$Citigroup(C)$ ๐บ๐ ฑ๐๐ ป๐ ป๐ ธ๐๐ ท๐บ
I've opened positions and banking on C in the Financial sector to give me some premium gains.
๐๐ฆ๐๐ฆ๐ Citigroupโs Wild Ride: Ready to Bank on a bigger Breakout? ๐๐ต๐๐ต
Kia ora Tiger traders!
Time to wake up and smell the coffee โ๏ธโ๏ธ, because Citigroup (C) is brewing something big on its chart, and this is the caffeine hit your portfolio has been waiting for! โ๏ธ Letโs dive into whatโs cooking and break down the must-watch signals, trends, and big money moves. Weโre here to bank some wins, so buckle up for this bullish ride! ๐ธ
๐ฅ Technical Breakdown: Bulls Are Gearing Up for Lift-Off!
Our trusty Citigroup chart is showing some next-level action with an epic W-pattern and bullish triangle formation. ๐ These shapes arenโt just eye candy, theyโre signals that Citigroup could be gearing up for a serious breakout. ๐
โข Key Support: $61 (Rock solid foundation ๐งฑ)
โข Resistance: $72 (Get ready to shatter through ๐)
โข Next Target: $75 (Can we say moonshot? ๐)
The chart is also showing a classic cup-and-handle formation, which makes the stock ripe for a breakout. ๐ If youโre not on this rocket, you may find yourself watching Citigroup soar without you! (FOMO alert! ๐ฑ)
โข Current Price: $63.18 (+2.19%) ๐ฅ
Can Citigroup crack through resistance faster than your Monday coffee kicks in? Absolutely, especially as the moving averages align at MA5, MA10, and MA20, signalling strong momentum!
๐ฐ The Earnings Engine: Full Steam Ahead!
While 2024โs YoY growth may have slowed at -2.78%, the forward forecast has Citigroup ramping up with 23.18% growth in 2025 and an even juicier 23.94% by 2026. ๐ So, patience is key here, fellow tradersโitโs a marathon, not a sprint. ๐โโ๏ธ๐จ
EPS Estimates:
โข 2024: 5.823
โข 2025: 7.173
โข 2026: 8.890
And with a forward PE dropping to a bargain 6.96 by 2026, you might just be looking at the steal of the decade! ๐จ Value investors, this oneโs calling your name.
๐ข Analysts Are All In~Hereโs the Scoop:
22 top analysts are all over Citigroup, with an overall consensus to BUYโso you can take that to the bank! ๐ฆ
โข ๐ข Strong Buy: 23%
โข ๐ข Buy: 50%
โข ๐ Hold: 27%
โข ๐ด Sell: 0%
Thatโs right~ZERO sell ratings. The latest from Wolfe Research upgrades Citigroupโs target to $77, maintaining an Outperform rating. So, while some may be holding, smart money is bullish on this one! ๐
๐ Net Interest Margins: Banking on Higher Returns
When it comes to Net Interest Margin (NIM), Citigroupโs staying competitive in a tight race with big players like JPMorgan and Wells Fargo. With interest rates on the rise, NIM should only improve, giving Citigroup the boost it needs for continued profit growth.
โข ๐ข Citigroup NIM: Holding steady and showing promise for Q4 2024.
โข ๐ข Competitors: JPM and WFC also show strength, but Citigroupโs lean valuation makes it a top contender.
๐ Volume Trends & Capital Flow:
Volumeโs ticking up for Citigroup, with a recent session showing 5.55M shares tradedโdefinitely not a stock going unnoticed by institutional investors. ๐ง ๐ผ Hedge fund flows are moving in its favour, signalling smart money is positioning for the breakout weโve been eyeing. ๐ง
๐ธ Capital Flow:
Trending bullish, with hedge funds increasing exposure. Could this be your green light to jump in? ๐ก
๐ฅ Fun Fact to Impress Your Mates:
Did you know Citigroup has weathered over 200 years of financial storms? ๐ช๏ธ Founded in 1812, itโs outlasted everything from the Great Depression to the Financial Crisis of 2008. If thatโs not resilience, I donโt know what is! ๐ช
Key Takeaways:
๐ Citigroupโs technical setup points to a breakout, with bullish chart patterns aligning across the board.
๐ Analysts are overwhelmingly recommending a buy as the stock looks undervalued with strong future growth potential.
๐ NIM trends show Citigroup standing strong among peers, with a positive earnings outlook through 2026.
๐ Institutional money is moving in, so you might want to ride this wave before itโs too late! ๐
Hey Tiger traders, could Citigroup be the stock that carries your portfolio to new heights? Will you cash in on this bullish setup before the market catches on? ๐ค
@TigerGPTwhatโs the secret sauce behind Citigroupโs consistent resilience through turbulent markets?
Happy trading ahead. Cheers, BC ๐
@Daily_Discussion @Tiger_comments @TigerPM @TigerWire @TigerStars @TigerPicks @TigerObserver
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Citigroup (C) is a global financial services company that provides a wide range of banking and financial products and services. Founded in 1812, Citigroup has demonstrated resilience in navigating through various financial storms over more than 200 years.
Business and Industry: Citigroup operates in the financial sector and offers services such as retail banking, investment banking, credit cards, wealth management, and corporate banking. The company operates globally, serving individuals, businesses, and institutions.
Future Growth Potential: According to the earnings forecast, Citigroup is expected to experience positive growth in the coming years. The forecasted EPS (earnings per share) for 2024 is $5.82, and it is expected to grow to $7.17 in 2025 and $8.89 in 2026. The forecasted gross income is $80.90 billion in 2024 and is projected to increase to $82.65 billion in 2025 and $85.62 billion in 2026. The forecasted EBIT (earnings before interest and taxes) is $27.10 billion in 2024 and is expected to reach $29.37 billion in 2025 and $32.26 billion in 2026.
Support and Resistance Prices: The support price for Citigroup as of October 21, 2024, is $58.41, while the resistance price is $65.11.
Capital Flow: The capital flow data for the past 5 days shows fluctuations in the flow of funds. On October 15 and October 16, there were significant outflows, but on October 18, there was a large inflow. On October 21, there was a moderate outflow.
Analyst Recommendation: Analysts have provided recommendations for Citigroup. Out of the analyzed recommendations, there are 5 recommend, 11 buy, and 6 hold recommendations.
Analyst Target Price: According to analysts, the mean target price for Citigroup is $73.21632, with a low estimate of $57.4 and a high estimate of $91.0.
Recent Stock Price: As of October 23, 2024, the stock price of Citigroup is $63.43.
Profiteer Ratio: The profiteer ratio as of October 21, 2024, is 0.8179.
Key Takeaways:
The technical setup for Citigroup indicates a potential breakout, with bullish chart patterns and support levels.
Analysts recommend buying Citigroup, considering it undervalued with strong growth potential.
Citigroup's net interest margin (NIM) trends show strength compared to its peers.
Institutional money has been flowing into Citigroup.
Please note that the above analysis is based on available data and historical trends. It is essential to consider market risks and fluctuations before making investment decisions.
Disclaimer: The above analysis should not be considered as investment advice. Investing in stocks carries inherent risks, and the market can be unpredictable. It is advisable to conduct thorough research and analysis and consult with a financial advisor before making investment decisions.
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