FIFTH THIRD BANCORP

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Type:	Stocks
Ticker:	FITB
ISIN:

FIFTH THIRD BANCORP - Daily - Technical analysis published on 04/05/2024 (GMT)

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

17%

39%

44%

My opinion

Bullish above 32.50 USD

My targets

38.22 USD (+8.39%)

41.20 USD (+16.85%)

My analysis

Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 32.50 USD remains possible. It is advisable to trade FIFTH THIRD BANCORP with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 32.50 USD. The next bullish objective for buyers is set at 38.22 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 41.20 USD. If there is any crossing, the next objective would be the resistance located at 45.91 USD. PS: if there is a bearish break in the support located at 32.50 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

1.8

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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Additional analysis

Quotes

The FIFTH THIRD BANCORP rating is 35.26 USD. The price is lower by -0.06% since the last closing and was traded between 34.99 USD and 35.54 USD over the period. The price is currently at +0.77% from its lowest and -0.79% from its highest.

34.99

35.54

35.26

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:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of FIFTH THIRD BANCORP in Daily shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily

The probability of a further decline is low given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Support of channel is broken

Type : Bearish

Timeframe : Daily

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	28.23	29.67	32.50	35.26	35.69	38.22	41.20
Change (%)	-19.94%	-15.85%	-7.83%	-	+1.22%	+8.39%	+16.85%
Change	-7.03	-5.59	-2.76	-	+0.43	+2.96	+5.94
Level	Minor	Minor	Intermediate	-	Major	Minor	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	47.79
MACD (12,26,9):	0.3200
Directional Movement:	-2.55
AROON (14):	57.15
DEMA (21):	36.21
Parabolic SAR (0,02-0,02-0,2):	37.37
Elder Ray (13):	-0.58
Super Trend (3,10):	34.52
Zig ZAG (10):	35.25
VORTEX (21):	0.9500
Stochastique (14,3,5):	30.98
TEMA (21):	36.07
Williams %R (14):	-76.68
Chande Momentum Oscillator (20):	0.15
Repulse (5,40,3):	-3.2200
ROCnROLL:	-1
TRIX (15,9):	0.2100
Courbe Coppock:	1.63

MA7:	36.14
MA20:	35.93
MA50:	34.69
MA100:	33.02
MAexp7:	35.79
MAexp20:	35.70
MAexp50:	34.75
MAexp100:	32.93
Price / MA7:	-2.43%
Price / MA20:	-1.86%
Price / MA50:	+1.64%
Price / MA100:	+6.78%
Price / MAexp7:	-1.48%
Price / MAexp20:	-1.23%
Price / MAexp50:	+1.47%
Price / MAexp100:	+7.08%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

Don't forget to follow the news on FIFTH THIRD BANCORP. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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