Citi stock: buy or sell
Jul 29th, 2021
Citi stock brief
- Counting on Wednesday, it's been 3 consecutive sessions in positive for Citi. Price closed on Wednesday at $68.10 after barely changing a 0.18%.
- From the chart point view, price is drawing an scaled downtrend since early June with lower tops and lower bottoms. shares price lost a -15.18% since the downtrend started.
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?
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 the next few days, or that it may not climb 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 good moment to sell and get your benefits. Much like when we have to buy shares, deciding when is the best time to sell is not a fickle decision, and we must follow our own trading strategy. We like very simple setups to guide us on when is a good moment to sell our shares. Be aware that these setups are not intended for selling short Citi stock
A guiding principle is that you should not mantain an open trade that generates greater losses than those expected upon the buy. The moment to sell your stock should always be ruled 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
We don't have any rating published in the previous 30 days for Citi
Citi stock analysis
Citi accumulates a price drop of -15.18% since its latest high early June at $80.29. Like in all downtrends, the stock oscillates drawing lower highs and lows. In this case, we have seen 2 consecutive lower tops.
Supports and resistances
The current resistance levels are:
The current support levels are:
Since the price broke down the lower band on July 19, the price bounced by 5.81%
Relative strength index
The RSI crossed up the oversold line of 30 on July 9 after just being in the oversold zone for a single day (what can be considered a strength sign). The RSI value on Wednesday was 46.1
Citi stock price history
Citi started trading priced at an adjusted price1 of $7.82 on Jan 1977. Since then, C stock surged by 770.84%, with an average of 17.52% per year. If you had invested $1,000USD in Citi stock on Jan 1977, it would be valued $8,708.44 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Citi stock
How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations issue their analysis predicting how a stock will performance in the future.
The following table shows the price forecasts posted by analysts for the last 30 days. Again, these estimates are not direct recommendations for individual traders and should not be trusted blindly.
We don't have any target price posted in the last 4 weeks for Citi.
Earnings and financials
Citi ($C) hosted the financial call and posted the report on July 14. Citi reported earnings of $2.85 per share on revenue of $17.5 billion. The market estimate was $1.96 per share on revenue of $17.2 billion.Same quarter one year ago, reported EPS was $0.50, so current EPS means an improvement of 470.00%. Looking at revenues, figures skyrocketed a 54.46% compared to $120.4B same quarter 12 months ago.
Citi ($C) is posting financial report next October. Wall Street forecasts of $1.80, compared to previous quarter that made $2.85.
Please read:The opinions written in this post are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this document does not have any knowledge of the individual circumstances of the reader, his or her finances 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 Comments are published for informational motives only
|Wednesday, July 28th, 2021|
|Day range||$67.49 - $68.61|
|Average true range||$2.14|
|50d mov avg||$72.40|
|100d mov avg||$72.46|
|200d mov avg||$64.31|
|Earnings date||October 14th, 2021|