Technical Analysis for CIT - CIT Group Inc (DEL)

Grade Last Price % Change Price Change
grade C 45.3 -3.62% -1.70
CIT closed down 1.96 percent on Friday, February 21, 2020, on 54 percent of normal volume. It was able to bounce off of its 200 day moving average, an important long-term support line.

Trend Table & Recent Signals

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

Date Alert Name Type % Chg
Fell Below 20 DMA Bearish -3.62%
200 DMA Support Bullish -3.62%
20 DMA Support Bullish -5.51%
Crossed Above 20 DMA Bullish -3.98%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -3.98%
Narrow Range Bar Range Contraction -3.98%
Inside Day Range Contraction -3.98%
Fell Below 20 DMA Bearish -3.33%
MACD Bearish Signal Line Cross Bearish -3.33%
200 DMA Support Bullish -3.33%

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Profile

CIT Group Inc. operates as the holding company for CIT bank that provides commercial financing and leasing products, as well as deposit products and savings accounts. The company operates through five segments: Corporate Finance, Transportation Finance, Trade Finance, Vendor Finance, and Consumer. The Corporate Finance segment offers lending, leasing, and other financial and advisory services to small and middle-market companies across various industries, including commercial and industrial, communications, media and entertainment, healthcare, and energy. The Transportation Finance segment provides aircraft and railcar, leasing and financing solutions to operators and suppliers in the aviation and North American rail car industries. This segment also offers lending and other financial products and services to companies in the transportation sector, such as business aircraft, maritime, and aerospace and defense industries. The Trade Finance segment provides a range of local and international customized credit protection, lending, and outsourcing services that include working capital and term loans, factoring, receivable management products, bulk purchases of accounts receivable, import and export financing, and letter of credit programs to retail supply chain companies. The Vendor Finance segment partners with manufacturers, distributors, and product resellers to deliver financing and leasing solutions to end-user customers. The Consumer segment offers government-guaranteed student loan portfolios, which are in run-off. The company also provides account receivables collection, acquisition and expansion financing, asset management, credit protection, financial risk management, import and export financing, letters of credit, insurance, and mergers and acquisition advisory, as well as debt restructuring, underwriting, and syndication services. CIT Group Inc. was founded in 1908 and is based in New York, New York.
Energy Bank Deposit Products Healthcare Aerospace Financial Products Asset Management Accounts Receivable Ge Capital Factoring Financial Risk Management Transportation Sector Working Capital Management Cit Group Financial And Advisory Services Siemens Financial Services

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 54.02
52 Week Low 40.34
Average Volume 1,429,025
200-Day Moving Average 46.65
50-Day Moving Average 46.30
20-Day Moving Average 47.11
10-Day Moving Average 47.31
Average True Range 1.08
ADX 15.77
+DI 26.27
-DI 20.90
Chandelier Exit (Long, 3 ATRs ) 45.72
Chandelier Exit (Short, 3 ATRs ) 48.17
Upper Bollinger Band 48.81
Lower Bollinger Band 45.41
Percent B (%b) 0.47
BandWidth 7.21
MACD Line 0.36
MACD Signal Line 0.42
MACD Histogram -0.0616
Fundamentals Value
Market Cap 6.37 Billion
Num Shares 135 Million
EPS -3.42
Price-to-Earnings (P/E) Ratio -13.74
Price-to-Sales 2.97
Price-to-Book 0.91
PEG Ratio 3.36
Dividend 0.64
Dividend Yield 1.36%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 48.48
Resistance 3 (R3) 48.52 48.07 48.23
Resistance 2 (R2) 48.07 47.69 48.05 48.15
Resistance 1 (R1) 47.54 47.46 47.31 47.49 48.07
Pivot Point 47.09 47.09 46.97 47.06 47.09
Support 1 (S1) 46.55 46.71 46.33 46.51 45.93
Support 2 (S2) 46.10 46.48 46.08 45.85
Support 3 (S3) 45.57 46.10 45.77
Support 4 (S4) 45.52