FIFTH THIRD BANCORP

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Type:	Stocks
Ticker:	FITB
ISIN:

FIFTH THIRD BANCORP - Daily - Technical analysis published on 08/09/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

11%

50%

39%

My opinion

Bullish above 38.60 USD

My targets

40.80 USD (+2.98%)

42.34 USD (+6.87%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on FIFTH THIRD BANCORP. As long as you are above the support located at 38.60 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 40.80 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 42.34 USD as an objective. Crossing it would then enable buyers to target 45.46 USD. If the support 38.60 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.

Force

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

FIFTH THIRD BANCORP rating 39.62 USD. The price registered a decrease of -0.10% on the session and was traded between 39.40 USD and 39.82 USD over the period. The price is currently at +0.56% from its lowest and -0.50% from its highest.

39.40

39.82

39.62

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

Technical analysis of this Daily chart of FIFTH THIRD BANCORP indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.

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

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

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

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Bearish harami

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	32.18	35.34	38.60	39.62	40.80	42.34	45.46
Change (%)	-18.78%	-10.80%	-2.57%	-	+2.98%	+6.87%	+14.74%
Change	-7.44	-4.28	-1.02	-	+1.18	+2.72	+5.84
Level	Minor	Major	Major	-	Intermediate	Major	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	38.74	39.02	39.34	39.62	39.94	40.22	40.54
Camarilla	39.50	39.55	39.61	39.66	39.72	39.77	39.83
Woodie	38.76	39.03	39.36	39.63	39.96	40.23	40.56
Fibonacci	39.02	39.25	39.39	39.62	39.85	39.99	40.22

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	33.60	36.14	37.84	40.38	42.08	44.62	46.32
Camarilla	38.38	38.77	39.16	39.55	39.94	40.33	40.72
Woodie	33.19	35.93	37.43	40.17	41.67	44.41	45.91
Fibonacci	36.14	37.76	38.76	40.38	42.00	43.00	44.62

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	29.63	32.40	37.37	40.14	45.11	47.88	52.85
Camarilla	40.21	40.92	41.63	42.34	43.05	43.76	44.47
Woodie	30.73	32.95	38.47	40.69	46.21	48.43	53.95
Fibonacci	32.40	35.36	37.18	40.14	43.10	44.92	47.88

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	49.91
MACD (12,26,9):	0.4300
Directional Movement:	-1.21
AROON (14):	-21.43
DEMA (21):	40.63
Parabolic SAR (0,02-0,02-0,2):	41.63
Elder Ray (13):	-0.41
Super Trend (3,10):	42.10
Zig ZAG (10):	39.51
VORTEX (21):	1.0700
Stochastique (14,3,5):	33.02
TEMA (21):	40.29
Williams %R (14):	-64.79
Chande Momentum Oscillator (20):	-1.47
Repulse (5,40,3):	-1.5100
ROCnROLL:	-1
TRIX (15,9):	0.3400
Courbe Coppock:	3.13

MA7:	39.58
MA20:	40.62
MA50:	37.91
MA100:	37.11
MAexp7:	39.79
MAexp20:	39.84
MAexp50:	38.62
MAexp100:	37.07
Price / MA7:	+0.10%
Price / MA20:	-2.46%
Price / MA50:	+4.51%
Price / MA100:	+6.76%
Price / MAexp7:	-0.43%
Price / MAexp20:	-0.55%
Price / MAexp50:	+2.59%
Price / MAexp100:	+6.88%

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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