FIFTH THIRD BANCORP - 1H - Technical analysis published on 04/05/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 35.69 USD
My targets
34.58 USD (-1.85%)
34.16 USD (-3.04%)
My analysis
In the short term, we can see an acceleration in the bearish trend on FIFTH THIRD BANCORP, which is a positive signal for sellers. As long as the price remains above 35.69 USD, a sale could be considered. The first bearish objective is located at 34.58 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 34.16 USD as an objective. Crossing it would then enable sellers to target 33.15 USD. If the price were to return above 35.69 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
5.9
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Additional analysis
Quotes
FIFTH THIRD BANCORP rating 35.23 USD. The price is lower by -0.14% since the last closing and was between 34.99 USD and 35.43 USD. This implies that the price is at +0.69% from its lowest and at -0.56% from its highest.34.99
35.43
35.23
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of FIFTH THIRD BANCORP indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
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
Support of channel is broken
Type : Bearish
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 | 33.15 | 34.16 | 34.58 | 35.23 | 35.69 | 37.00 | 37.41 |
Change (%) | -5.90% | -3.04% | -1.85% | - | +1.31% | +5.02% | +6.19% |
Change | -2.08 | -1.07 | -0.65 | - | +0.46 | +1.77 | +2.18 |
Level | Minor | Minor | Major | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 33.56 | 34.38 | 34.83 | 35.65 | 36.10 | 36.92 | 37.37 |
Camarilla | 34.93 | 35.05 | 35.16 | 35.28 | 35.40 | 35.51 | 35.63 |
Woodie | 33.38 | 34.29 | 34.65 | 35.56 | 35.92 | 36.83 | 37.19 |
Fibonacci | 34.38 | 34.87 | 35.17 | 35.65 | 36.14 | 36.44 | 36.92 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 34.39 | 35.04 | 36.12 | 36.77 | 37.85 | 38.50 | 39.58 |
Camarilla | 36.73 | 36.89 | 37.05 | 37.21 | 37.37 | 37.53 | 37.69 |
Woodie | 34.62 | 35.15 | 36.35 | 36.88 | 38.08 | 38.61 | 39.81 |
Fibonacci | 35.04 | 35.70 | 36.11 | 36.77 | 37.43 | 37.84 | 38.50 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 30.18 | 31.66 | 34.44 | 35.92 | 38.70 | 40.18 | 42.96 |
Camarilla | 36.04 | 36.43 | 36.82 | 37.21 | 37.60 | 37.99 | 38.38 |
Woodie | 30.82 | 31.99 | 35.08 | 36.25 | 39.34 | 40.51 | 43.60 |
Fibonacci | 31.66 | 33.29 | 34.30 | 35.92 | 37.55 | 38.56 | 40.18 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
RSI (14): | 30.42 | |
MACD (12,26,9): | -0.2600 | |
Directional Movement: | -26.54 | |
AROON (14): | -50.00 | |
DEMA (21): | 35.54 | |
Parabolic SAR (0,02-0,02-0,2): | 36.32 | |
Elder Ray (13): | -0.57 | |
Super Trend (3,10): | 35.95 | |
Zig ZAG (10): | 35.20 | |
VORTEX (21): | 0.7100 | |
Stochastique (14,3,5): | 9.51 | |
TEMA (21): | 35.33 | |
Williams %R (14): | -85.81 | |
Chande Momentum Oscillator (20): | -0.77 | |
Repulse (5,40,3): | -0.8000 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0700 | |
Courbe Coppock: | 2.91 |
MA7: | 36.14 | |
MA20: | 35.93 | |
MA50: | 34.69 | |
MA100: | 33.02 | |
MAexp7: | 35.50 | |
MAexp20: | 35.85 | |
MAexp50: | 36.05 | |
MAexp100: | 35.94 | |
Price / MA7: | -2.52% | |
Price / MA20: | -1.95% | |
Price / MA50: | +1.56% | |
Price / MA100: | +6.69% | |
Price / MAexp7: | -0.76% | |
Price / MAexp20: | -1.73% | |
Price / MAexp50: | -2.27% | |
Price / MAexp100: | -1.98% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on FIFTH THIRD BANCORP at the time of the analysis were as follows:
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Fifth Third Bancorp - FITB
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Fifth Third Bancorp - FITB
- ROSEN, A LEADING LAW FIRM, Encourages Fifth Third Bancorp Investors to Inquire About Securities Class Action Investigation - FITB
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Fifth Third Bancorp - FITB
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Fifth Third Bancorp - FITB
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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