Citizens Financial Group Inc Stock Forecast
Stronger technical forecast for Citizens Financial Group Inc stock price after Tuesday trading.
(Updated on Jul 02, 2024)
The Citizens Financial Group Inc stock price gained 1.54% on the last trading day (Tuesday, 2nd Jul 2024), rising from $35.83 to $36.38. During the last trading day the stock fluctuated 2.30% from a day low at $35.58 to a day high of $36.40. The price has been going up and down for this period, and there has been a 5.45% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately $174.94 million.
The stock lies in the middle of a wide and weak 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 2.58% during the next 3 months and, with a 90% probability hold a price between $34.08 and $38.59 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
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 $35.43 and $35.17. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 7.09%. 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 is rising along with the price. This is considered to be a good technical signal.
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.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.82 between high and low, or 2.30%. For the last week the stock has had daily average volatility of 2.10%.
Our recommended stop-loss: $34.84 (-4.22%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 30 days ago.)
Trading Expectations (CFG) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Citizens Financial Group Inc to open at $36.12, and during the day (based on 14 day Average True Range), to move between $35.56 and $37.20, which gives a possible trading interval of +/-$0.82 (+/-2.26%) 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 4.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $36.49 (0.30%) than the support at $34.92 (4.01%), 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?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Citizens Financial Group Inc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.892 Buy Candidate Upgraded
Predicted Opening Price for Citizens Financial Group Inc of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $36.12 ( 0.715%) | $36.38 |
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 | |
|---|---|---|
| R3 | 36.94 | 1.54% |
| R2 | 36.63 | 0.678% |
| R1 | 36.43 | 0.146% |
| Price | 36.38 | |
| S1 | 35.81 | -1.58% |
| S2 | 35.61 | -2.11% |
| S3 | 35.30 | -2.97% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 37.16 | 2.14% |
| R2 | 36.84 | 1.26% |
| R1 | 36.49 | 0.302% |
| Price | 36.38 | |
| S1 | 34.92 | -4.01% |
| S2 | 34.77 | -4.43% |
| S3 | 34.38 | -5.50% |
CFG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 17, 2024 | Apr 30, 2024 | May 15, 2024 | $0.420 | 1.14% |
| 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
Click here for our free guide on how to buy Citizens Financial Group Inc Stock.
