FIFTH THIRD BANCORP

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Change:	-
Volume:	-

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Type:	Stocks
Ticker:	FITB
ISIN:

FIFTH THIRD BANCORP - Daily - Technical analysis published on 11/14/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

89%

11%

My opinion

Bullish above 25.29 USD

My targets

27.79 USD (+3.58%)

28.85 USD (+7.53%)

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 as long as the price remains well above 25.29 USD. The buyers' bullish objective is set at 27.79 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 28.85 USD. If there is any crossing, the next objective would be the resistance located at 31.70 USD.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

6.8

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 26.83 USD. On the day, this instrument gained +6.85% and was traded between 25.94 USD and 27.06 USD over the period. The price is currently at +3.43% from its lowest and -0.85% from its highest.

25.94

27.06

26.83

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Opening Gap UP

Type : Bullish

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:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of FIFTH THIRD BANCORP in Daily shows an overall bullish trend. The signals returned by the moving averages are 71.43% bullish. This bullish trend is reinforced 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 100

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Upside gap

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	22.63	23.98	25.29	26.83	27.79	28.85	31.70
Change (%)	-15.65%	-10.62%	-5.74%	-	+3.58%	+7.53%	+18.15%
Change	-4.20	-2.85	-1.54	-	+0.96	+2.02	+4.87
Level	Major	Major	Major	-	Major	Intermediate	Minor

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	24.35	24.52	24.82	24.99	25.29	25.46	25.76
Camarilla	24.98	25.02	25.07	25.11	25.15	25.20	25.24
Woodie	24.41	24.55	24.88	25.02	25.35	25.49	25.82
Fibonacci	24.52	24.70	24.81	24.99	25.17	25.28	25.46

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	22.28	23.45	24.26	25.43	26.24	27.41	28.22
Camarilla	24.52	24.70	24.88	25.06	25.24	25.42	25.61
Woodie	22.09	23.36	24.07	25.34	26.05	27.32	28.03
Fibonacci	23.45	24.21	24.68	25.43	26.19	26.66	27.41

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.18	20.84	22.27	23.93	25.36	27.02	28.45
Camarilla	22.86	23.14	23.43	23.71	23.99	24.28	24.56
Woodie	19.08	20.78	22.17	23.87	25.26	26.96	28.35
Fibonacci	20.84	22.02	22.75	23.93	25.11	25.84	27.02

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):	63.81
MACD (12,26,9):	0.3200
Directional Movement:	20.22
AROON (14):	100.00
DEMA (21):	25.27
Parabolic SAR (0,02-0,02-0,2):	23.57
Elder Ray (13):	1.30
Super Trend (3,10):	23.81
Zig ZAG (10):	26.92
VORTEX (21):	0.9800
Stochastique (14,3,5):	73.60
TEMA (21):	25.80
Williams %R (14):	-3.72
Chande Momentum Oscillator (20):	4.00
Repulse (5,40,3):	4.1900
ROCnROLL:	1
TRIX (15,9):	0.0200
Courbe Coppock:	17.92

MA7:	25.66
MA20:	24.52
MA50:	25.06
MA100:	25.88
MAexp7:	25.57
MAexp20:	25.00
MAexp50:	25.08
MAexp100:	25.66
Price / MA7:	+4.56%
Price / MA20:	+9.42%
Price / MA50:	+7.06%
Price / MA100:	+3.67%
Price / MAexp7:	+4.93%
Price / MAexp20:	+7.32%
Price / MAexp50:	+6.98%
Price / MAexp100:	+4.56%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The last news published on FIFTH THIRD BANCORP at the time of the generation of this analysis was as follows:

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

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