Technical Analysis for CIT - Cit Group Inc

Grade Last Price % Change Price Change
C 48.43 1.02% 0.4900
CIT closed up 1.02 percent on Thursday, December 2, 2021, on 42 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
Inside Day Range Contraction 0.00%
Oversold Stochastic Weakness 0.00%
Reversal New Lows Setup Bearish Swing Setup 1.02%
Cup with Handle Other 1.02%
Stochastic Reached Oversold Weakness 1.02%
Multiple of Ten Bearish Other 1.02%
Outside Day Range Expansion 1.02%
Down 3 Days in a Row Weakness 1.02%
Down 4 Days in a Row Weakness 1.02%
Lower Bollinger Band Touch Weakness 1.02%
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 531,433
200-Day Moving Average 51.2620
50-Day Moving Average 51.4688
20-Day Moving Average 50.6140
10-Day Moving Average 50.5600
Average True Range 1.8197
ADX 20.89
+DI 16.6682
-DI 31.0433
Chandelier Exit (Long, 3 ATRs) 48.8209
Chandelier Exit (Short, 3 ATRs) 53.3101
Upper Bollinger Bands 53.6495
Lower Bollinger Band 47.5785
Percent B (%b) 0.14
BandWidth 11.9947
MACD Line -0.5187
MACD Signal Line -0.2548
MACD Histogram -0.2639
Fundamentals Value
Market Cap 4.77 Billion
Num Shares 98.5 Million
EPS 4.75
Price-to-Earnings (P/E) Ratio 10.20
Price-to-Sales 1.42
Price-to-Book 0.65
PEG Ratio 3.48
Dividend 1.40
Dividend Yield 2.89%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 50.5450
Resistance 3 (R3) 50.7000 50.1500 50.1925
Resistance 2 (R2) 50.1500 49.6114 50.0725 50.0749
Resistance 1 (R1) 49.2900 49.2786 49.0150 49.1350 49.9575
Pivot Point 48.7400 48.7400 48.6025 48.6625 48.7400
Support 1 (S1) 47.8800 48.2014 47.6050 47.7250 46.9025
Support 2 (S2) 47.3300 47.8686 47.2525 46.7851
Support 3 (S3) 46.4700 47.3300 46.6675
Support 4 (S4) 46.3150