Citigroup, Inc.s stock price (C) edged slightly lower in latest intraday trading, with negative signals streaming from the Stochastic, despite it being in extremely oversold territory exaggerated relative to the stocks movement. The price is now attempting to find a higher bottom that could serve as a launch point for a renewed upward move, supported by ongoing positive pressure from trading above the 50-day SMA, amid the dominance of the main upward trend in the medium term and trading alongside a short-term rising trend line.

Therefore we expect the stock to rise in upcoming trading, as long as it remains above $84.75, targeting the resistance level of $92.65.

Todays price forecast: Bullish