Citigroup (C) Price Near $43.91; in a Downtrend Over Past 14 Days, Moves Down For the 3rd Day In A Row, Price Base in Formation Over Past 90 Days

The Hourly View for C

Last Updated September 22, 2020, 00:014 GMT

Currently, C’s price is down $-0.85 (-1.89%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as C has now gone up 4 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. 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 came into today down 2.07% ($0.93) from the open of the previous day, marking the 3rd day in a row a decline has happened. The price move occurred on stronger volume; specifically, yesterday’s volume was up 0.58% from the day prior, and up 49.64% from the same day the week before. Below is a daily price chart of Citigroup Inc.

C

Citigroup Inc Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. 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. Or to view things another way, note that out of the past 14 days Citigroup Inc’s price has gone down 8 them.

Overheard Around the Web

Over on StockTwits, here’s an example of what they’re saying about C:

    $C banks have been suppressed to bottom of the barrel valuations. This is a buying opportunity. Citi made 19.47 billion in net income last year. Over the next decade if they if made half of that every year they would make up their entire market value right now. Yea half lol. And i bet they make alot more than that over the next decade. So load up while you can.

    JpatHoldings