FIFTH THIRD BANCORP DEPOSITARY SHARE RE - Daily - Technical analysis published on 11/22/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
44%
6%
50%
My opinion
Bullish above 24.21 USD
My targets
25.64 USD (+2.64%)
26.73 USD (+7.01%)
My analysis
A bullish trend on FIFTH THIRD BANCORP DEPOSITARY SHARE RE both in substance and in the short term. A purchase could be considered as long as the price remains above 24.21 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 25.64 USD. Then the price could move towards 26.73 USD. Then 28.79 USD by extension. Be careful, a return below 24.21 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The FIFTH THIRD BANCORP DEPOSITARY SHARE RE price is 24.98 USD. The price is lower by -0.04% since the last closing with the lowest point at 24.92 USD and the highest point at 25.08 USD. The deviation from the price is +0.24% for the low point and -0.40% for the high point.24.92
25.08
24.98
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of FIFTH THIRD BANCORP DEPOSITARY SHARE RE indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : Daily
The probability of a further increase is slight given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
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:
Near resistance of triangle
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 22.83 | 23.41 | 24.21 | 24.98 | 25.13 | 25.64 | 26.73 |
| Change (%) | -8.61% | -6.29% | -3.08% | - | +0.60% | +2.64% | +7.01% |
| Change | -2.15 | -1.57 | -0.77 | - | +0.15 | +0.66 | +1.75 |
| Level | Minor | Intermediate | Major | - | Major | Major | Intermediate |
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 | 24.85 | 24.90 | 24.94 | 24.99 | 25.03 | 25.08 | 25.12 |
| Camarilla | 24.97 | 24.97 | 24.98 | 24.99 | 25.00 | 25.01 | 25.02 |
| Woodie | 24.86 | 24.90 | 24.95 | 24.99 | 25.04 | 25.08 | 25.13 |
| Fibonacci | 24.90 | 24.93 | 24.95 | 24.99 | 25.02 | 25.04 | 25.08 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.54 | 24.72 | 24.89 | 25.07 | 25.24 | 25.42 | 25.59 |
| Camarilla | 24.95 | 24.99 | 25.02 | 25.05 | 25.08 | 25.11 | 25.15 |
| Woodie | 24.53 | 24.72 | 24.88 | 25.07 | 25.23 | 25.42 | 25.58 |
| Fibonacci | 24.72 | 24.86 | 24.94 | 25.07 | 25.21 | 25.29 | 25.42 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.30 | 23.20 | 23.79 | 24.69 | 25.28 | 26.18 | 26.77 |
| Camarilla | 23.96 | 24.10 | 24.23 | 24.37 | 24.51 | 24.64 | 24.78 |
| Woodie | 22.14 | 23.12 | 23.63 | 24.61 | 25.12 | 26.10 | 26.61 |
| Fibonacci | 23.20 | 23.77 | 24.12 | 24.69 | 25.26 | 25.61 | 26.18 |
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): | 53.13 | |
| MACD (12,26,9): | 0.0400 | |
| Directional Movement: | 0.49 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 24.98 | |
| Parabolic SAR (0,02-0,02-0,2): | 24.66 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 25.19 | |
| Zig ZAG (10): | 25.01 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 53.24 | |
| TEMA (21): | 25.05 | |
| Williams %R (14): | -57.50 | |
| Chande Momentum Oscillator (20): | 0.04 | |
| Repulse (5,40,3): | -0.0800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 2.79 |
| MA7: | 25.02 | |
| MA20: | 24.86 | |
| MA50: | 25.01 | |
| MA100: | 25.00 | |
| MAexp7: | 25.00 | |
| MAexp20: | 24.95 | |
| MAexp50: | 24.94 | |
| MAexp100: | 24.85 | |
| Price / MA7: | -0.16% | |
| Price / MA20: | +0.48% | |
| Price / MA50: | -0.12% | |
| Price / MA100: | -0.08% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | +0.16% | |
| Price / MAexp100: | +0.52% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
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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