Citigroup (C) Closes Prior Hour Up 0.24%; Eyes 20 and 50 Day Averages, Breaks Above 50 Day Average, Price Base in Formation Over Past 30 Days

The Hourly View for C

Last Updated September 10, 2020, 15:6 GMT

At the moment, C’s price is up $0.83 (1.6%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 20 hour moving average has been crossed, so that price is now turning above it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50 and 100 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Citigroup Inc Daily Price Recap

The choppiness in the recent daily price action of Citigroup Inc continues; to start today, it came in at a price of 51.4 US dollars, up 0.71% ($0.36) since the day prior. The price move occurred on volume that was down 32.15% from the day prior, but up 12.16% from the same day the week before. Let’s take a look at the daily price chart of Citigroup Inc.

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Citigroup Inc Technical Analysis

First things first: Citigroup Inc crossed above its 50 day moving average yesterday. Also of note is that on a 30 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 up 8 them.

Overheard Around the Web

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

    $C Ops Woman CEO coming TIME TO SELL Quick before she uses her position to fund Globalist INCLUSIVE …EXPENSIVE IDEA's that never work and destroy Co's….show me a woman in control I'll show you a Co that "could perform better"…There is a reason all these bald white CEO's exist do you think its by chance…..decades of using a man when a woman was more profitable no I think not…….

    Sold everything $52.3….I'm out until she's out….IBM OXY….need more proof…women like to be liked & that doesn't work,….sorry but it doesn't

    Sorry for offending people by BEING REAL

    Short C….now

    SchizophrenicStockPicker