Citizens Financial Group Inc Stock Forecast
Citizens Financial Group Inc stock price ended at $34.99 on Thursday, after gaining 0.84%.
(Updated on May 02, 2024)
The Citizens Financial Group Inc stock price gained 0.84% on the last trading day (Thursday, 2nd May 2024), rising from $34.70 to $34.99. During the last trading day the stock fluctuated 1.47% from a day low at $34.65 to a day high of $35.16. The price has risen in 7 of the last 10 days and is up by 6.35% over the past 2 weeks. Volume fell on the last day by -1 million shares and in total, 3 million shares were bought and sold for approximately $96.09 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 lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 11.88% during the next 3 months and, with a 90% probability hold a price between $37.15 and $42.37 at the end of this 3-month period.
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CFG Signals & Forecast
Mostly positive signals in the chart today. The Citizens Financial Group Inc 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 $34.92 and $34.43. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 7.96%. 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 Citizens Financial Group Inc stock
Citizens Financial Group Inc finds support from accumulated volume at $34.92 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.510 between high and low, or 1.47%. For the last week, the stock has had daily average volatility of 1.96%.
Our recommended stop-loss: $33.61 (-3.95%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (CFG) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Citizens Financial Group Inc to open at $34.93, and during the day (based on 14 day Average True Range), to move between $34.09 and $35.89, which gives a possible trading interval of +/-$0.90 (+/-2.57%) 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 5.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $35.04 (0.14%) than the support at $34.92 (0.20%), 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 positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 5.427 Strong Buy Candidate Unchanged
Predicted Opening Price for Citizens Financial Group Inc of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $34.93 ( 0.162%) | $34.99 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CFG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 35.44 | 1.30 % | |
| R2 | 35.25 | 0.739 % | ||
| R1 | 35.13 | 0.395 % | ||
| Current price: | 34.99 | |||
| Support | S1 | 34.74 | -0.719 % | |
| S2 | 34.62 | -1.06 % | ||
| S3 | 34.42 | -1.62 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 35.71 | 2.06 % | |
| R2 | 35.15 | 0.457 % | ||
| R1 | 35.04 | 0.143 % | ||
| Current price | 34.99 | |||
| Support | S1 | 34.92 | -0.200% | |
| S2 | 31.54 | -9.86% | ||
| S3 | 31.31 | -10.52% |
CFG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 17, 2024 | Apr 30, 2024 | May 15, 2024 | $0.420 | 1.20% |
| 2 | Jan 17, 2024 | Jan 31, 2024 | Feb 14, 2024 | $0.420 | 1.34% |
| 3 | Jan 17, 2024 | Jan 30, 2024 | Feb 14, 2024 | $0.420 | 1.34% |
| 4 | Oct 18, 2023 | Nov 01, 2023 | Nov 15, 2023 | $0.420 | 1.54% |
| 5 | Oct 17, 2023 | Oct 31, 2023 | Nov 15, 2023 | $0.420 | 1.54% |
FAQ
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