Technical Analysis for CIT - Cit Group Inc

Grade Last Price % Change Price Change
C 47.75 -1.40% -0.6800
CIT closed down 1.4 percent on Friday, December 3, 2021, on 74 percent of normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down
Historical CIT trend table...

Date Alert Name Type % Chg
Oversold Stochastic Weakness 0.00%
Inside Day Range Contraction -1.40%
Oversold Stochastic Weakness -1.40%
Reversal New Lows Setup Bearish Swing Setup -0.40%
Cup with Handle Other -0.40%
Stochastic Reached Oversold Weakness -0.40%
Multiple of Ten Bearish Other -0.40%
Outside Day Range Expansion -0.40%
Down 3 Days in a Row Weakness -0.40%
Down 4 Days in a Row Weakness -0.40%
Older End-of-Day Signals for CIT ...

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Profile

Cit Group Inc Description

CIT Group Inc. operates as the holding company for CIT Bank, N.A. that provides banking and related services to commercial and individual customers. The company operates through Commercial Banking and Consumer Banking segments. The Commercial Banking segment provides a range of commercial lending, leasing, and deposit products; loans comprising revolving lines of credit, term loans, unsecured loans, collateral-backed loans, asset-based loans, commercial real estate loans, and cash flow loans; and ancillary services and products, including cash management, capital markets, and advisory services primarily to small and middle market companies. This segment also offers asset management, factoring, receivable management, and secured financing services; supply chain financing, leasing and equipment financing to small businesses and middle market, and railroads and shippers. The Consumer Banking segment provides checking, savings, money market, and individual retirement accounts; time deposits and certificates of deposit; residential mortgage loans; small business administration loans; payment solutions; and fiduciary services. The company also offers leasing and advisory, and online banking services. It operates through a network of approximately 60 branches located in southern California. CIT Group Inc. was founded in 1908 and is based in New York, New York.


Classification

Sector: Financial Services
Industry: Banks—Regional
Keywords: Financial Services Bank E Commercial Asset Management Deposit Products Real Estate Loans Cash Management Capital Market Online Banking Services Payment Solutions Ancillary Services Qcr Holdings Fiduciary Secured Loan Fiduciary Services Unsecured Loans Banking And Related Services Receivable Management Cash Flow Loan

Is CIT a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 56.59
52 Week Low 18.915
Average Volume 529,297
200-Day Moving Average 51.2745
50-Day Moving Average 51.3860
20-Day Moving Average 50.4645
10-Day Moving Average 50.3810
Average True Range 1.7997
ADX 21.95
+DI 15.6495
-DI 33.0354
Chandelier Exit (Long, 3 ATRs) 48.8809
Chandelier Exit (Short, 3 ATRs) 52.6091
Upper Bollinger Bands 53.7450
Lower Bollinger Band 47.1840
Percent B (%b) 0.09
BandWidth 13.0012
MACD Line -0.6722
MACD Signal Line -0.3383
MACD Histogram -0.3339
Fundamentals Value
Market Cap 4.7 Billion
Num Shares 98.5 Million
EPS 4.75
Price-to-Earnings (P/E) Ratio 10.05
Price-to-Sales 1.42
Price-to-Book 0.65
PEG Ratio 3.48
Dividend 1.40
Dividend Yield 2.93%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 50.0600
Resistance 3 (R3) 50.1367 49.4433 49.6750
Resistance 2 (R2) 49.4433 48.8551 49.4050 49.5466
Resistance 1 (R1) 48.5967 48.4916 48.2500 48.5200 49.4183
Pivot Point 47.9033 47.9033 47.7300 47.8650 47.9033
Support 1 (S1) 47.0567 47.3151 46.7100 46.9800 46.0817
Support 2 (S2) 46.3633 46.9516 46.3250 45.9534
Support 3 (S3) 45.5167 46.3633 45.8250
Support 4 (S4) 45.4400