Resistance

Daily

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>C stock price showed a downtrend and slipped below the 20-day EMA.</a> </li> 
 <li> <span>2</span> <a>Buyers are losing strength and have been cautious over the past sessions.</a> </li> 
</ul> 
<p>Citigroup stock (NYSE: C) is in a downtrend and is close to the demand zone near $40. Moreover, the technicals are showing that bulls are in trouble and unwinding their long positions. In contrast, sellers persisted in making short positions, signaling the stock’s sentimental behavior for the upcoming sessions. C stock price is trading below the significant moving averages and below the mid-Bollinger band. Furthermore, bears could probably break the immediate swing of $40, extending the selling pressure. Otherwise, a bounce toward the trendline of $45 can be anticipated.</p> 
<p>Citigroup stock price has shown a range breakdown and is trading below the cluster of $50, suggesting that past sessions witnessed selling pressure. Furthermore, the price action indicates that C stock is now at a make-or-break level, where if it sustains near $40, a reversal can be seen. Otherwise, a massive dip toward $30 can be anticipated.</p> 
<p>At press time, C stock price is trading at $40.59 with an intraday gain of 0.12%, showing neutrality on the charts. Moreover, the trading volume remained at 11.908 Million, and the market cap was $78.164 Billion. However, Analysts maintained a neutral rating with a yearly target price of $54.00, suggesting a decent upside for the following sessions.</p> 
<p>Citigroup, Inc. is a holding company that engages in the provision of financial products and services. It operates through the following segments: Global Consumer Banking, Institutional Clients Group, and Corporate and Other.</p> 
<p>The Global Consumer Banking segment provides traditional banking services to retail customers through retail banking, including commercial banking, Citi-branded cards, and Citi retail services. The Institutional Clients Group segment provides corporate, institutional, public sector, and high-net-worth clients worldwide with a full range of wholesale banking products and services.</p> 
<h2 class="wp-block-heading" id="strong-daily-charts-shows-bears-dominance-strong"><strong>Daily Charts Shows Bears Dominance</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" loading="lazy" width="1600" height="725" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-310.png" alt="CitiGroup Stock Price Analysis: Bulls In Trouble, More Dip Ahead?" class="wp-image-167230" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-310.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-310-300x136.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-310-1024x464.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-310-768x348.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-310-1536x696.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-310-750x340.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-310-1140x517.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   Source: C Stock Price Chart At TradingView
  </figcaption>
 </figure>
</div> 
<p>On the daily charts, C stock price shows a range breakdown and faced selling pressure for the past sessions. Moreover, C stock is now headed toward the strong demand zone of $40, a make-or-break level to be watched for in the following sessions.</p> 
<p>However, bulls are persistent, and after the healthy correction, technicals are suggesting a rebound. Investors are looking forward to making long positions.</p> 
<p>The RSI curve stayed in the oversold region and showed a bearish divergence, indicating selling pressure for the past sessions.&nbsp;</p> 
<p>The MACD shows a bullish crossover and indicates that a fresh rebound is near registering in the following sessions.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p><a href="https://www.thecoinrepublic.com/2023/08/16/citigroup-stock-price-declines-10-in-a-month-will-it-continue/" target="_blank" rel="noreferrer noopener">Citigroup stock price </a>shows selling pressure and is trading below the significant moving averages for the past sessions. Moreover, the price action shows bear dominance and suggests a follow-on selling toward $35, which can be seen if the price breaks below $40. Furthermore, the chart structure suggests a negative outlook for the upcoming sessions due to the stock’s underperformance over the past months.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support Levels: $40 and $35</p> 
<p>Resistance Levels: $45 and $50</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author or any people named in this article are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.</p>

CitiGroup Stock Price Analysis: Bulls In Trouble, More Dip Ahead?

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