Citi stock: buy or sell
Updated on:
Jan 27th, 2021
2
Citi stock brief
- Citi stock only changed 0.58% to close at $60.91 on the stock market on Tuesday, and broke a streak of 6 sessions in negative.
- Citi presented its earnings report on January 15
Should I buy Citi stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $C stock a buy?
Currently, Citi stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for $C in coming sessions, or that it may not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Citi stock?
When you are a novel trader and you own stock shares with some profit, it's really difficult to decide the correct moment to sell and get your benefits. Like when we have to buy shares, choosing when is the best time to sell is not a random decision, and we must use our own trading strategy. When selling, as well as buying, our strategies are very easy to use and are only applicable for selling shares in your porfolio, not for shorting $C stock
A golden rule is that you should not hold an operation that yields greater losses than those expected upon the buy. The timing to sell shares should always be dictated by the stop-loss (automatic or manual)
Is it time to sell Citi stock?
In the current situation of Citi there is not any eligible sell setup, so Citi stock holders with operations in profit can keep their positions
Citi ratings
In the last month, 8 analyst ratings were published for Citi
| Brokerage firm | Rating |
|---|---|
| Jan 4th, 2021 | |
| Barclays | |
| Jan 6th, 2021 | |
| Daiwa Capital Markets | |
| Deutsche Bank Aktiengesellschaft | Neutral |
| Jan 11th, 2021 | |
| Piper Sandler | Buy |
| Jan 19th, 2021 | |
| Barclays | |
| DA Davidson | |
| Royal Bank of Canada | Buy |
| Jan 21st, 2021 | |
| Berenberg Bank | |
Citi stock analysis
SMAs overview
Supports and resistances
The current resistance levels are:
The current supports are:
Bollinger bands
Since the price surpassed the upper band on January 14, the price has corrected downwards by 12.27%
Relative strength index
The RSI dropped below the overbought level of 70 on January 15 after just crossing to the overbough zone for just one day (weak signal). The RSI value on Tuesday was 46.61. Since RSI lost the overbought zone, Citi stock tanked a 11.74%
Citi stock price history
Citi went public on Jan 3rd, 1977 at $7.84 per share1. Since then, C stock surged by 676.91%, with an average of 15.38% per year. If you had invested $1,000USD in Citi stock at that time, it would have a value of $7,769.13 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Citi stock
Nobody knows how much a stock will be priced tomorrow. However, many stock price predictions are issued every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, brokerage institutions post their price estimates based on the stock price action and the company fundamental data. Most of these estimates follow the release of new fundamental information by the company, and many times. If you are a small trader you should not invest based on these forecasts.
The average price target for Citi stock calculated from the table below is $74.25. That is a 21.90% than the current price ($60.91).
| Brokerage firm | Price target |
|---|---|
| Jan 4th, 2021 | |
| Barclays | $72.00 |
| Jan 6th, 2021 | |
| Daiwa Capital Markets | $75.00 |
| Deutsche Bank Aktiengesellschaft | $50.00 → $58.00 |
| Jan 11th, 2021 | |
| Piper Sandler | $68.00 → $85.00 |
| Jan 19th, 2021 | |
| Barclays | $72.00 → $77.00 |
| DA Davidson | $77.00 → $84.00 |
| Royal Bank of Canada | $66.00 → $73.00 |
| Jan 21st, 2021 | |
| Berenberg Bank | $55.00 → $70.00 |
Earnings and financials
Citigroup Inc. ($C) released earnings of $2.08 per share on January 15, significantly enhancing the Wall St consensus estimate of $1.34 per share. This Q4 report means an earnings surprise of 55.22%. On the contrary, the company reported revenue for this quarter was $16.5 billion consistent with the market estimates.
Compared to the same quarter one year ago, EPS was $2.15, so reported EPS means a decrease of -3.26%. Looking at revenue, figures just changed compared to $162.6B same quarter a year ago.Citi ($C) is presenting Q1 earnings report next April. Analysts predict of $1.86, that is a 10.58% less than previous quarter.
Citi performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Citi ($C) | 0.00% | 42.20% | 22.10% |
Please read:
The viewpoints published in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this document does not have an understanding of the particular positions of the reader, his or her financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are provided for learning purposes onlyCiti summary
| Tuesday, January 26th, 2021 | |
|---|---|
| Open | $61.2 |
| Close | $60.91 |
| Day range | $60.09 - $61.24 |
| Previous close | $60.56 |
| Session gain | 0.58% |
| Average true range | $3.24 |
| 50d mov avg | $59.20 |
| 100d mov avg | $51.77 |
| 200d mov avg | $50.13 |
| Earnings date | April 14th, 2021 |