RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of C
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Citigroup stock price up 0.781% on Thursday
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 14, 2024 Gain 17.15% PDF

The Citigroup stock price gained 0.781% on the last trading day (Thursday, 28th Mar 2024), rising from $62.75 to $63.24. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.25% from a day low at $62.58 to a day high of $63.37. The price has risen in 9 of the last 10 days and is up by 10.77% over the past 2 weeks. Volume fell on the last day by -1 million shares and in total, 15 million shares were bought and sold for approximately $952.02 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $62.71, a level that may pose a second chance to hit a runner. According to fan-theory $68.41 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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C Signals & Forecast

The Citigroup stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $61.55 and $57.13. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 13, 2024, and so far it has risen 19.86%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Citigroup stock

On the downside, the stock finds support just below today's level from accumulated volume at $57.09 and $53.64. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Citigroup finds support just below today's level at $57.09. If this is broken, then the next support from accumulated volume will be at $53.64 and $52.62.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.785 between high and low, or 1.25%. For the last week, the stock has had daily average volatility of 1.57%.

The Citigroup stock is extremely overbought on RSI14 (85). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: $61.47 (-2.80%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 85 and this increases the risk substantially. There is a buy signal from a pivot bottom found 31 days ago.)

Trading Expectations (C) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Citigroup Inc to open at $63.06, and during the day (based on 14 day Average True Range), to move between $62.09 and $64.39, which gives a possible trading interval of +/-$1.15 (+/-1.82%) up or down from last closing price. If Citigroup Inc takes out the full calculated possible swing range there will be an estimated 3.63% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $57.09, some $6.15 (9.72%) from the current price of $63.24, our system finds the risk reward attractive.

Is Citigroup Inc stock A Buy?

Citigroup holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Citigroup Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$63.06 ( 0.282%) $63.24

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

Trading levels for C

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 63.85 0.96 %
R2 63.55 0.485 %
R1 63.36 0.192 %
Current price: 63.24
Support S1 62.76 -0.756 %
S2 62.58 -1.05 %
S3 62.28 -1.52 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 63.24
Support S1 57.09 -9.72%
S2 53.64 -15.18%
S3 52.62 -16.79%

C Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 11, 2024 Feb 02, 2024 Feb 23, 2024 $0.530 0.95%
2 Oct 19, 2023 Nov 03, 2023 Nov 22, 2023 $0.530 1.18%
3 Jul 20, 2023 Aug 04, 2023 Aug 25, 2023 $0.530 1.29%
4 Apr 03, 2023 Apr 28, 2023 Aug 25, 2023 $0.510 1.24%
5 Jan 11, 2023 Feb 03, 2023 Feb 24, 2023 $0.510 1.02%

FAQ

What is the symbol for Citigroup Stock and on which exchange is it traded?
The symbol for Citigroup is C and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Citigroup Stock?
Citigroup holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy Citigroup Stock?
Citigroup Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Citigroup Stock.

What's the current price of Citigroup Stock?
As of the end of day on the 2024-03-28, the price of an Citigroup (C) share was $63.24.

What is the 52-week high and low for Citigroup Stock?
The 52-week high for Citigroup Stock is $63.37 and the 52-week low is $38.17.

What is the market capitalization of Citigroup Stock?
As of the 2024-03-28, the market capitalization of Citigroup is 120.875B.

When is the next earnings date for Citigroup?
The upcoming earnings date for Citigroup is Apr 12, 2024.
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About Citigroup Inc

Citigroup Citigroup Inc., a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking... C Profile

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