A Point Investors Can’t Afford To Forget: Citigroup Inc. (C), Etsy, Inc. (ETSY)

C trading volume has lost -7008398 shares compared to readings over the past three months as it recently exchanged 14331602 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 21340000 shares, and this is 0.67 times the normal volume. A look at its technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 56.42 point.

Citigroup Inc. (NYSE:C) dipped by -7.54% over the past three months which led to its overall six-month decrease to stand at -10.8%. The equity price sank -1.79% this week, a trend that has led to both investors and traders taking note of the stock. A look at its monthly performance shows that its shares have recorded a 10.55% gain over the past 30 days. Over the past 12 months the stock has embarked on a drop that has seen it decline -14.94% and is now up by 20.38% since start of this year.

The shares of Citigroup Inc. dropped by -20.08% or -$15.75 from its last recorded high of $78.42 which it attained on February 21 to close at $62.67 per share. Over the past 52 weeks, the shares of Citigroup Inc. has been trading as low as $48.42 before witnessing a massive surge by 29.43% or $14.25. This price movement has led to the C stock receiving more attention and has become one to watch out for. It jumped by 1.72% on Tuesday and this got the market excited. The stock’s beta now stands at 1.7 and when compared to its 200-day moving average and its 50-day moving average, C price stands -5.71% below and 6.61% above respectively. Its average daily volatility for this week is 2.09% which is less than the 2.26% recorded over the past month.

Experts from research firms are bullish about the near-term performance of Citigroup Inc. (C) with most of them predicting a $76.73 price target on a short-term (12 months) basis. The average price target by the analysts will see a 22.43% rise in the stock and would lead to C’s market cap to surge to $189.52B. The stock has been rated an average 2, which roughly stands towards the bullish end of the spectrum. Reuters looked into the 30 analysts that track Citigroup Inc. (NYSE:C) and find out that 5 of them rated it as a Hold. 24 of the 25 analysts rated it as a Buy or a Strong Buy while 1 advised investors to desist from buying the stock or sell it if they already possess it.

The price of Etsy, Inc. (NASDAQ:ETSY) currently stands at $55.83 after it went up by $2.68 or 5.04% and has found a strong support at $54.51 a share. If the ETSY price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $53.19 mark would also be bad for the stock as it means that the stock would plunge by 4.73% from its current position. However, if the stock price is able to trade above the resistance point around $56.49, then it could likely surge higher to try and break the upward resistance which stands at $57.15 a share. Its average daily volatility over the past one month stands at 4.2%. The stock has plunged by 3.55% from its 52-weeks high of $53.85 which it reached on May. 02, 2019. In general, it is 67.06% above its 52-weeks lowest point which stands at $18.39 and this setback was observed on Feb. 13, 2018.

Analysts have predicted a price target for Etsy, Inc. (ETSY) for 1 year and it stands at an average $57.46/share. This means that it would likely increase by 2.92% from its current position. The current price of the stock has been moving between $53.85 and $55.83. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $49. On the other hand, one analyst is super bullish about the price, setting a target as high as $70.

Analysts view Etsy, Inc. (NASDAQ:ETSY) as a Hold, with 2.1 consensus rating. Reuters surveyed 13 analysts that follow ETSY and found that 4 of those analysts rated the stock as a Hold. The remaining 9 were divided, with 9 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Etsy, Inc. (ETSY) shares or sell it if they already own it.