Citi stock: buy or sell
Updated on:
Apr 22nd, 2021
2
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
| Brokerage firm | Rating |
|---|---|
| Mar 24th, 2021 | |
| Deutsche Bank Aktiengesellschaft | Neutral |
| Mar 29th, 2021 | |
| Edward Jones | |
| Apr 5th, 2021 | |
| Wolfe Research | |
| Apr 7th, 2021 | |
| Barclays | |
| Apr 9th, 2021 | |
| Jefferies Financial Group | |
| Apr 13th, 2021 | |
| Morgan Stanley | Buy |
| Apr 15th, 2021 | |
| Jefferies Financial Group | |
| Apr 16th, 2021 | |
| Argus | |
| Apr 19th, 2021 | |
| Morgan Stanley | Buy |
Citi stock analysis
SMAs overview
Supports and resistances
The current resistances are:
The current supports are:
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
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%
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
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).
| Brokerage firm | Price 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 $2.00, that is a 44.75% less than Q1.
Citi performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Citi ($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 onlyCiti summary
| Wednesday, April 21st, 2021 | |
|---|---|
| Open | $69.13 |
| Close | $70.65 |
| Day range | $68.41 - $70.71 |
| Previous close | $69.79 |
| Session gain | 1.23% |
| Average true range | $1.58 |
| 50d mov avg | $70.28 |
| 100d mov avg | $65.31 |
| 200d mov avg | $56.19 |
| Earnings date | July 13th, 2021 |