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Citigroup Technical Analysis - Citigroup Trading: 2022-03-04
Citigroup Technical Analysis Summary
Below 55.9
Sell Stop
Above 61.8
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Sell |
| Donchian Channel | Sell |
| MA(200) | Sell |
| Fractals | Sell |
| Parabolic SAR | Sell |
Citigroup Chart Analysis
Citigroup Technical Analysis
The technical analysis of the Citigroup stock price chart on daily timeframe shows #S-C, Daily has breached below Fibonacci 38.2 support level after an unsuccessful test of the 200-day moving average MA(200) which is tilted down. We believe the bearish momentum will continue after the price breaches below the lower boundary of Donchian channel at 55.9. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 61.8. After placing the order, the stop loss is to be moved every day to the next fractal high, following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (61.8) without reaching the order (55.9), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Stocks - Citigroup
Citigroup stock fell after the bank revealed the scope of its business exposure to Russia. Will the Citigroup stock price continue retreating?
Citigroup is looking to reduce its exposure to Russian assets using hedging and other strategies. The bank revealed on Monday its total exposure to Russia amounted to nearly $10 billion at the end of last year. Citi stock closed 4.4% on day Monday. Citigroup is attempting to sell its Russian consumer business and Russian state bank VTB Bank was the only publicly named buyer. However, the VTB Bank is the subject of US sanctions. According to various stress scenarios the potential loss could be a little less than half of the nearly $10 billion exposure on the high, bank’s executives said on Wednesday. Lower expected revenues are bearish for stock price.
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