$C with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:C after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 55.56%.
C.D trade ideas
Citigroup inc. H4 LongBuy Entry @ 62.07
S/L @ 53.53
T/P @ 70.61
R.R.R. @ 1/1
Pure Price Action analysis based on Breakout of target level.
S&P 500/CITIGROUP | Chart & Forecast SummaryKey Indicators on A Trade Set Up in General
1. A Push Set Up
2. A Range Set up
3. And A Break & Retest Set Up
On Replay Mode The Triangle Pattern Means An Uptrend Matching A Bullish Bias
Citigroup BearsSimple bearish scenario if there are signs of weakness near the blue rectangle zone. All rectangles are potential support and resistance levels projected in time, so I will keep my visions open for any scenario including a comeback, despite the fact that the whole project has been developed in a highly bearish mood setup.
The main and initial test of the project would be this incoming blue rectangle zone where things could get interesting if the estimations are accurate or at least indicative of potential scenarios.
The first and last pink zones are of interest of me in the bearish setup regardless of the fact that the last one is so far that it doesn't even seem plausible from this angle. Taking this into consideration I might attempt to add on to the project as we go along further down the rabbit hole of time with incoming updates/comments and potential analysis/estimations.
Citigroup Could Be Inching HigherCitigroup has recently inched higher as the broader market pulled back. Now some investors may think the banking giant will continue upward.
The first pattern on today’s chart is $63.46, the close on June 28 and the last price of the first half. C tested and held it in two separate weeks. It’s also near the peaks of May. Has new support been established at higher levels?
Second, the 50-day simple moving average is rising from below. That may suggest the intermediate-term trend is bullish.
Third, the 8-day exponential moving average (EMA) has remained above the 21-day EMA. That may suggest the short-term is bullish.
Next is the series of higher weekly lows. That may suggest the long-term trend is bullish.
Finally, the dip in Bollinger Bandwidth indicates that movement has narrowed. That could make traders look for price movement to expand if C manages to make a new high and surpass levels from early 2022.
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CitigroupCitigroup witnessed a strong rebound recently after forming a major higher low at 58.56$, to violate the major peak 65$. then, Confirming this breakout by remaining trading above $65 in today's session will confirm the major uptrend., triggering further rises near 67.60 - 69.11 - 71 - 73 - 74.65.
The stop-loss lies below 63.75.
the indicators are heading toward the positive side, which confirms the mentioned positive scenario.
The information and publications are not intended to be or constitute any financial, investment, commercial, or other types of advice or recommendations provided.
A topping Signal; Citi BankRegarding Citigroup stock, it has recently shown a strong performance following its latest earnings report. As of now, analysts have a mixed outlook on the stock, with a general consensus leaning towards a "Buy" rating. The average 12-month price target is around $63.09, slightly below its current price of $64.52.
Key resistance levels for Citigroup include $66.87 and $71.40. The stock has shown immediate seller reactions around these levels, indicating potential points of resistance. If the stock fails to break past $66.87, it could suggest a short opportunity, especially considering the historical significance of these levels dating back to the 2008 financial crisis.
The stock is close to breaking out of a long-term range, but keep in mind that broader market conditions and sector rotations can influence its performance. Banks are currently benefiting from higher interest rates, but anticipated rate cuts by the Federal Reserve later in the year could impact this sector, potentially leading to a rotation into other sectors like energy and infrastructure.
For a short position, monitor the stock for a break below the low of the day (LOD) on Monday and consider resistance levels around $66.87 and $71.40 for setting stop-losses and targets.
CITIGROUP Downtrend Line Breakout At $64.28 12.07.2024- Bullish breakout above downtrendline on CitiGroup's 4hr chart at $64.28 observed.
- Potential target if breakout holds: $71.51; further breakout could lead to $80.72.
- Alternatively, if breakout fails, potential downside to $58.58; further breakdown could target $54.11.
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Disclaimer
Big Citibank Opportunity Citibank Opportunity - NYSE:C
Company Market Cap: $82.2 billion
Share Price Today: $42.68
Dividend: 0.53c per quarter (Annual Dividend of c.$2.06)
Annual Dividend Yield: 4.82%
Next Earnings Report: Friday 13th October 2023
Citibank (Citigroup) is the 20th largest bank in the world & a member of Global Systemically Important Financial Institutions (G-SIFIs) meaning it has stricter prudential regulation such as higher capital requirements and extra surcharges and more stringent stress tests. under the scheme deposits can be 100% guaranteed in the event of a crisis, which is not the case for smaller banks that are not considered systemically important. This additional security can add weight to a longer term hold for Citibank combined with a good 4.82% dividend yield.
Citibank has recently been in the headlines with negative news for completing a management re-org with substantial lay-offs. Whilst the news is interpreted as negative, the chart appears to reaching a point of exhaustion after 31 months of downward price pressure and a roughly 50% reduction in price from $81 down to $42. We may be forming a 3rd higher price cluster or price launch pad here at $42.
Earnings release is in a 4 and half weeks on 13thOctober and after 13 quarters of positive earnings the trend is green. Its worth noting that upon earnings release, the price can capitulate or ascend aggressively (historically this has been the way), this is why it is important to be placing bids or positions well in advance of the release (now) and on the day of the release we should be nimble and on our toes to capitalize or reduce risk with stop losses. Obviously for long term position players this is not all that important, we have our long term target and stop loss on the chart.
There is a long term trade opportunity with a stop loss at BASE 2 at $34.37. As you can see the trade has a Risk/Reward of 4:1. People who want to play it even safer could wait for a bounce off BASE 2 but for me a retracement this low could mean lower price momentum and a break of the RSI resistance. This is why I am inclined to take a position now off this base well in advance of the earnings release.
This is not my typical style of trade however I could not pass up the chart given the mid-term 31 month 50% reduction and exhaustion in price combined with the higher bases on the longer term trajectory, and to be honest the negative news really got me the contrarian in me rustled. If you look hard enough you can see a potential long term ascending triangle forming out into the 5 year time horizon. As a cherry to the trade, the dividend yield is considerably high at 4.82% for a systemically important institution – to big to fail.
In Summary
- Citigroup is one of the top 20 banks in the world
and is considered systemically important.
- Citigroup share price has been declining 31 months
with an approx. 50% reduction in price.
- Three Price Bases establishing higher lows are
reinforced by a rising RSI support line.
- To fully take advantage of the earnings release on
13th October 2023 positions need to be placed now
as the stock is extremely volatile on the day of
release.
- If the RSI support line fails to hold this could be a
warning signal of a break down into STRONG
SUPPORT ZONE (Red).
- The dividend yield is considerably high at 4.82% for
a systemically important institution offering a little
incentive for a longer term hold.
C Citigroup Options Ahead of EarningsIf you haven`t bought the dip on Citigroup:
Now analyzing the options chain and the chart patterns of C Citigroup prior to the earnings report this week,
I would consider purchasing the 65usd strike price Calls with
an expiration date of 2024-9-20,
for a premium of approximately $2.37.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
citigroup completed wyckoff accumulation - ready for take offcitigroup is showing all major signs of having completed wyckoff accumulation near bottom since 2009. it has been in congestion for more than a decade now and has failed to make a new low over more than a decade. currently it is reversing strongly from the bottom of the trading range. next ten years could see it reach 500 again (10x potential)
#c $C61.60 breakout possible
63/64/65 will be target
horizontal resistance breakout possible
20 ema above sustain
C Just got OVERLOADED! C 5/24 Hedge Trade
NYSE:C had an option flow order placed on the $65 strike. This option flow order was for the 5/24 exp and had 8000 contracts totaling $242K. $242K worth of contracts on this stock is overloading so instead of following the original trade (Calls), we will bet against this trade (Puts). We may need to get next week's expiration if this upwards momentum continues.
Citigroup is looking like an obvious buy!🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
Citigroup is looking like an obvious buy!🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
Leap this trade into next year! High Rates/No Jerome Milk LeftAfter an almost 70% run to the upside from its bottom, there has been minimal structure built beneath it.
Bull Case:
We have a give or take 17% potential run to the upsides resistance level.
Bear Case:
Give or take a 20% draw down to major support, I believe this is most likely the case after its 70% run.
On the other hand, these huge banks may get another program to help bail them out AND/OR they benefit largely from this rate increase/no cuts from squeezing all of the regional banks!
Citi Group's 1st Qtr. Results: Profit Dips, But Beat ExpectationCitigroup's ( NYSE:C ) recent earnings report for the first quarter of the year showcased a mixed performance, with profits declining but still surpassing market expectations. The bank reported a 27% decrease in net income compared to the previous year, largely attributed to a $483 million charge associated with CEO Jane Fraser's extensive reorganization initiatives.
Despite the decline in profits, Citi's adjusted earnings per share exceeded Wall Street forecasts, reflecting the bank's ongoing efforts to streamline operations and improve efficiency. CEO Jane Fraser highlighted the completion of the organizational simplification announced in September, resulting in a cleaner management structure aligned with the bank's strategic objectives.
Investor sentiment responded positively to the earnings report, with shares in the third-largest U.S. lender rising by 2.5% in early trading. The bank's cost-saving measures, including a reduction in headcount by 7,000 employees, are expected to generate annual savings of $1.5 billion, further bolstering investor confidence in Citi's future prospects.
Revenue performance across Citi's various segments varied, with notable strength in services and banking divisions. Revenue from cash management, clearing, and payments services for corporations surged by 8%, while a resurgence in capital markets and investment banking fees fueled a significant increase in banking revenue.
However, challenges persisted in certain areas, particularly in trading and wealth management. Trading revenue experienced a decline, primarily driven by lower performance in fixed income and currencies, while wealth management revenue contracted by 4%.
Looking ahead, Citi Group ( NYSE:C ) remains focused on driving growth in wealth management and investment banking, areas identified for potential expansion. CEO Jane Fraser's leadership during the ongoing reorganization efforts has been instrumental in reshaping the bank's operations and improving competitiveness.
Despite positive strides, Citi Group ( NYSE:C ) continues to face regulatory challenges and workforce instability. Regulatory scrutiny from U.S. regulators regarding risk management practices underscores the need for ongoing compliance efforts. Additionally, ongoing efforts to address deficiencies in risk management, data governance, and internal controls, as outlined in enforcement actions from 2020, remain a priority for the bank.
Overall, Citi Group's ( NYSE:C ) first-quarter results reflect a mixed performance amidst ongoing reorganization efforts. While challenges persist, the bank's ability to navigate regulatory hurdles, drive growth in key segments, and sustain investor confidence will be critical factors shaping its future trajectory in the competitive banking landscape.
C Citigroup Options Ahead of EarningsIf you haven`t bought the dip on C Citigroup:
Then analyzing the options chain and the chart patterns of C Citigroup prior to the earnings report this week,
I would consider purchasing the 62.50usd strike price Calls with
an expiration date of 2024-6-21,
for a premium of approximately $2.59.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
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Citi breakoutCiti potentially emerging from a 10 week or so consolidation breaking the down slope trendline and with a low risk entry, stop at the low of today. Earnings are not special but fins seem to have a bid at present and Citi one of the better charts (imho).
C Buy Trade ## Citigroup Stock (C): Short Fundamentals & Recent News (as of February 18, 2024)
**Fundamentals:**
* **Current Price:** $55.24 (as of February 16, 2024)
* **52-Week Range:** $38.17 - $57.95
* **Market Cap:** $86.36 billion
* **P/E Ratio:** 11.24
* **Dividend Yield:** 3.80%
* **Analyst Rating:** Overweight (average)
* **Price Target:** $54.85 - $61.15
**Recent News:**
* **Citi Foundation awards $50 million to advance community finance.** (February 16, 2024)
* **Citi expands Impact Fund to $500 million to close gender and racial gaps in VC.** (February 9, 2024)
* **Citi reports strong Q4 earnings, exceeding analyst expectations.** (January 18, 2024)
* **Citi raises dividend by 8%.** (January 18, 2024)
* **Federal Reserve approves Citi's capital plan.** (December 15, 2023)
**Disclaimer:**
This information is for informational purposes only and should not be considered financial advice. Please consult with a qualified financial advisor before making any investment decisions.
**Additional Notes:**
* The stock is up over 40% in the past year and is currently trading near its 52-week high.
* Analysts are generally bullish on the stock, with an average price target above the current price.
* The company is in a strong financial position and has a good track record of profitability.
* However, the stock is not without risks, such as the potential for a recession or increased regulation.
I hope this information is helpful. Please let me know if you have any other questions.
Great swing potential on C!Thank you for watching my analysis on C! Please feel free to like, share, and comment this post!
