Best ways to trade: Citizens Financial Group, Inc.

Ticker: CFG
Asset type: Stocks
Last updated: Saturday, March 02, 2024 at 08:00 AM

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How easy it is to trade Citizens Financial Group, Inc.

Let’s start with a general overview of the asset to understand how it has performed in the past. This section compares how the traders perform, analyzing those we monitor. The most critical data are the max return from the best trader, how many are profitable, and our score, which measures how much is easy compared to other assets of the same type.

Traders results for Citizens Financial Group, Inc. (CFG)
WTT easy score
5/5
This indicator expresses how easy it was to trade in the last week

Let’s analyze the details of what happened:

Active Traders
44 of 3840
Traders still trading this asset

How many traders are trading Citizens Financial Group, Inc.?

The strategies of 3840 traders are under continuous monitoring. On 02-03-2024, 44 traders were found trading Citizens Financial Group, Inc.. This indicates that Citizens Financial Group, Inc. is a less popular asset.
All time return
31.73%
Highest return between our traders

What was the best return trading Citizens Financial Group, Inc.?

Out of 44 traders analysed, the highest return we observe is 31.73% on Citizens Financial Group, Inc..
Profitable traders
46.34%
How many are profitable

How many traders are profittable day trading Citizens Financial Group, Inc.?

At the moment 46.34% of the traders are creating some profit from their strategies.
Best Trading Strategy
Momentum
The most effective trading strategy

Which day trading strategy is the most efective for Citizens Financial Group, Inc.?

In the last period Momentum has been the most effective trading strategy.

If you don’t know what a trading strategy is, please check the training section(Trading Strategies).

Traders attitude
risk-on
Traders attitude in the last 7 days

What is the opinion of traders on the value of Citizens Financial Group, Inc.?

The current attitude of the investors regarding the asset is risk-on.

Best trading strategy for Citizens Financial Group, Inc. (BETA)

In this section, we are going to detail the trading strategy that is currently the most effective. Please refer to the training (trading strategies) section for more information. This strategy is created by analyzing thousands of strategies and combining the best features to form a new, optimized approach. We advise that this new feature is currently in BETA testing phase (Hazel AI system). Please be aware of its experimental nature and potential for unexpected issues or limited functionality.

Strategy Class
Momentum
Current best
Annual return
0.86%
Estimated of the annual return
Time scale
1m
Current best
Win Trades
0
% win trades
Num trades
47
Trades executed
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Pine script is a system created by TradingView to backtest trading strategies and create custom indicators.

 

Let’s analyze the details of the strategy: 

Indicators

Explore the following key trading indicators that can help analyze price movements and guide trading decisions for Citizens Financial Group, Inc..
MACD
12/26/9
First indicator

Best lagging indicator for Citizens Financial Group, Inc.

 The first indicator is the most important for a strategy; what you find here are the parameters that must be used operationally.

RSI
4/20/70
Second indicator

Best leading indicator for Citizens Financial Group, Inc.

 The second indicator is also quite important for a strategy; Using two technical indicators in a strategy provides more confirmation and reduces false signals, leading to improved decision-making and potentially higher accuracy in identifying market trends and entry/exit points.

Macro Indicator
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Best macro indicator for Citizens Financial Group, Inc.

The third indicator focus on economic, financial, or geopolitical factors that impact asset prices. Fundamental indicators may include interest rates, economic growth, earnings reports, and news events. 

Entry point strategy

Discover potential entry points for Citizens Financial Group, Inc..
Main entry strategy
RSI < 20 and MACD > signal
The current best strategy for entry

Technical indicator entry strategy for Citizens Financial Group, Inc.

When combining indicators in a trading strategy for entry points, one approach is to look for convergence or agreement between multiple indicators. For example, if both the moving average crossover and the relative strength index (RSI) indicate a bullish signal, it strengthens the likelihood of a successful trade. This convergence provides more confidence in the entry point and increases the probability of a favorable outcome.

Other entry strategy
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Other entry strategy for Citizens Financial Group, Inc.

Available only in the premium version.

Alerts to monitor
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Alerts to monitor for Citizens Financial Group, Inc.

Available only in the premium version.

Exit point strategy

Discover potential exit points for Citizens Financial Group, Inc..
Main exit strategy
RSI > 70 and MACD < signal
The current best strategy for exit

Best exit strategy for Citizens Financial Group, Inc.

here you can find the detail for Implement an effective exit strategy for Citizens Financial Group, Inc..
Alerts to monitor
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Alerts to monitor for Citizens Financial Group, Inc.

Available only in the premium version.

Trading guide for Citizens Financial Group, Inc.

WTT score
5/5
We will analyze the conditions for the trading of Citizens Financial Group, Inc., focusing on key aspects such as trading ease, price volatility, and the current market trend. Citizens Financial Group, Inc. can be traded with minimal friction by investors. The Citizens Financial Group, Inc. is witnessing a sharp increase in value, signaling a bull market. The Citizens Financial Group, Inc. is subject to sharp and frequent price changes. Considering the factors discussed above, it’s apparent that it is highly advised to trade Citizens Financial Group, Inc..
Pro
– Potential windfall gains in an extremely turbulent market.

– The market’s vigorous uptrend signals an opportune moment for capitalizing on bullish momentum.

Cons
– Extremely volatile markets can be detrimental to risk-averse investors.

– Sharp upward trends could signal overvalued market conditions.

Trend analysis

This section lists the main factor or risks of trading this product. Like the previous insights, we use data from our traders to analyze the risk factor of the asset. The most crucial point is how many traders are in green; a percentage below 20% indicates an investment that is very difficult to trade. 

Trend analysis for Citizens Financial Group, Inc. (CFG)

Market regimes are periods of persistent market conditions. They affect the relevance of investment factors and the success of trading strategies. 

How long the situation will stay similar for Citizens Financial Group, Inc.?

In this section discusses whether market conditions will persist for Citizens Financial Group, Inc..The current market sentiment is risk on. Over the past few weeks, the market has experienced an oscillation of 0.52 points, exhibiting a upward trend over 37876 periods. This is indicative of a market regime with considerable longevity. The market has exhibited substantial price fluctuations, indicating positive momentum and potential opportunities for investors.
How long is lasting?
59 Days
The number of days this trend is lasting

How long this trend is lasting for Citizens Financial Group, Inc.?

Alerts and risk factors

These are factors that can potentially change the perception of the stock. These factors can lead to a change in the regime. Please refer to the training section for more information.

Risk factor 1

Headline Risk
Type: News

What is the main risk factor for Citizens Financial Group, Inc.?

Risk factor 2

Reputation risk
Type: News

What is the second most important factor for Citizens Financial Group, Inc.?

Go Premium to see the alerts for Citizens Financial Group, Inc..

Brookers

Selecting the right broker is crucial in trading. This decision hinges on various criteria, including regional accessibility, cost-effectiveness, and compliance with local regulations. In this list, we present a concise, expert-curated list of brokers widely utilized by our seasoned traders to help you make an informed selection that aligns with your trading objectives.

Used by 32%
Exness
Used by 19%
Used by 9%
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