FIFTH THIRD BANCORP

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Change:	-
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Type:	Stocks
Ticker:	FITB
ISIN:

FIFTH THIRD BANCORP - Daily - Technical analysis published on 01/05/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

50%

44%

My opinion

Bullish above 33.67 USD

My targets

36.04 USD (+2.53%)

41.61 USD (+18.38%)

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 33.67 USD. The buyers' bullish objective is set at 36.04 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 41.61 USD. If there is any crossing, the next objective would be the resistance located at 46.36 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

7.5

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 35.15 USD. On the day, this instrument gained +2.12% and was traded between 34.20 USD and 35.26 USD over the period. The price is currently at +2.78% from its lowest and -0.31% from its highest.

34.20

35.26

35.15

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

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 Daily chart of FIFTH THIRD BANCORP indicates that the overall trend is strongly bullish. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, only 9 technical indicators out of 18 studied are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	31.39	33.67	34.79	35.15	36.04	41.61	46.36
Change (%)	-10.70%	-4.21%	-1.02%	-	+2.53%	+18.38%	+31.89%
Change	-3.76	-1.48	-0.36	-	+0.89	+6.46	+11.21
Level	Intermediate	Intermediate	Major	-	Intermediate	Minor	Major

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	33.25	33.57	34.00	34.32	34.75	35.07	35.50
Camarilla	34.21	34.28	34.35	34.42	34.49	34.56	34.63
Woodie	33.30	33.60	34.05	34.35	34.80	35.10	35.55
Fibonacci	33.57	33.86	34.04	34.32	34.61	34.79	35.07

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):	70.03
MACD (12,26,9):	1.5800
Directional Movement:	20.80
AROON (14):	21.43
DEMA (21):	35.52
Parabolic SAR (0,02-0,02-0,2):	33.40
Elder Ray (13):	0.59
Super Trend (3,10):	32.33
Zig ZAG (10):	35.16
VORTEX (21):	1.1700
Stochastique (14,3,5):	78.80
TEMA (21):	35.61
Williams %R (14):	-3.14
Chande Momentum Oscillator (20):	0.49
Repulse (5,40,3):	4.3400
ROCnROLL:	1
TRIX (15,9):	0.8800
Courbe Coppock:	14.58

MA7:	34.62
MA20:	33.60
MA50:	29.20
MA100:	27.13
MAexp7:	34.56
MAexp20:	33.29
MAexp50:	30.49
MAexp100:	28.67
Price / MA7:	+1.53%
Price / MA20:	+4.61%
Price / MA50:	+20.38%
Price / MA100:	+29.56%
Price / MAexp7:	+1.71%
Price / MAexp20:	+5.59%
Price / MAexp50:	+15.28%
Price / MAexp100:	+22.60%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

Don't forget to follow the news on FIFTH THIRD BANCORP. At the time of publication of this analysis, the latest news was as follows:

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

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