Citigroup and WTZ4 trade setupDuring the previous week, most US stocks rebounded or reversed from the last trend. I applied WTZ4 and TD sequential tools for making a trade setup. This stock is also one of their examples. Enjoy your trading.
CITI trade ideas
Banks to crash in larger financial crisis than 08/09I am expecting economical-sensitive investments like banks to crash to far lower levels than they reached in march 2020 due to even worse economic circumstances ( Contraction + Inflation entrenched)
CITI GROUP: INVESTMENT IDEA #1Citi group is currently down 38.3% from 52 week highs, another interesting factor is that C was gaining while the market was falling. Buffets $3b investment in C is one of many recent purchases he made. We should also be aware we may be approaching a recession as 10-year yields are growing. Current Analyst rating are indicating a "buy" signal and 1 year target is around $65. Keep in mind Citi Group also needs to nail Q2 2022 Earnings Report if it wants to see growth. Citi Groups P/E ratio is also at 5.62 indicating its slightly undervalued, and C has a low P/B ratio that is consistently decreasing. Technically if we break above 54.12, I see 54.28, and if we break above 54.28 I can see $57.90+. Momentum is also Slightly increasing.
Long Citigroup: Inverted Head & ShouldersNYSE:C
An inverted head & shoulders pattern is developing on the Citigroup weekly chart.
The weekly RSI just left oversold levels; after laying out what could be the right shoulder of the inverted H&S.
The height of the "head" is approximately $48.
Applying fib extensions and a standard pitchfork to approximate a target.
The 1.0 fib extension is almost exactly $48 from the bottom of the right shoulder.
The median line of the standard fork crosses this target in December '22.
Although the pitchfork covers the 1.0 fib extension level until December '23. (LEAPS Anyone?)
The financial sector should benefit from rising rates throughout the rest of the year.
I'll start scaling into a position once momentum confirms.
Technical Entry Signals
Entry #1 - Price above 9w EMA
Entry #2 - Price above 20w EMA
Entry #3 - 9w EMA cross above 20w EMA
Citigroup extends towards supportC had posted a sell signal several weeks back, I've constructed the structures; identified to the entry area, stop loss and targeted area. If the financial sector continues to endure pressure, hitting the projected target should be expected in the coming week(s). While this trade is underway, there remains opportunity to profit for our shorter-term traders with the information provided. Wishing you a blessed and profitable week!
Anlysis-Spring effect-uptrendOn this stock we have a spring effect on the vwap indicator, so we will have a big probability that the market will go up.
Short scalp CBased on its downtrend, regress off resistance and a familiar chart pattern confirmed by my technical indicators, I expect at least half a percent in profits IF C breaches today's low of $49.59 during tomorrow's session.
cC closed the week at 51.62. C is starting to put in a larger scale reversal pattern. It's possible for C to test highs of 55 above 52.6 this week. If C overall continues to breakout above resistances, we can see C set up to test 58 at some point in the next two weeks.
Citigroup Inc. (C) bullish scenario:The technical figure Falling Wedge can be found in the US company Citigroup Inc. (C) at daily chart. Citigroup Inc. or Citi (stylized as citi) is a US-American multinational investment bank and financial services corporation. Citigroup is the third largest banking institution in the United States; alongside JPMorgan Chase, Bank of America, and Wells Fargo, it is one of the Big Four banking institutions of the United States. It is considered a systemically important bank by the Financial Stability Board and is commonly cited as being too big to fail. It is one of the nine global investment banks in the Bulge Bracket. The Falling Wedge has broken through the resistance line on 05/05/2022, if the price holds above this level you can have a possible bullish price movement with a forecast for the next 8 days towards 54.85 USD. Your stop loss order according to experts should be placed at 47.78 USD if you decide to enter this position.
Citibank, N.A. said today it has raised its base lending rate to 4.00% from 3.50%, effective tomorrow, Thursday, May 5, 2022.
Citi has announced the launch of Single Euro Payments Area (SEPA) Instant Payments in Europe, further increasing the bank’s global Instant Payments offering.
The launch will provide clients with the ability to pay to and receive from 36 SEPA countries instantly. The offering allows SEPA Credit Transfers to be made within seconds, 24/7 and funds available to recipients immediately. Payments can be made to and received from SEPA Instant participating banks located anywhere within the 36 country SEPA zone.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Sell CitigroupExpecting upcoming recession and finding opportunities for PUT options in the bearish market.
Next FOMC meeting 3 May, where a rate hike of likely .5 basis will be announced. Expect a small recovery after the news and continued downward pressure towards low $40 as mid June FOMC approaches.
analysis-bearish channelGood morning all! On this stock as you see on the chart we are in a situation of bearish channel, here the resistance line is very important than the support line; So we will have a big probability of an uptrend if we have :
- Breakout of the resistance line with force by a big candle with a large volume,
-Breakout of the vwap indicator with force by a big candle with a large volume also.
We will wait the confirmation of these two elements before buying. It is the market that tells when to enter and when to exit. thanks.one love.
CITI moving on 46 USD then 42 USDhi,
take my example what not to do.
If you invest, remember, try to save your capital and make SL - stop loss. My first mistake. I did not make it.
Take a portion of your capital for example 20% - invest first and wait 2%, if you are on profit, invest another 20%, and wait next 2%. My fault - I invest to much on the beginning.
Or look mainly on the index how it is going, if it is like CITI ticker C moving down, it will still go down.
There is a gap between 40 USD. Right now we go on 46 USD then 42 USD. What next? I don't know. I hope it will move up.
We have to close this gap for sure.
Remember no position - sitting on cash is also a position.
This is my story, I lost 10%, I am happy to receive dividend, hope it helps. I think 0.5 half year to 1 one year sitting and looking how my wallet is shrinking. I suppose maybe 2023 will move back up. Still I have some free cash but I am not sure to buy... for what price.
Yeah.. I made big mistake.
best regards Adas Orlenik
Citigroup - nice catch a wave hi,
looking on ticker c Citigroup, I see positive move up, I don't know if it is a long wave up or a short term but, I hope that we will go to 56 USD or 60 USD.
There are rates from FED to be raised and as we know banks will increase their income with the rising of them.
Also the stock is undervalued, and we see that there is long term of accumulation of it and moving in the same range.
Please be advised that this type of stock is one of the "biggest" one in the NYSE. In long therm I hope to gain some money on it.
Like always we can see "play" of algorithms and computers - it likes to play with SME - moving average in range M15 and H1.
I hope that it will help.
Look on it in long term.
it is not a investing advise, it is only my opinion, please do not consider it in the light of law for any advise how to invest your money, it is your risk and your luck.
Citigroup, Inc. Bank Stocks to BuyMACD shows a bullish confirmation.
Traders can buy stocks when the price breaks above the downward sloping resistance line.
Target price is defined by Fibonacci retracement 50% level.
Position: LONG
$C with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $C after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 33.33%.
CMID-TERM: Bullish cypher with double bottom at PCZ, 4hr and daily classic bullish divergence, wedge breakout. (not financial advice)
C BUY - 50, TP - 58, SL - 47Citigroup Inc (C)
Report on 14.04.2022 banking
BUY - 50
TP - 58
SL - 47
The idea is more based on technical analysis. At present the price stands on the cross of two support lines and we can see oversold Stoch. Thats why i am waiting for at least a speculative bounce in the region of 58$.
Macroeconomic issues, such as raise of FED rate, inflation, recession risks, Ukreaine-Russia conflict, to mind mind are mostly priced in, as we have experienced 25% decline since last quarterly report.
Fundamentials on bank itself:
+ The bank is evaluated at 60% of its book value;
+ Dividends of 4% - the highest yield among top 5 US banks
+ Beating analysts' forecasts of 4 quarters in a row
- Increase of operational expenses
- Risks of closing business operations in Russia
Conclusion:
In the ideal scenario the idea will come true if tomorrow's quarterly report is stronger than expected. But in the same time You should be ready to hold the stock for a little while in mid or long term.
CITIGROUP - SHORT TERM BULLISH SCENARIOCitigroup Inc is expected to release Q1 earnings on Thursday before the market open.
The forecast is for 1.51 EPS and 18.32B revenue.
On the chart, the price is above the support level of $49 near the 0.618 Fibonacci level
Strong results will push the price to the next resistance of $56.30.
In case the investors are not satisfied with the report retest of the support level will be inevitable.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
CITIGROUP: earnings coming soonNext week will be published the US most important banks earnings and among them, Citigroup is for sure the one with the best focus. In particular, the US bank is the one with higher exposition in Russia: almost 10 billion dollars.
So, what can be the next scenario?
I'm short on CITI due to both fundamental reason and technical reason:
We are in a short trend, so basically, being trend follower, I will search for retracement to be in.
CCI oscillator gives long signal plus bullish divergency on the price. This can give the necessary boost to the stock to retrace up to 56-58 dollars before getting back to its lowest price.
Citigroup Inc Fractal MapFractal analysis based on recent notable impulsive and corrective waves. Angle of fibonnaci channels are adapted to general volatility that makes up triangle which indicates the timing.
CiitiGroup Bank UpdateBank Stock Charts Not Looking Good
Trendline break as noted on chart
Target box with approximate price level
