Citi stock: buy or sell

C stock price: $60.91 0.58% At close on Jan 26th, 2021

Updated on:
Jan 27th, 2021

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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

Citi analysts' ratings - Last 30 days
Brokerage firmRating
Jan 4th, 2021
Barclays
Jan 6th, 2021
Daiwa Capital Markets Strong buy
Deutsche Bank Aktiengesellschaft Neutral
Jan 11th, 2021
Piper Sandler Buy
Jan 19th, 2021
Barclays
DA Davidson Strong buy
Royal Bank of Canada Buy
Jan 21st, 2021
Berenberg Bank Strong buyNeutral

Citi stock analysis

SMAs overview

C stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $61.09 (0.30% above)
  • R2: $61.10 (0.31% above)
  • R3: $61.83 (1.51% above)
  • The current supports are:

  • S1: $60.14 (-1.26% below)
  • S2: $59.81 (-1.81% below)
  • S3: $59.39 (-2.50% below)
  • Bollinger bands

    Since the price surpassed the upper band on January 14, the price has corrected downwards by 12.27%

    C stock Bollinger Bands chart

    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%

    C stock RSI chart

    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

    C stock price history chart

    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).

    Citi stock price predictions
    Brokerage firmPrice 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

    C performance compared
    Company1m3m6m
    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 only

    Citi summary

    Tuesday, January 26th, 2021
    Open$61.2
    Close$60.91
    Day range$60.09 - $61.24
    Previous close$60.56
    Session gain0.58%
    Average true range$3.24
    50d mov avg$59.20
    100d mov avg$51.77
    200d mov avg$50.13
    Earnings dateApril 14th, 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 8 ratings in the last 30 days: 4 bullish, 0 bearish and 2 neutral.

    Will C go up?

    Citi had different price predictions posted by market analysts in the last 4 weeks setting the target price to $74.25. That is a 21.90% than the last price ($60.91).