CitiGroup rises alongside upward trend line - Analysis - 27-07-2023

Citigroup's stock (C) rose in the intraday levels amid positive pressure from the 50-day SMA, while trading alongside the upward short-term trend line, marking a fresh profit of 0.85% in the last session, or 40 cents, and settling at 47.49, with negative signals from the RSI after reaching overbought levels, curbing recent gains.

We expect the stock to rise and target the first resistance at 49.40, provided the support of 45.70 holds on.

Expected trend for today: Bullish