Citigroup's ( NYSE:C ) recent earnings report for the first quarter of the year showcased a mixed performance, with profits declining but still surpassing market expectations. The bank reported a 27% decrease in net income compared to the previous year, largely attributed to a $483 million charge associated with CEO Jane Fraser's extensive reorganization...
If you haven`t bought the dip on C Citigroup:
Then analyzing the options chain and the chart patterns of C Citigroup prior to the earnings report this week,
I would consider purchasing the 62.50usd strike price Calls with
an expiration date of 2024-6-21,
for a premium of approximately $2.59.
If these options prove to be profitable prior to the earnings release,...
After an almost 70% run to the upside from its bottom, there has been minimal structure built beneath it.
Bull Case:
We have a give or take 17% potential run to the upsides resistance level.
Bear Case:
Give or take a 20% draw down to major support, I believe this is most likely the case after its 70% run.
On the other hand, these huge banks may get...
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analyhsis
Citi potentially emerging from a 10 week or so consolidation breaking the down slope trendline and with a low risk entry, stop at the low of today. Earnings are not special but fins seem to have a bid at present and Citi one of the better charts (imho).
Citigroup stocks hit highest since March 2022, last up 5% as brokerage Morgan Stanley upgrades NYSE:C to "overweight" from "underweight", as well as NYSE:BAC and NYSE:GS to "overweight" from "equal-weight".
Brokerage sees a rebound in capital markets amid growing signs of an imminent rebound in dealmaking. Also expects regulators to ease the Basel III...
There was an upward breakout after the broadening formations (Right angled and descending). The breakout is nearing the end. Trading the pullback.
Target price:43.13
Stop loss: 58.71
Risk/Reward Ratio: 2.9
Citigroup, one of the largest banks in the United States, is navigating through challenging times as it grapples with a $1.8 billion loss in the fourth quarter of 2023—the worst in 14 years. The bank's CEO, Jane Fraser, announced a bold restructuring plan, including a significant workforce reduction of at least 20,000 jobs, about 10% of its workforce, as part of...
Citigroup is likely done for good. After it dropped below the trend line during August, it did find support and bounce back. But imagine it found great resistance at that same trend line.
Yesterday it created a powerful reversal candle, a huge Gravestone Doji. Also, there is a huge possibility that if today gaps down, it would also represent an even stronger...
falling cycle -11.97% in 9 days.
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This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving averages) and estimate the trend in the next 10 days. The white line is the robot's...
Quick Analysis about C:
Is filling the GAP on the Daily and we the news that they were doing a layoff of a lot of employees that brings more liquidity and the company could see a spike in the share price.
Biggest Resistance around 46 level, but if it breaks we could see the 47s and even the 48s. However if we go back below 44, we could get back to our previous...
CITI is going to go Bankrupt
I will let the chart do the talking but their fundamentals now and since the Great Financial Crisis are in line with the chart projections
Timeframe: between 2030-2035
RIP CITI
If you haven`t bought the dip on Citigroup here:
Then analyzing the options chain and the chart patterns of C Citigroup prior to the earnings report this week,
I would consider purchasing the 41.50usd strike price Calls with
an expiration date of 2023-10-20,
for a premium of approximately $1.06.
If these options prove to be profitable prior to the earnings...
