FIFTH THIRD BANCORP - 1H - Technical analysis published on 07/20/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
39%
11%
50%
My opinion
Bullish above 33.80 USD
My targets
35.33 USD (+2.14%)
37.28 USD (+7.78%)
My analysis
The bullish trend is currently very strong on FIFTH THIRD BANCORP. As long as the price remains above the support at 33.80 USD, you could try to benefit from the boom. The first bullish objective is located at 35.33 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 37.28 USD as an objective. Crossing it would then enable buyers to target 38.31 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.6
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Additional analysis
Quotes
The FIFTH THIRD BANCORP rating is 34.59 USD. The price registered a decrease of -0.23% on the session with the lowest point at 34.15 USD and the highest point at 34.97 USD. The deviation from the price is +1.29% for the low point and -1.09% for the high point.34.15
34.97
34.59
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of FIFTH THIRD BANCORP indicates that the overall trend is strongly bullish. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bullish signal.
The Central Indicators scanner found this result concerning these indicators:
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 31.80 | 32.72 | 33.80 | 34.59 | 35.33 | 37.28 | 38.31 |
| Change (%) | -8.07% | -5.41% | -2.28% | - | +2.14% | +7.78% | +10.75% |
| Change | -2.79 | -1.87 | -0.79 | - | +0.74 | +2.69 | +3.72 |
| Level | Minor | Intermediate | Major | - | Intermediate | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 33.67 | 33.98 | 34.33 | 34.64 | 34.99 | 35.30 | 35.65 |
| Camarilla | 34.49 | 34.55 | 34.61 | 34.67 | 34.73 | 34.79 | 34.85 |
| Woodie | 33.68 | 33.99 | 34.34 | 34.65 | 35.00 | 35.31 | 35.66 |
| Fibonacci | 33.98 | 34.24 | 34.39 | 34.64 | 34.90 | 35.05 | 35.30 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29.75 | 30.77 | 32.26 | 33.28 | 34.77 | 35.79 | 37.28 |
| Camarilla | 33.05 | 33.28 | 33.51 | 33.74 | 33.97 | 34.20 | 34.43 |
| Woodie | 29.98 | 30.89 | 32.49 | 33.40 | 35.00 | 35.91 | 37.51 |
| Fibonacci | 30.77 | 31.73 | 32.33 | 33.28 | 34.24 | 34.84 | 35.79 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.69 | 28.12 | 30.86 | 35.29 | 38.03 | 42.46 | 45.20 |
| Camarilla | 31.63 | 32.29 | 32.94 | 33.60 | 34.26 | 34.92 | 35.57 |
| Woodie | 22.85 | 27.70 | 30.02 | 34.87 | 37.19 | 42.04 | 44.36 |
| Fibonacci | 28.12 | 30.86 | 32.55 | 35.29 | 38.03 | 39.72 | 42.46 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 56.74 | |
| MACD (12,26,9): | 0.2500 | |
| Directional Movement: | 4.02 | |
| AROON (14): | 57.15 | |
| DEMA (21): | 34.66 | |
| Parabolic SAR (0,02-0,02-0,2): | 34.92 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 33.84 | |
| Zig ZAG (10): | 34.52 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 56.40 | |
| TEMA (21): | 34.73 | |
| Williams %R (14): | -32.25 | |
| Chande Momentum Oscillator (20): | -0.05 | |
| Repulse (5,40,3): | 0.4700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1400 | |
| Courbe Coppock: | 2.33 |
| MA7: | 33.64 | |
| MA20: | 33.84 | |
| MA50: | 35.40 | |
| MA100: | 38.70 | |
| MAexp7: | 34.47 | |
| MAexp20: | 34.30 | |
| MAexp50: | 33.94 | |
| MAexp100: | 33.97 | |
| Price / MA7: | +2.82% | |
| Price / MA20: | +2.22% | |
| Price / MA50: | -2.29% | |
| Price / MA100: | -10.62% | |
| Price / MAexp7: | +0.35% | |
| Price / MAexp20: | +0.85% | |
| Price / MAexp50: | +1.92% | |
| Price / MAexp100: | +1.83% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on FIFTH THIRD BANCORP at the time of the generation of this analysis was as follows:
- Fifth Third Receives Top Score on Disability Equality Index
- Fifth Third Bank Named a 2022 National Top Workplace in the Financial Services Industry by Energage
- Fifth Third Sets $100 Billion Environmental and Social Finance Target through 2030
- Fifth Third Bank Employees, Customers Provide More Than 8.4 Million Meals for Those in Need
- Fifth Third Releases Stress Capital Buffer Requirement
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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