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FIFTH THIRD BANCORP DEPOSITARY SHARE RE
FIFTH THIRD BANCORP DEPOSITARY SHARE RE
- USD (-)
- 15 min delayed data - NASDAQ Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: FITBI
ISIN:

FIFTH THIRD BANCORP DEPOSITARY SHARE RE - 1H - Technical analysis published on 07/26/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Bullish
Underlying: Strongly bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 25.94 USD
My targets
26.30 USD (+0.73%)
27.04 USD (+3.56%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on FIFTH THIRD BANCORP DEPOSITARY SHARE RE as long as the price remains well above 25.94 USD. The buyers' bullish objective is set at 26.30 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 27.04 USD. If there is any crossing, the next objective would be the resistance located at 29.50 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

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
6.8

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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Daily Weekly

Additional analysis

Quotes

The FIFTH THIRD BANCORP DEPOSITARY SHARE RE rating is 26.11 USD. The price registered a decrease of -0.08% on the session and was traded between 26.07 USD and 26.22 USD over the period. The price is currently at +0.15% from its lowest and -0.42% from its highest.

26.07
26.22
26.11

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of FIFTH THIRD BANCORP DEPOSITARY SHARE RE indicates that the overall trend is strongly bullish. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Central Indicators

Moving Average bearish crossovers : MA20 & MA50

Type : Bearish

Timeframe : 1 hour



Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 25.65 25.75 25.94 26.11 26.30 27.04 29.50
Change (%) -1.76% -1.38% -0.65% - +0.73% +3.56% +12.98%
Change -0.46 -0.36 -0.17 - +0.19 +0.93 +3.39
Level Minor Intermediate Intermediate - Intermediate 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
Standard25.9025.9526.0426.0926.1826.2326.32
Camarilla26.0926.1026.1226.1326.1426.1626.17
Woodie25.9225.9626.0626.1026.2026.2426.34
Fibonacci25.9526.0026.0426.0926.1426.1826.23


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard25.3325.5125.8526.0326.3726.5526.89
Camarilla26.0426.0926.1326.1826.2326.2826.32
Woodie25.4025.5525.9226.0726.4426.5926.96
Fibonacci25.5125.7125.8426.0326.2326.3626.55


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard24.4924.7725.0725.3525.6525.9326.23
Camarilla25.2025.2525.3125.3625.4125.4725.52
Woodie24.4924.7825.0725.3625.6525.9426.23
Fibonacci24.7725.0025.1325.3525.5825.7125.93

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): 53.86
MACD (12,26,9): 0.0300
Directional Movement: 4.79
AROON (14): 64.29
DEMA (21): 26.12
Parabolic SAR (0,02-0,02-0,2): 26.05
Elder Ray (13): 0.02
Super Trend (3,10): 25.96
Zig ZAG (10): 26.11
VORTEX (21): 1.0000
Stochastique (14,3,5): 55.86
TEMA (21): 26.13
Williams %R (14): -45.83
Chande Momentum Oscillator (20): 0.03
Repulse (5,40,3): -0.3600
ROCnROLL: 1
TRIX (15,9): 0.0100
Courbe Coppock: 0.95
MA7: 26.09
MA20: 25.83
MA50: 25.47
MA100: 25.12
MAexp7: 26.12
MAexp20: 26.09
MAexp50: 26.03
MAexp100: 25.91
Price / MA7: +0.08%
Price / MA20: +1.08%
Price / MA50: +2.51%
Price / MA100: +3.94%
Price / MAexp7: -0.04%
Price / MAexp20: +0.08%
Price / MAexp50: +0.31%
Price / MAexp100: +0.77%

Quotes : - 15 min delayed data - NASDAQ Stocks

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

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