Citigroup Came Into Today Down -1.71%

The Daily View for Citigroup

  • At the time of this writing, C’s price is down $-0.02 (-0.03%) from the day prior.
  • The daily chart shows that Citigroup has seen 3 straight up days.
  • From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 day timeframes.
  • Of note is that the 100 day changed directions on C; it is now pointing down. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Citigroup’s hourly price chart is shown below.

C

The Daily View for Citigroup

  • At the time of this writing, C’s price is down $-1.24 (-1.71%) from the day prior.
  • This move is a reversal from the day prior, which saw price move up.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe.
  • Of note is that the 20 day changed directions on C; it is now pointing down. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Below is a daily price chart of Citigroup.

C

Featured Citigroup Idea From TradingView

Below is a trading comment entitled Bullish Fibonacci Extension you may find interesting:

Trading Plan (EXTENSIONS) ENTRY TECHNIQUE Visual interpretation of predefined set-up on chart ( ABC ) A price movement of 61.8% measured from B to C Pending limit order at 23.6% measured from B to C TRADE MANAGEMENT StopLoss: C TakeProfit: B Comment: Bullish Fibonacci extension appearing on chart. Stand by for confirmation. Good luck to everyone trading NZD/JPY!

MikulovicFOREX