Bullish vs. Bearish (1 opinions)
Social Sentiment 0.83
CFG Forecast and Technical Stock Analysis
Buy candidate since 2019-07-19
Citizens Financial Group Inc gained 6.38% in the last trading day ( Friday, 19th Jul 2019 ), rising from $34.62 to $36.83 , and has now gained 3 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 day the stock fluctuated 4.82% from a day low at $35.25 to a day high of $36.95. The price has been going up and down for this period, and there has been a 2.62% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 4.57 million more shares were traded than the day before. In total, 11.10 million shares bought and sold for approximately $408.71 million.
- 30 day high of the CFG stock price was $36.95 and low was $33.76.
- 90 day high was $36.95 and low was $32.36.
- 52 week high for Citizens Financial Group Inc - $41.76 and low - $27.62.
Citizens Financial Group Inc has broken the wide and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $36.26 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach $40.29 sometime during the next 3 months.
Only positive signals in the chart today. Citizens Financial Group Inc holds buy signals from both short- and long-term moving averages. In addition, 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 $35.30 and $34.85. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday July 17, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 59 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Citizens Financial Group Inc finds support from accumulated volume at $35.89.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.70 (4.82%) between high and low. For the last week, the stock has had daily average volatility of 2.35%.
Our recommended stop-loss: $35.36 (-4.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)
2.35 %Average volatility
Very Low Low Medium High Very High
Several short-term signals are positive and the stock has broken the horizontal trend up, which indicates an even stronger rising rate. We conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term period. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.
|CFG $36.83 ($2.21 6.38%)|
CFG is up $2.21 today, but where's it headed in 2019?
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