Technical Analysis for CIT - CIT Group Inc (DEL)

Grade Last Price % Change Price Change
grade A 54.14 1.44% 0.77
CIT closed up 1.44 percent on Friday, February 23, 2018, on 58 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. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.
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Trend Table & Recent Alerts
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Up Up Up
See historical CIT trend table...

Date Alert Name Type % Chg
Feb 23 New 52 Week Closing High Bullish 0.00%
Feb 23 180 Bullish Setup Bullish Swing Setup 0.00%
Feb 23 NR7 Range Contraction 0.00%
Feb 23 Upper Bollinger Band Walk Strength 0.00%
Feb 23 Inside Day Range Contraction 0.00%
Feb 23 Wide Bands Range Expansion 0.00%
Feb 23 Overbought Stochastic Strength 0.00%
Feb 22 Bearish Engulfing Bearish 1.44%
Feb 22 Slingshot Bullish Bullish Swing Setup 1.44%
Feb 22 Upper Bollinger Band Walk Strength 1.44%

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.
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: 3 bullish, 0 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 54.77
52 Week Low 39.341
Average Volume 967,599
200-Day Moving Average 48.2376
50-Day Moving Average 51.3034
20-Day Moving Average 51.9515
10-Day Moving Average 52.887
Average True Range 1.2516
ADX 21.16
+DI 21.73
-DI 14.72
Chandelier Exit (Long, 3 ATRs ) 51.0152
Chandelier Exit (Short, 3 ATRs ) 52.9148
Upper Bollinger Band 54.8619
Lower Bollinger Band 49.0411
Percent B (%b) 0.88
BandWidth 11.204296
MACD Line 0.765
MACD Signal Line 0.5052
MACD Histogram 0.2598
Fundamentals Value
Market Cap 7.33 Billion
Num Shares 135 Million
EPS -3.42
Price-to-Earnings (P/E) Ratio -15.83
Price-to-Sales 2.97
Price-to-Book 0.91
PEG Ratio 3.36
Dividend 0.64
Dividend Yield 1.18%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 55.24
Resistance 3 (R3) 55.14 54.68 55.05
Resistance 2 (R2) 54.68 54.40 54.73 54.99
Resistance 1 (R1) 54.41 54.23 54.55 54.51 54.93
Pivot Point 53.95 53.95 54.02 54.00 53.95
Support 1 (S1) 53.68 53.67 53.82 53.78 53.35
Support 2 (S2) 53.22 53.50 53.27 53.29
Support 3 (S3) 52.95 53.22 53.23
Support 4 (S4) 53.05