In today’s stock of the day, let’s turn our attention to Citigroup, which is under significant selling pressure and has just hit its lowest levels of 2025. The technical picture is clearly negative and offers little immediate relief for the bulls.
The most striking formation on the chart is a Head and Shoulders pattern, marked with a yellow rectangle. This bearish reversal pattern has been developing for several months, and the neckline—drawn in orange—held strong until recently. This neckline also aligns with a prior resistance zone from July 2024, making the breakout even more technically significant.
The bearish sentiment was further reinforced by the break of the purple uptrend line, which had connected higher lows since October 2023. The fact that both the neckline and the uptrend line were broken simultaneously is a powerful sell signal from a technical perspective.
With these two key supports now breached and the Head and Shoulders pattern fully activated, the sentiment on Citigroup is definitively negative. The next support levels lie further below, and momentum is clearly favoring sellers for now.
A return to bullish territory would only come if the price reclaims the orange neckline and moves back above the broken purple trendline, but as things stand, chances for a swift recovery are limited.