published on 06/07/2024 (GMT)
- 187
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bearish
Technical indicators
22%
39%
39%
My opinion
Neutral between 61.20 USD and 62.35 USD
My targets
-
My analysis
The basic trend is slightly bearish and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 62.35 USD. The first support is located at 61.20 USD. Without a basic trend, it is be important to monitor the price reaction at the first levels of resistance or support. A bullish break in resistance could quickly reverse the basic trend. A bearish break in the support would be welcome to boost the slightly bearish basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by CITIGROUP INC..
In the very short term, the neutral opinion of this analysis is confirmed by technical indicators which are also neutral.
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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 61.93 USD. The price registered a decrease of -0.02% on the session with the lowest point at 61.58 USD and the highest point at 62.58 USD. The deviation from the price is +0.57% for the low point and -1.04% for the high point.61.58
62.58
61.93
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this overall trend could be reversed. An assessment of moving averages reveals several bearish and bullish signals:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
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 | 60.36 | 60.76 | 61.20 | 61.93 | 61.95 | 62.35 | 63.00 |
| Change (%) | -2.54% | -1.89% | -1.18% | - | +0.03% | +0.68% | +1.73% |
| Change | -1.57 | -1.17 | -0.73 | - | +0.02 | +0.42 | +1.07 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 60.66 | 60.95 | 61.45 | 61.74 | 62.24 | 62.53 | 63.03 |
| Camarilla | 61.72 | 61.80 | 61.87 | 61.94 | 62.01 | 62.09 | 62.16 |
| Woodie | 60.76 | 61.00 | 61.55 | 61.79 | 62.34 | 62.58 | 63.13 |
| Fibonacci | 60.95 | 61.26 | 61.44 | 61.74 | 62.05 | 62.23 | 62.53 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 58.78 | 59.99 | 61.15 | 62.36 | 63.52 | 64.73 | 65.89 |
| Camarilla | 61.66 | 61.88 | 62.09 | 62.31 | 62.53 | 62.75 | 62.96 |
| Woodie | 58.76 | 59.98 | 61.13 | 62.35 | 63.50 | 64.72 | 65.87 |
| Fibonacci | 59.99 | 60.90 | 61.46 | 62.36 | 63.27 | 63.83 | 64.73 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 55.50 | 57.93 | 60.12 | 62.55 | 64.74 | 67.17 | 69.36 |
| Camarilla | 61.04 | 61.46 | 61.89 | 62.31 | 62.73 | 63.16 | 63.58 |
| Woodie | 55.38 | 57.87 | 60.00 | 62.49 | 64.62 | 67.11 | 69.24 |
| Fibonacci | 57.93 | 59.70 | 60.79 | 62.55 | 64.32 | 65.41 | 67.17 |
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): | 51.81 | |
| MACD (12,26,9): | 0.1300 | |
| Directional Movement: | 0.20 | |
| AROON (14): | 28.58 | |
| DEMA (21): | 62.01 | |
| Parabolic SAR (0,02-0,02-0,2): | 62.57 | |
| Elder Ray (13): | 0.05 | |
| Super Trend (3,10): | 62.45 | |
| Zig ZAG (10): | 61.90 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 59.80 | |
| TEMA (21): | 62.21 | |
| Williams %R (14): | -53.18 | |
| Chande Momentum Oscillator (20): | 0.29 | |
| Repulse (5,40,3): | -0.4400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 1.90 |
| MA7: | 61.84 | |
| MA20: | 62.93 | |
| MA50: | 61.68 | |
| MA100: | 58.53 | |
| MAexp7: | 62.06 | |
| MAexp20: | 61.89 | |
| MAexp50: | 61.96 | |
| MAexp100: | 62.24 | |
| Price / MA7: | +0.15% | |
| Price / MA20: | -1.59% | |
| Price / MA50: | +0.41% | |
| Price / MA100: | +5.81% | |
| Price / MAexp7: | -0.21% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | -0.05% | |
| Price / MAexp100: | -0.50% |
Quotes :
-
15 min delayed data
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NYSE Stocks
News
The latest news and videos published on CITIGROUP INC. at the time of the analysis were 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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