Citigroup shares set to deepen losses
C•Technical indicators point to further declines in Citigroup shares after they broke below a trendline drawn from their April 2025 low. A break below support at $124 to $125.50 could open the way to $102 to $104, while a rise above $135 to $136 would cancel the bearish view.
1. Downward signals
Citigroup shares have struggled since peaking in June at their highest level since 2008. The shares broke below an ascending trendline drawn from their April 2025 low, and weekly charts show Bollinger Bands turning lower while MACD and RSI point to downward momentum.
2. Support and resistance
Citigroup closed at $128.07 on Thursday and has recently tested support at $124 to $125.50. If shares break below that area and remain there, they could fall toward support around $119.75 to $120, then $106.50, and potentially $102 to $104. A rise above $135 to $136 would cancel the bearish view.
