Citigroup (C) Closes Last Hour Down $-0.05; Heads Down For the 2nd Day In A Row, in a Downtrend Over Past 14 Days, Price Base in Formation Over Past 90 Days

The Hourly View for C

Last Updated September 18, 2020, 23:15 GMT

Currently, C’s price is down $-0.3 (-0.65%) from the hour prior. C has seen its price go down 8 out of the past 10 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. Of note is that the 20 hour changed directions on C; it is now pointing down. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50 and 100 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Citigroup Inc Daily Price Recap

Citigroup Inc closed yesterday down 1.47% ($0.67); this denotes the 2nd day in a row it has gone down. As for how volume fared, yesterday’s volume was up 13.3% from the previous day (Wednesday), and up 69.59% from Thursday of the week before. Here is a daily price chart of Citigroup Inc.

C

Citigroup Inc Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For additional context, note that price has gone down 8 out of the past 14 days.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to C:

    $C Form FWP (filing under securities act rules 163/433 of free writing prospectuses) filed with the SEC

    https://newsfilter.io/a/0e9801094233c5f8f8116746841f05b3

    Newsfilter