Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
City Group's stock fell in the short term, amid the complete dominance of the main downward trend in the medium and short terms, with negative pressure from the 50-day SMA, recording another loss of 2.36% in the last session, or 1.55 points, with negative signals from the RSI after reaching overbought levels.
Therefore we expect more losses for the stock, targeting the support of 63.18, as long as the resistance of 68.91 holds on.
Expected trend for today: Bearish