Technical Analysis for CIT - CIT Group Inc (DEL)

Grade Last Price % Change Price Change
B 52.31 0.56% 0.29
CIT closed up 0.56 percent on Friday, April 9, 2021, on 67 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions.
Earnings due: Apr 19
*** please verify all earnings dates ***

Trend Table & Recent EOD Signals

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

Date Alert Name Type % Chg
Bollinger Band Squeeze Range Contraction 0.00%
NR7 Range Contraction 0.00%
Up 3 Days in a Row Strength 0.00%
20 DMA Support Bullish 0.56%
Bollinger Band Squeeze Range Contraction 0.56%
20 DMA Support Bullish 1.38%
Hammer Candlestick Bullish 1.38%
180 Bullish Setup Bullish Swing Setup 1.38%
Bollinger Band Squeeze Range Contraction 1.38%
Bollinger Band Squeeze Range Contraction 1.51%
Older End-of-Day Signals for CIT ...

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Profile

CIT Group Inc (DEL) Description

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.


Classification

Sector: Financial Services
Industry: Banks - Regional - US
Keywords: Bank Deposit Products Aerospace Financial Products Asset Management Receivables Student Loan Trade Finance Factoring Railcar Accounts Receivable Rail Car Transportation Sector Financial Risk Management Working Capital Management Ge Capital Receivable Management Syndication Services Working Capital Cit Group Financial And Advisory Services Transportation Finance Vendor Finance

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 12.31
Average Volume 784,056
200-Day Moving Average 31.95
50-Day Moving Average 47.61
20-Day Moving Average 51.42
10-Day Moving Average 51.91
Average True Range 1.79
ADX 20.22
+DI 26.41
-DI 20.08
Chandelier Exit (Long, 3 ATRs ) 49.31
Chandelier Exit (Short, 3 ATRs ) 52.02
Upper Bollinger Band 54.48
Lower Bollinger Band 48.35
Percent B (%b) 0.65
BandWidth 11.94
MACD Line 1.16
MACD Signal Line 1.32
MACD Histogram -0.1641
Fundamentals Value
Market Cap 5.15 Billion
Num Shares 98.5 Million
EPS 4.75
Price-to-Earnings (P/E) Ratio 11.01
Price-to-Sales 1.42
Price-to-Book 0.65
PEG Ratio 3.48
Dividend 1.40
Dividend Yield 2.68%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 53.74
Resistance 3 (R3) 53.66 53.09 53.50
Resistance 2 (R2) 53.09 52.73 53.14 53.42
Resistance 1 (R1) 52.70 52.50 52.42 52.79 53.34
Pivot Point 52.14 52.14 52.00 52.18 52.14
Support 1 (S1) 51.75 51.77 51.47 51.83 51.28
Support 2 (S2) 51.18 51.55 51.23 51.20
Support 3 (S3) 50.79 51.18 51.12
Support 4 (S4) 50.88