See how the Rectangle is playing out for CFG. View live chart.
Sideways movement between parallel supports.
Bullish continuation pattern.
Reversal pattern. Price likely to break downwards.
Bullish continuation if preceding move was up.
Gradual reversal from bearish to bullish.
Technical analysis of Citizens Financial Group (CFG) reveals a significant setup. The stock is trading at $71.88, up 0.11% on the day. The primary technical feature is a Bullish Flag formation. The trend indicator is reading 1.6/100, suggesting moderate momentum. A potential breakout level is identified at $74.7, targeting $89.65 with support near $70.7 (R:R 3.74).
What is your outlook on CFG?