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 08/26/2024 (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

78%

17%

My opinion

Bullish above 40.80 USD

My targets

45.46 USD (+7.96%)

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 40.80 USD. The buyers' bullish objective is set at 45.46 USD. A bullish break in this resistance would boost the bullish momentum. 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, 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

8.4

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 price is 42.11 USD. The price registered a decrease of -0.02% on the session and was between 42.08 USD and 42.45 USD. This implies that the price is at +0.07% from its lowest and at -0.80% from its highest.

42.08

42.45

42.11

Here is a more detailed summary of the historical variations registered by FIFTH THIRD BANCORP:

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

Near a new HIGH record (1 year)

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

A technical analysis in Daily of this FIFTH THIRD BANCORP chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	36.87	38.60	40.80	42.11	42.34	45.46
Change (%)	-12.44%	-8.34%	-3.11%	-	+0.55%	+7.96%
Change	-5.24	-3.51	-1.31	-	+0.23	+3.35
Level	Minor	Major	Intermediate	-	Intermediate	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	40.21	40.73	41.43	41.95	42.65	43.17	43.87
Camarilla	41.79	41.90	42.01	42.12	42.23	42.34	42.46
Woodie	40.29	40.78	41.51	42.00	42.73	43.22	43.95
Fibonacci	40.73	41.20	41.49	41.95	42.42	42.71	43.17

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	38.71	39.53	40.83	41.65	42.95	43.77	45.07
Camarilla	41.54	41.73	41.93	42.12	42.31	42.51	42.70
Woodie	38.94	39.65	41.06	41.77	43.18	43.89	45.30
Fibonacci	39.53	40.34	40.84	41.65	42.46	42.96	43.77

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	65.96
MACD (12,26,9):	0.6000
Directional Movement:	18.82
AROON (14):	57.15
DEMA (21):	41.31
Parabolic SAR (0,02-0,02-0,2):	38.28
Elder Ray (13):	1.46
Super Trend (3,10):	39.65
Zig ZAG (10):	42.09
VORTEX (21):	0.9800
Stochastique (14,3,5):	90.95
TEMA (21):	41.29
Williams %R (14):	-10.29
Chande Momentum Oscillator (20):	2.42
Repulse (5,40,3):	0.7200
ROCnROLL:	1
TRIX (15,9):	0.1600
Courbe Coppock:	4.92

MA7:	41.18
MA20:	40.41
MA50:	38.95
MA100:	37.63
MAexp7:	41.24
MAexp20:	40.53
MAexp50:	39.36
MAexp100:	37.74
Price / MA7:	+2.26%
Price / MA20:	+4.21%
Price / MA50:	+8.11%
Price / MA100:	+11.91%
Price / MAexp7:	+2.11%
Price / MAexp20:	+3.90%
Price / MAexp50:	+6.99%
Price / MAexp100:	+11.58%

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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