FIFTH THIRD BANCORP

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Stocks
Ticker:	FITB
ISIN:

FIFTH THIRD BANCORP - 1H - Technical analysis published on 01/04/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

56%

39%

My opinion

Bullish above 33.67 USD

My targets

34.79 USD (+0.61%)

36.04 USD (+4.22%)

My analysis

FIFTH THIRD BANCORP 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 33.67 USD. The next resistance located at 34.79 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 36.04 USD. After this resistance, buyers could then target 41.61 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.

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

7.3

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.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The FIFTH THIRD BANCORP rating is 34.58 USD. The price has increased by +1.77% since the last closing and was traded between 33.90 USD and 34.65 USD over the period. The price is currently at +2.01% from its lowest and -0.20% from its highest.

33.90

34.65

34.58

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:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of FIFTH THIRD BANCORP indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 10 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

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 horizontal resistance

Type : Bearish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	30.17	31.39	33.67	34.58	34.79	36.04	41.61
Change (%)	-12.75%	-9.22%	-2.63%	-	+0.61%	+4.22%	+20.33%
Change	-4.41	-3.19	-0.91	-	+0.21	+1.46	+7.03
Level	Minor	Intermediate	Intermediate	-	Major	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	33.04	33.43	33.70	34.09	34.36	34.75	35.02
Camarilla	33.80	33.86	33.92	33.98	34.04	34.10	34.16
Woodie	32.99	33.40	33.65	34.06	34.31	34.72	34.97
Fibonacci	33.43	33.68	33.84	34.09	34.34	34.50	34.75

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	33.02	33.50	34.00	34.48	34.98	35.46	35.96
Camarilla	34.22	34.31	34.40	34.49	34.58	34.67	34.76
Woodie	33.02	33.51	34.00	34.49	34.98	35.47	35.96
Fibonacci	33.50	33.88	34.11	34.48	34.86	35.09	35.46

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	23.47	25.98	30.23	32.74	36.99	39.50	43.75
Camarilla	32.63	33.25	33.87	34.49	35.11	35.73	36.35
Woodie	24.35	26.42	31.11	33.18	37.87	39.94	44.63
Fibonacci	25.98	28.56	30.15	32.74	35.32	36.91	39.50

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):	52.82
MACD (12,26,9):	-0.0200
Directional Movement:	-1.94
AROON (14):	-21.43
DEMA (21):	34.45
Parabolic SAR (0,02-0,02-0,2):	33.83
Elder Ray (13):	0.14
Super Trend (3,10):	34.88
Zig ZAG (10):	34.56
VORTEX (21):	1.0100
Stochastique (14,3,5):	65.24
TEMA (21):	34.43
Williams %R (14):	-23.10
Chande Momentum Oscillator (20):	0.61
Repulse (5,40,3):	0.1400
ROCnROLL:	1
TRIX (15,9):	-0.0200
Courbe Coppock:	0.96

MA7:	34.57
MA20:	33.35
MA50:	28.96
MA100:	27.04
MAexp7:	34.50
MAexp20:	34.48
MAexp50:	34.42
MAexp100:	33.78
Price / MA7:	+0.03%
Price / MA20:	+3.69%
Price / MA50:	+19.41%
Price / MA100:	+27.88%
Price / MAexp7:	+0.23%
Price / MAexp20:	+0.29%
Price / MAexp50:	+0.46%
Price / MAexp100:	+2.37%

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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