Citigroup Inc (C) Up 1.61%; Price Base in Formation Over Past 90 Days

Citigroup Inc 4 Hour Price Update

Updated July 01, 2020 04:38 PM GMT (12:38 PM EST)

The price of C dropped $-0.54 (-1.06%) over the past four hours. For context, Citigroup Inc’s peers in the in the Banking industry are down -2.03% on average in this time, while the broader Financial Services sector is down by an average of -1.33%.

Citigroup Inc Daily Price Recap

Citigroup Inc is up 1.61% ($0.81) since the day prior, marking the 2nd day in a row an increase has occurred. The change in price came along side change in volume that was up 3.57% from previous day, but down 53.63% from the Tuesday of last week. The daily price chart of Citigroup Inc below illustrates.

Citigroup Inc Technical Analysis

Notably, Citigroup Inc is now close to its 100 day averages, located at 51.77 respectively, and thus may be at a key juncture along those timeframes. Volatility for Citigroup Inc has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. 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:

    $C 30-Jun
    – Daily stock market timing forecast –
    ◆ Investing view
    => Buy – Bullish
    ◆ Search for the daily stock market timing forecast
    ◆ Upper~Lower stock price band for the next 10 days
    Price: 47.54 ~ 60.11
    % Change: -6.96% ~ 17.62%
    ◆ Today's Supply-Demand(S&D) strength
    => Supply-Demand strength has changed from a strong selling flow to a suddenly strengthening buying flow.

    ◆ Daily Supply-Demand(S&D) strength Trend
    => In the midst of a rebounding trend of upward direction box pattern price flow marked by limited falls and upward fluctuations.