City Groups stock price inched up in the intraday levels, boosted by positive signals from the RSI and touching the resistance of the 50-day SMA, amid the dominance of the downward correctional wave in the short term, while recently hurt by piercing the upward medium-term trend line, as the RSI reached overbought levels.

Therefore we expect the stock to return lower, targeting the important support of $56.75, provided the resistance of $63.90 holds on.

Trend forecast: Likely Bearish