Citizens Financial Group, Inc. Stock Forecast

Evaluation of Citizens Financial Group, Inc. stock downgraded after the last trading session.
(Updated on Jun 19, 2024)

0HYP.L Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Citizens Financial Group, Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 35.24€. On a fall, the stock will find some support from the short-term average at 34.53€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Citizens Financial Group, Inc. stock

Citizens Financial Group, Inc. finds support from accumulated volume at 34.56€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 0€ between high and low, or 0%. For the last week the stock has had daily average volatility of 0.729%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (0HYP.L) For The Upcoming Trading Day Of Thursday 20th

For the upcoming trading day on Thursday, 20th we expect Citizens Financial Group, Inc. to open at 34.86€, and during the day (based on 14 day Average True Range), to move between 34.11€ and 35.60€, which gives a possible trading interval of +/-0.741€ (+/-2.13%) up or down from last closing price. If Citizens Financial Group, Inc. takes out the full calculated possible swing range there will be an estimated 4.25% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 35.10€ (0.70%) than the support at 34.56€ (0.85%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Citizens Financial Group, Inc. stock A Buy?

Citizens Financial Group, Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -1.341 Sell Candidate Downgraded

Predicted Opening Price for Citizens Financial Group, Inc. of Thursday, June 20, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.