Is Citigroup Inc. (NYSE:C) Investing Its Way Into A Muddle?

Citigroup Inc. (NYSE:C) fell by -3.43% in Thursday’s trading session from $74.94 to $72.37 and has now fallen 6 consecutive sessions. The price has fallen in 6 of the last 10 days and is down by -0.39% over the same course of time. Volume has increased in Thursday’s trading session by 21.61 million shares, but on a weak note. This is may be an early warning and the risk will be increased slightly for the next couple of days. In total, 40.05 M shares exchanged hands for about $2 898.50 million.

Inside C’s Recent Trend

Citigroup Inc. (C) lies in the middle of a wide and strong rising trend in the short term and issued considerable signs about additional rally. Short-term traders are predicted to see a rally of 10.69% over the course of a quarter and, with 90% chance the price will be floating in the range of $76.31 and $84.46 in this timeframe.

Citigroup Inc. Technical Signals

C has witnessed its short term MA triggering a sell signal. Meanwhile, however, the long-term average has generated a buy signal. When the short-run moving average rises above its longer-term trend, a buy signal is created. This is because a short-run moving average that crosses its long-run moving average counterpart is seen as the initiation of an upward trend. On additional rally, the share price will meet short term resistance at around $74.76. On a drop, the stock is likely to find some support over the long run, which begins at $70.67. A buy signal will be generated if it crosses above the short term moving average. Meanwhile, however, a price crossing below the long term moving average will generate a sell signal.

Citigroup Inc. (NYSE:C) Support And Resistance Levels

Citigroup Inc. (C) recorded volume accumulation so there will probably be a surplus of buyers at $69.04. In case of gains, the next resistance from accumulated volume will not be far away from today’s level at $74.94, $75.64 and $75.72.

Accumulated volume is going to prevent the price from rising further at $74.94 and this action will lead the price to take a temporary pause or stay muted for a few days.

Citigroup Inc. (C) Risk Assessment

The number of shares changed hands in the stock is good, indicating the interest and low risk associated with it. In the most recent session, the stock price hovered around $3.87 (5.35%) between intraday high and intraday low. Each day in the past 1 week, the average volatility remained at 1.95%.

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