Technical Analysis of Citibank (C)
1. Trend Overview
• The stock is in an uptrend, making higher highs and higher lows on the weekly chart.
• It recently hit $76.64, breaking past previous resistance.
2. Moving Averages (MA) Analysis
• MA5 (Short-term): $71.74 (bullish crossover above other MAs)
• MA10 & MA20: $71.13 and $66.87, supporting the bullish momentum.
• MA30 & MA60: $65.42 and $61.29, showing a strong medium- to long-term trend.
• Price is trading above all moving averages, confirming strong bullish sentiment.
3. Bollinger Bands (BB) Analysis
• Upper Band (UPR): $82.06 → Suggests potential resistance near this level.
• Middle BB (BBIBOLL): $70.16 → Acts as a key support level.
• Lower Band (DWN): $58.26 → Major support, unlikely to be tested soon.
• Price is near the upper Bollinger Band, meaning it’s approaching overbought conditions. A small pullback might happen, but the trend remains strong.
4. Key Resistance & Support Levels
• Resistance: $79.94 (next major target if momentum continues).
• Support: $71.42 (if a pullback happens, this would be a key area to watch).
How I Earn from Citibank’s Quarterly Dividend
• Dividend Yield: Citibank pays $0.53 per share per quarter.
• Annual Dividend: $0.53 × 4 = $2.12 per share per year.
• Yield Calculation: At a stock price of $76.64, the yield is ~2.76%.
Ways I Maximize Dividend Income
1. Dividend Reinvestment Plan (DRIP): I reinvest dividends into new shares to compound growth.
2. Selling Covered Calls: Since I own 100+ shares, I sell covered calls to generate extra income while holding for dividends.
3. Buying on Dips: I accumulate shares at strong support levels to increase my yield on cost.
Strategy Going Forward
• Bullish Case: If price breaks $76.64, it could head toward $79.94 and beyond.
• Bearish Case: If a pullback happens, I expect support at $71.42 or the MA20 around $66.87.
Since I am already earning $0.53 per quarter, holding for both capital appreciation and dividends looks like a solid strategy$Citigroup(C)$ @CaptainTiger
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.
Much appreciation on your openness of your trading strategies and Best of luck with your future trades!
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