City Group climbs in positive zone - Analysis - 18-01-2019

Economies.com
2019-01-18 13:27PM UTC

City Group's stock rose 0.45% in the last session, or 0.28 points, while settling above the support of 61.86, representing the ratio 50% of Fibonacci retracement levels for a descending wave in the short term (from 75.23 to 48.49), with positive support from the 50-day SMA, countered with negative signals from the RSI in an attempt to vent off overbought saturation. 

 

Therefore we expect more gains for the stock, as long as it settles above 61.86, targeting the next resistance at 65.01, which represents the ratio 61.8% of the same retracement levels. 

 

Expected trend for today: Bullish 

Stocks Technical Analysis

United States Analysis

Stocks

Uber price tries to gather positive momentum - Forecast today - 27-03-2024
2024-03-27 10:56AM UTC
Uber Technologies’ stock price fell in the intraday levels while gathering momentum to rise ...
United States Analysis

Stocks

United Airlines price tries to regain footing - Forecast today - 27-03-2024
2024-03-27 10:55AM UTC
United Airlines Holdings’ stock (UAL) rose in the intraday levels, amid the dominance of the ...
United States Analysis

Stocks

Boeing price amid negative outlook - Forecast today - 27-03-2024
2024-03-27 10:55AM UTC
Boeing Company’s stock (BA) fell in the intraday levels, amid the dominance of the downward ...