Technical Analysis for CIT - Cit Group Inc

Grade Last Price % Change Price Change
A 52.82 0.61% 0.3200
CIT closed up 0.61 percent on Friday, April 16, 2021, on approximately normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent EOD Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent N/A Up Up
Historical CIT trend table...

Date Alert Name Type % Chg
Pocket Pivot Bullish Swing Setup 0.00%
Narrow Range Bar Range Contraction 0.00%
Stochastic Reached Overbought Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
20 DMA Support Bullish 0.61%
Hammer Candlestick Bullish 0.61%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.61%
Outside Day Range Expansion 0.61%
Crossed Above 20 DMA Bullish 2.66%
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 Real Estate Loans Deposit Products Cash Management Capital Market Advisory Services 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 Cit Bank

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 54.68
52 Week Low 18.915
Average Volume 842,430
200-Day Moving Average 0.0000
50-Day Moving Average 48.9614
20-Day Moving Average 51.2265
10-Day Moving Average 51.8600
Average True Range 1.7673
ADX 19.33
+DI 25.9160
-DI 20.5780
Chandelier Exit (Long, 3 ATRs ) 49.3781
Chandelier Exit (Short, 3 ATRs ) 51.9519
Upper Bollinger Band 54.2033
Lower Bollinger Band 48.2497
Percent B (%b) 0.77
BandWidth 11.6221
MACD Line 1.0136
MACD Signal Line 1.1936
MACD Histogram -0.18
Fundamentals Value
Market Cap 5.2 Billion
Num Shares 98.5 Million
EPS 4.75
Price-to-Earnings (P/E) Ratio 11.12
Price-to-Sales 1.42
Price-to-Book 0.65
PEG Ratio 3.48
Dividend 1.40
Dividend Yield 2.65%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 54.0575
Resistance 3 (R3) 54.0567 53.6433 53.8513
Resistance 2 (R2) 53.6433 53.3282 53.6438 53.7824
Resistance 1 (R1) 53.2317 53.1335 53.0250 53.2325 53.7137
Pivot Point 52.8183 52.8183 52.7150 52.8188 52.8183
Support 1 (S1) 52.4067 52.5032 52.2000 52.4075 51.9263
Support 2 (S2) 51.9933 52.3085 51.9938 51.8576
Support 3 (S3) 51.5817 51.9933 51.7888
Support 4 (S4) 51.5825