Citigroup (C) Closes Last Hour Down $-1.09; Makes Big Move Relative to Past Two Months, Breaks Below 100 Day Average

The Hourly View for C

Last Updated September 15, 2020, 23:17 GMT

At the moment, C’s price is down $-2.2 (-4.56%) from the hour prior. The hourly chart shows that C has seen 3 straight down hours. As for the trend on the hourly timeframe, we see the clearest trend on the 20 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

48.15 was the closing price of the day for Citigroup Inc, resulting in today being one in which price moved down 5.59% ($2.85) from the day prior. As for how volume fared, yesterday’s volume was up 178.75% from the previous day (Sunday), and up 282.91% from Monday of the week before. Let’s take a look at the daily price chart of Citigroup Inc.

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Citigroup Inc Technical Analysis

Moving average crossovers are always interesting, so let’s start there: Citigroup Inc crossed below its 100 day moving average yesterday. Or to view things another way, note that out of the past 14 days Citigroup Inc’s price has gone up 8 them.

Overheard Around the Web

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

    $JPM I was holding $105 Oct calls but after today, I cut my losses and got out. Luckily made some money on $C a few weeks back but banks are a tough area to be in and will take patience. Unfortunately my calls have none. They will have their day, just not today.

    derrdavid