Based on the provided data and current market conditions, here's the analysis for Citigroup (C) stock for next week:
Technical Analysis
The stock is showing strong momentum with RSI at 76.02, indicating overbought conditions . Key technical levels:
News Sentiment Analysis Recent news indicates mixed but generally positive sentiment:
Price Target Analysis Wall Street analysts maintain a positive outlook:
Next Week's Price Prediction Based on technical indicators and news sentiment:
Trading Recommendation: SELL Rationale:
Optimal entry for short positions: $82.00-$82.50 Stop loss: $84.60 (above R2) First target: $79.50 Second target: $77.30 (pivot point)
The price of C is predicted to go up -5.35%, based on the high correlation periods with MLM. The similarity of these two price pattern on the periods is 98.4%.
C
MLM
Year
C Price Forecast($)
Potential Return(%)
2025
85.000
19.720
2026
85.000
19.720
2027
0.000
0.000
2029
95.000
30.600
2030
120.000
64.970
Citigroup is in the middle of a strategic repositioning, making major moves such as spinning off its consumer business in Mexico and reinvesting in commercial banking and wealth. Citigroup may finally emerge as a structurally improved franchise.
Simplifying the business and selling off noncore units should help Citigroup free up extra capital and derisk the business, which should lead to an opportunity for share repurchases and a lower required discount rate.
Citigroup's stock is not expensive, trading at far less than tangible book value. This is not a high hurdle to clear.
Morgan Stanley
Price Target
$104 → $109
Upside
+38.84%
Evercore ISI Group
Price Target
$69 → $79
Upside
+0.62%
Piper Sandler
Price Target
$80 → $83
Upside
+5.72%