FIFTH THIRD BANCORP DEPOSITARY SHARE RE - Daily - Technical analysis published on 09/05/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 28.06 USD
My targets
28.40 USD (+0.07%)
29.26 USD (+3.10%)
My analysis
FIFTH THIRD BANCORP DEPOSITARY SHARE RE is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 28.06 USD. The next resistance located at 28.40 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 29.26 USD. After this resistance, buyers could then target 30.56 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The FIFTH THIRD BANCORP DEPOSITARY SHARE RE price is 28.38 USD. On the day, this instrument gained +0.60% and was traded between 28.14 USD and 28.38 USD over the period. The price is currently at +0.85% from its lowest and 0% from its highest.28.14
28.38
28.38
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this FIFTH THIRD BANCORP DEPOSITARY SHARE RE chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Near resistance of channel
Type : Bearish
Timeframe : Daily
Near resistance of triangle
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 26.95 | 27.57 | 28.06 | 28.38 | 28.40 | 29.26 | 30.56 |
| Change (%) | -5.04% | -2.85% | -1.13% | - | +0.07% | +3.10% | +7.68% |
| Change | -1.43 | -0.81 | -0.32 | - | +0.02 | +0.88 | +2.18 |
| Level | Minor | Intermediate | Intermediate | - | Major | Intermediate | Intermediate |
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 | 27.90 | 28.00 | 28.11 | 28.21 | 28.32 | 28.42 | 28.53 |
| Camarilla | 28.15 | 28.17 | 28.19 | 28.21 | 28.23 | 28.25 | 28.27 |
| Woodie | 27.90 | 28.00 | 28.11 | 28.21 | 28.32 | 28.42 | 28.53 |
| Fibonacci | 28.00 | 28.08 | 28.13 | 28.21 | 28.29 | 28.34 | 28.42 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.60 | 27.84 | 27.99 | 28.23 | 28.38 | 28.62 | 28.77 |
| Camarilla | 28.04 | 28.08 | 28.11 | 28.15 | 28.19 | 28.22 | 28.26 |
| Woodie | 27.57 | 27.82 | 27.96 | 28.21 | 28.35 | 28.60 | 28.74 |
| Fibonacci | 27.84 | 27.99 | 28.08 | 28.23 | 28.38 | 28.47 | 28.62 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.34 | 27.64 | 27.89 | 28.19 | 28.44 | 28.74 | 28.99 |
| Camarilla | 28.00 | 28.05 | 28.10 | 28.15 | 28.20 | 28.25 | 28.30 |
| Woodie | 27.33 | 27.63 | 27.88 | 28.18 | 28.43 | 28.73 | 28.98 |
| Fibonacci | 27.64 | 27.85 | 27.98 | 28.19 | 28.40 | 28.53 | 28.74 |
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): | 57.21 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 7.31 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 28.27 | |
| Parabolic SAR (0,02-0,02-0,2): | 28.44 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 28.57 | |
| Zig ZAG (10): | 28.38 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 48.20 | |
| TEMA (21): | 28.25 | |
| Williams %R (14): | -19.05 | |
| Chande Momentum Oscillator (20): | 0.08 | |
| Repulse (5,40,3): | 0.3100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.15 |
| MA7: | 28.25 | |
| MA20: | 28.25 | |
| MA50: | 28.16 | |
| MA100: | 28.12 | |
| MAexp7: | 28.26 | |
| MAexp20: | 28.24 | |
| MAexp50: | 28.19 | |
| MAexp100: | 28.06 | |
| Price / MA7: | +0.46% | |
| Price / MA20: | +0.46% | |
| Price / MA50: | +0.78% | |
| Price / MA100: | +0.92% | |
| Price / MAexp7: | +0.42% | |
| Price / MAexp20: | +0.50% | |
| Price / MAexp50: | +0.67% | |
| Price / MAexp100: | +1.14% |
This member declared not having a position on this financial instrument or a related financial instrument.
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