C trade ideas
Citigroup going to town. CShort term only. NFA
Goals 66, 69. Invalidation at 57.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
CITI GROUP FORECAST MEDIUM TERMHello,
Citigroup currently trading at ($59.23) is trading below our estimate of fair value ($77.38). I however set a target of USD 92.42. earnings are expected to be released in the next few days (14th April 2022) for the period ended March 2022.
I still continue to look closely the impact of the banking system being used as a weapon of war in the Russia-ukraine crisis.
Also key to look at is the impact of the global commodities rising on the banking stocks.
Good luck.
Rectangle TopThis has broken to the downside after violating the bottom trendline of the rectangle.
Target possible listed below but is getting close to the 100% fall from the rectangle. The width of the rectangle is used to project targets. It is a guesstimate only. Price can fall further or less than the 100% mark.
A bear flag formed before the break of the bottom trendline of the rectangle which represents support until broken. It is now resistance.
C broke the bottom trendline on the 5th touch. Bullish candle today.
No recommendation
C Citigroup Long IdeaCitigroup recently broke through swing high AVWAP implying a nice chance for more upside.
I'm in May 70/75 Debit Spreads here to play any run up to ER as well.
Looking for a move similar to AUG price action .
Rejection at AVWAP invalidates the trade . Emergency FED meeting and rate headwinds, along with Russia and Covid - keeping positions small and respect stop losses !
$C - Breaking outCitigroup has had some management and policy errors (IMO) over the last several years but this consolidation has been going on for a long time. This is always nice to see and you can have a stop around $60-65 depending on risk. I think if it drops back to 65 it will continue lower so not a bad stop. GLL
This is not intended as a recommendation to buy or sell. It is for informational purposes only.
$C with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $C after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 100%.
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Citigroup Is Seen to Have an 18% Upside PotentialJPMorgan, Citigroup and Wells Fargo are going to publish their quarterly earnings reports on Friday.JPMorgan’s Earnings per share (EPS) is expected to be at $3.03 and its revenue is forecasted to be $29.89 billion.
Wells Fargo is expected to report EPS at $1.12 and revenue at $18.9 billion, while Citigroup is seen to report EPS at $1.38, and revenue at $16.75 billion.According to Refinitive polls the strongest upside potential is expected to be seen from the Citigroup stocks at $80.47 per share, or with an uprise of 18.72% of the current prices.
Let’s look closer at the technical incentives of this possible spike. Firstly, stocks are moving within the upward trend that started in March 2020, and the last time this trend line has reached was at the end of 2021. The recent upside wave started on December 20, 2021.
However, the upside potential at the moment is limited by the resistance line of the junior downside trend from February 2021. This junior trend was approached by the price from the downside for the fourth time. This increases the chances of a possible breakthrough. Once successful, if the price surpasses the $68.70-69.00 area, it would lead the price to the previous highs at $80-83 per share. The last time Citigroup stock prices were located at $80.29 and at $80.70 was in June 2021 and January 2018 respectively. The all-time high for the stock prices was established at $83.11 in January 2020.
So, technically there are no reasons to stop the climb after stock prices would break above $69.00 per share. However, even the ongoing attempt of a breakthrough would be less successful this time so Citigroup stocks should not be left behind, as they may perform a short downside correction to $64.50-65.00 to the crossing of the EMA21 and EMA55 moving averages on the daily chart. From this zone buy operations could be resumed as the next attempt of an upside breakthrough could finally succeed.
Citigroup - BULLISH - BUYAn easy one here Citigroup profits in the market environments = stock goes up simple.
NYSE:C
BMV:C
BCBA:C
NYSE:C/PK
MOEX:C-RM
GLOBALPRIME:C.NYSE
XETR:TRVC
NYSE:C/PN
BMFBOVESPA:CTGP34
NYSE:C/PJ
SWB:TRVC
BCBA:C.D
SIX:C
SIX:C.USD
LSIN:0R01
BVL:C
BCS:C
EUREX:CITG1!
EUREX:CITG2!
EUREX:CITGF2022
EUREX:CITGG2022
BVC:C
BER:TRVC
MUN:TRVC
EURONEXT:2CIT
HKEX:11287
C trade Opportunity C is sitting right on top of the downtrend on the 6 month chart and has 4 gaps to fill below. Rsi is oversold and macd also looks bearish. Personally i would scalp the first gap from 63.5 to 63.1 and just hold some runners to see if the downtrend continues to fill more gaps below.
Citi - A Conservative InvestmentReally interesting while all banks are doing great, and there is this sole company that lagged so much behind everyone, including the banking sector ETF: XLF.
Because of that, I think it's a good idea to research a little bit about Citi. So based on statistics, given a 99% level of confidence, Citi is clearly sharing a similar pattern as XLF, but less gain, more loss.
While examining the PE ratio, I noticed it was almost as close as the 2020 low. From the trend perspective, it looks like a descending wedge in my opinion, and with earnings coming, I think it's a good idea to start watching this stock.
As it fell to the lower edge of the wedge, I am more optimistic about its outlook and am aiming for a target price of 63(conservative), and 68ish for a more aggressive move. I see the banking industry doesn't pay that well, but I personally believe the "expected return" ratio would be higher compared to the tech sector, as there really isn't too much risk involved at all.
- By Qtaro
Citigroup seems to be going down again in the foreseeable futureFor now it looks like Citigroup will be going down back down to it's long-term uptrend line in the near future. For now the graph does not look very complicated to be honest. If you have any questions or feedback (whether it's negative or positive) you can always let me know!
