1
Citigroup stock price (NYSE: C) faced rejection from $43.00 and hit a 52-week low.
2
C stock price is in a downtrend and trading below both the EMAs.
3
The share price of Citigroup Inc. continues the downfall.
Citigroup stock price (NYSE: C) fell approximately 12% from the recent swing high and formed a bearish pattern. It faced strong rejection from $43.00 and investors reacted negatively after the release of earnings.
C stock price continues to trade below the 50-day and 200-day EMA showcase downtrend.
Previously, buyers tried multiple times to climb above the 50-day EMA to reverse the short-term trend. But sellers were active and took the pullback as an opportunity to create fresh shorts.
Citigroup Inc. released the previous quarter earnings on October 13, 2023. It reported an EPS of $1.63 and revenue of $20.139 Billion. The company beats the EPS as well as revenue estimates by 32.88% and 4.50% respectively.
Despite that, the
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