Citi stock: buy or sell

C stock price: $70.65 1.23% At close on Apr 21st, 2021

Updated on:
Apr 22nd, 2021

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Citi stock brief

  • Citi stock inched 1.23% to close at $70.65 on the stock market on Wednesday, and broke a streak of 4 sessions in negative.
  • Citi released its earnings report on April 15
  • Morgan Stanley published a buy rating for Citi last Monday, with a forecast of $89.00

Should I buy Citi stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. 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?

In the current situation of Citi there is not any eligible buy setup. 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?

"To sell or not to sell", if you are holding Citi shares?. Trading strategies allow us to avoid rash decisions based on our sentiments or the noise surrounding the market. When selling, as well as buying, our setups are very simple to follow but are only applicable for selling shares you already own, not for shorting $C stock

As a rule of thumb, you should not keep an operation that yields losses greater than those expected upon purchase. When to sell your stock 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 30 days, 9 brokerage ratings were published for Citi. General sentiment is bullish, with 5 out of 9 publishing positive outlooks

Citi analysts' ratings - Last 30 days
Brokerage firmRating
Mar 24th, 2021
Deutsche Bank Aktiengesellschaft Neutral
Mar 29th, 2021
Edward Jones Strong buyNeutral
Apr 5th, 2021
Wolfe Research
Apr 7th, 2021
Barclays
Apr 9th, 2021
Jefferies Financial Group Strong buy
Apr 13th, 2021
Morgan Stanley Buy
Apr 15th, 2021
Jefferies Financial Group Strong buy
Apr 16th, 2021
Argus Strong buy
Apr 19th, 2021
Morgan Stanley Buy

Citi stock analysis

SMAs overview

C stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $70.65 (0.00% above)
  • R2: $70.91 (0.37% above)
  • R3: $71.39 (1.05% above)
  • The current supports are:

  • S1: $69.67 (-1.39% below)
  • S2: $69.25 (-1.98% below)
  • S3: $69.15 (-2.12% below)
  • Bollinger bands

    The current range between the upper and lower bands is 4.81%, which means that price volatility is low. The compression of the Bollinger bands is usually a signal of a sharp price movement (up or down), so we must be careful and manage our buy or sell orders appropiately

    C stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 in mid-March after just crossing to the overbough zone for a single day (weak signal). The RSI reading on Wednesday was 45.44. Since that level was lost, Citi shares tanked a 6.03%

    C stock RSI chart

    Citi stock price history

    Citi went public on Jan 3rd, 1977 priced at $7.88 per share1. Since then, C stock surged by 796.57%, with an average of 18.10% per year. An investment of $1,000USD on Jan 1977 would have a value of $8,965.74 today.

    1: Adjusted price after possible price splits or reverse-splits

    C stock price history chart

    Price target for Citi stock

    Nobody can predict how much a share will be priced in the future. Banks and financial organisations post their analysis forecasting how a particular stock will performance in the future.

    Along with buy or sell recommendations, financial institutions release their price predictions based on the stock price action and the company fundamental data. Most of these forecasts follow the release of new financial data by the company, and many times. Again, these estimates are not direct recommendations for small investors and must not be followed blindly.

    The average price target for Citi stock calculated from the table below is $82.63. That is a 16.96% than the last price ($70.65).

    Citi stock price predictions
    Brokerage firmPrice target
    Mar 24th, 2021
    Deutsche Bank Aktiengesellschaft $58.00$66.00
    Mar 29th, 2021
    Edward Jones Not available
    Apr 5th, 2021
    Wolfe Research $76.00
    Apr 7th, 2021
    Barclays $77.00$84.00
    Apr 9th, 2021
    Jefferies Financial Group $75.00$85.00
    Apr 13th, 2021
    Morgan Stanley $81.00$89.00
    Apr 15th, 2021
    Jefferies Financial Group $75.00$85.00
    Apr 16th, 2021
    Argus $74.00$87.00
    Apr 19th, 2021
    Morgan Stanley $81.00$89.00

    Earnings and financials

    Citigroup Inc. ($C) posted earnings of $3.62 per share on April 15, highly upping the analysts consensus estimate of $2.60 per share. This Q1 report represents an earnings surprise of 39.23%. On the contrary, the company said turnover for Q1 was $19.3 billion aligned with the market forecasts.

    In comparing, the EPS for the same quarter last year was $1.05, so posted EPS means a gain of 244.76%. Revenue exploded a 45.77% on an annualized basis in the , from $142.8B to $208.2B last quarter.

    Citi ($C) is posting financial report next July. Market analysts analysts forecast of $2.00, that is a 44.75% less than Q1.

    Citi performance

    C performance compared
    Company1m3m6m
    Citi ($C) -0.90% 12.70% 66.30%

    Important:
    The thoughts expressed in this article are personal and not recommendations for you to buy or sell shares. The author of this article does not have any knowledge of the particular positions of the reader, his or her financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are provided for education motives only

    Citi summary

    Wednesday, April 21st, 2021
    Open$69.13
    Close$70.65
    Day range$68.41 - $70.71
    Previous close$69.79
    Session gain1.23%
    Average true range$1.58
    50d mov avg$70.28
    100d mov avg$65.31
    200d mov avg$56.19
    Earnings dateJuly 13th, 2021

    Frequently asked questions

    What is Citi stock symbol?

    Citigroup Inc. is a public company trading in the US stock market with the C symbol

    Is Citi stock a buy or sell?

    Citi received 9 ratings in the last 30 days: 5 bullish, 0 bearish and 2 neutral.

    Will C go up?

    Citi had different price predictions posted by market analysts in the last month forecasting the target price to $82.63. That is a 16.96% than the last price ($70.65).