FIFTH THIRD BANCORP DEPOSITARY SHARE RE - 1H - Technical analysis published on 02/13/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 25.69 USD
My targets
25.28 USD (-0.86%)
25.15 USD (-1.37%)
My analysis
FIFTH THIRD BANCORP DEPOSITARY SHARE RE is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 25.69 USD. The next support located at 25.28 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 25.15 USD.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
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 rating is 25.50 USD. The price registered a decrease of -0.39% on the session and was traded between 25.40 USD and 25.57 USD over the period. The price is currently at +0.39% from its lowest and -0.27% from its highest.25.40
25.57
25.50
Here is a more detailed summary of the historical variations registered by FIFTH THIRD BANCORP DEPOSITARY SHARE RE:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of FIFTH THIRD BANCORP DEPOSITARY SHARE RE in 1H shows an overall bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 5 are neutral and 8 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is under support 1
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
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 25.28 | 25.39 | 25.50 | 25.50 | 25.69 | 26.95 | 27.70 |
| Change (%) | -0.86% | -0.43% | 0% | - | +0.75% | +5.69% | +8.63% |
| Change | -0.22 | -0.11 | 0 | - | +0.19 | +1.45 | +2.20 |
| Level | Minor | Major | Minor | - | Intermediate | Minor | 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 | 25.40 | 25.45 | 25.53 | 25.58 | 25.66 | 25.71 | 25.79 |
| Camarilla | 25.56 | 25.58 | 25.59 | 25.60 | 25.61 | 25.62 | 25.64 |
| Woodie | 25.41 | 25.46 | 25.54 | 25.59 | 25.67 | 25.72 | 25.80 |
| Fibonacci | 25.45 | 25.50 | 25.53 | 25.58 | 25.63 | 25.66 | 25.71 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.23 | 25.35 | 25.47 | 25.59 | 25.71 | 25.83 | 25.95 |
| Camarilla | 25.53 | 25.56 | 25.58 | 25.60 | 25.62 | 25.64 | 25.67 |
| Woodie | 25.24 | 25.35 | 25.48 | 25.59 | 25.72 | 25.83 | 25.96 |
| Fibonacci | 25.35 | 25.44 | 25.50 | 25.59 | 25.68 | 25.74 | 25.83 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.54 | 24.79 | 25.21 | 25.46 | 25.88 | 26.13 | 26.55 |
| Camarilla | 25.45 | 25.51 | 25.57 | 25.63 | 25.69 | 25.75 | 25.81 |
| Woodie | 24.63 | 24.83 | 25.30 | 25.50 | 25.97 | 26.17 | 26.64 |
| Fibonacci | 24.79 | 25.05 | 25.20 | 25.46 | 25.72 | 25.87 | 26.13 |
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): | 46.33 | |
| MACD (12,26,9): | -0.0400 | |
| Directional Movement: | -7.18 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 25.49 | |
| Parabolic SAR (0,02-0,02-0,2): | 25.56 | |
| Elder Ray (13): | -0.06 | |
| Super Trend (3,10): | 25.67 | |
| Zig ZAG (10): | 25.50 | |
| VORTEX (21): | 0.7000 | |
| Stochastique (14,3,5): | 23.69 | |
| TEMA (21): | 25.46 | |
| Williams %R (14): | -58.08 | |
| Chande Momentum Oscillator (20): | -0.06 | |
| Repulse (5,40,3): | 0.2500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.99 |
| MA7: | 25.57 | |
| MA20: | 25.54 | |
| MA50: | 25.34 | |
| MA100: | 24.96 | |
| MAexp7: | 25.49 | |
| MAexp20: | 25.53 | |
| MAexp50: | 25.56 | |
| MAexp100: | 25.54 | |
| Price / MA7: | -0.27% | |
| Price / MA20: | -0.16% | |
| Price / MA50: | +0.63% | |
| Price / MA100: | +2.16% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | -0.12% | |
| Price / MAexp50: | -0.23% | |
| Price / MAexp100: | -0.16% |
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.
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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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