Citigroup Technical Analysis (NYSE:C)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The C stock chart pattern can give those who understand technical analysis an indication of which way C stock is headed, but cannot predict with 100% certainty as to what can happen to the Citigroup stock price.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Citigroup. Technical analysis uses an approach for Citigroup stock analysis that does not care for the fair value of a company but uses price and volume data only.
Citigroup Moving Average
Moving averages help predict the price direction of C stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Citigroup are mostly signals of long term trends and will help long term traders.
Citigroup Bollinger Bands
Bollinger bands comprise of a center line usually C SMA, and two C stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the lower band in the context of Citigroup bollinger bands.
Citigroup Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Citigroup MACD indicator can be used to identify bullish and bearish trends for the stock.
Citigroup Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. The relative strength index of C stock is 48.92.