Technical Analysis for CIT - CIT Group Inc (DEL)

Grade Last Price % Change Price Change
grade D 46.12 -3.96% -1.90
CIT closed down 3.96 percent on Friday, March 22, 2019, on 1.35 times normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Strong Down Down Down
See historical CIT trend table...

Date Alert Name Type % Chg
Mar 22 Fell Below 50 DMA Bearish 0.00%
Mar 22 MACD Bearish Centerline Cross Bearish 0.00%
Mar 22 Lower Bollinger Band Walk Weakness 0.00%
Mar 22 Stochastic Reached Oversold Weakness 0.00%
Mar 22 Below Lower BB Weakness 0.00%
Mar 22 Down 3 Days in a Row Weakness 0.00%
Mar 22 Down 4 Days in a Row Weakness 0.00%
Mar 22 Gapped Down Weakness 0.00%
Mar 22 Lower Bollinger Band Touch Weakness 0.00%
Mar 22 Oversold Stochastic Weakness 0.00%

Older signals for CIT ...

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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 Financial Risk Management Ge Capital Factoring Transportation Sector Working Capital Management 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
Summary: Counts: 0 bullish, 4 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 55.78
52 Week Low 35.5
Average Volume 989,103
200-Day Moving Average 48.8389
50-Day Moving Average 47.8772
20-Day Moving Average 49.8115
10-Day Moving Average 49.232
Average True Range 1.1159
ADX 29.56
+DI 17.6243
-DI 37.2395
Chandelier Exit (Long, 3 ATRs ) 48.4723
Chandelier Exit (Short, 3 ATRs ) 48.9377
Upper Bollinger Band 52.4171
Lower Bollinger Band 47.2059
Percent B (%b) -0.21
BandWidth 10.461841
MACD Line -0.0602
MACD Signal Line 0.4861
MACD Histogram -0.5463
Fundamentals Value
Market Cap 6.25 Billion
Num Shares 135 Million
EPS -3.42
Price-to-Earnings (P/E) Ratio -13.49
Price-to-Sales 2.97
Price-to-Book 0.91
PEG Ratio 3.36
Dividend 0.64
Dividend Yield 1.39%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 49.00
Resistance 3 (R3) 49.14 48.33 48.52
Resistance 2 (R2) 48.33 47.59 48.26 48.36
Resistance 1 (R1) 47.22 47.14 46.82 47.08 48.20
Pivot Point 46.41 46.41 46.20 46.34 46.41
Support 1 (S1) 45.30 45.67 44.90 45.16 44.04
Support 2 (S2) 44.49 45.22 44.42 43.88
Support 3 (S3) 43.38 44.49 43.72
Support 4 (S4) 43.24