FIFTH THIRD BANCORP

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Type:	Stocks
Ticker:	FITB
ISIN:

FIFTH THIRD BANCORP - 1H - Technical analysis published on 09/23/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

28%

33%

39%

My opinion

Bullish above 42.34 USD

My targets

43.85 USD (+1.62%)

45.46 USD (+5.35%)

My analysis

The basic bullish trend is very strong on FIFTH THIRD BANCORP but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 42.34 USD. Crossing the first resistance at 43.85 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 45.46 USD as an objective. Caution, a return to below 42.34 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.

Force

4.1

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 43.15 USD. On the day, this instrument lost -0.21% and was between 42.90 USD and 43.64 USD. This implies that the price is at +0.58% from its lowest and at -1.12% from its highest.

42.90

43.64

43.15

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

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 (5 years)

Type : Bullish

Timeframe : Weekly

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

Technical analysis of this 1H chart of FIFTH THIRD BANCORP indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	40.60	41.55	42.34	43.15	43.85	45.46
Change (%)	-5.91%	-3.71%	-1.88%	-	+1.62%	+5.35%
Change	-2.55	-1.60	-0.81	-	+0.70	+2.31
Level	Minor	Minor	Major	-	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	42.35	42.70	42.97	43.32	43.59	43.94	44.21
Camarilla	43.07	43.13	43.18	43.24	43.30	43.35	43.41
Woodie	42.31	42.68	42.93	43.30	43.55	43.92	44.17
Fibonacci	42.70	42.94	43.08	43.32	43.56	43.70	43.94

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	40.22	41.07	42.15	43.00	44.08	44.93	46.01
Camarilla	42.71	42.89	43.06	43.24	43.42	43.59	43.77
Woodie	40.35	41.13	42.28	43.06	44.21	44.99	46.14
Fibonacci	41.07	41.80	42.26	43.00	43.73	44.19	44.93

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	34.24	35.96	39.32	41.04	44.40	46.12	49.48
Camarilla	41.29	41.76	42.22	42.69	43.16	43.62	44.09
Woodie	35.07	36.37	40.15	41.45	45.23	46.53	50.31
Fibonacci	35.96	37.90	39.10	41.04	42.98	44.18	46.12

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):	51.28
MACD (12,26,9):	0.1400
Directional Movement:	8.39
AROON (14):	-92.86
DEMA (21):	43.36
Parabolic SAR (0,02-0,02-0,2):	43.80
Elder Ray (13):	-0.13
Super Trend (3,10):	42.71
Zig ZAG (10):	43.05
VORTEX (21):	1.0700
Stochastique (14,3,5):	10.25
TEMA (21):	43.21
Williams %R (14):	-82.11
Chande Momentum Oscillator (20):	-0.57
Repulse (5,40,3):	-0.2500
ROCnROLL:	-1
TRIX (15,9):	0.0800
Courbe Coppock:	1.14

MA7:	42.79
MA20:	42.11
MA50:	41.18
MA100:	38.91
MAexp7:	43.14
MAexp20:	43.12
MAexp50:	42.68
MAexp100:	42.21
Price / MA7:	+0.84%
Price / MA20:	+2.47%
Price / MA50:	+4.78%
Price / MA100:	+10.90%
Price / MAexp7:	+0.02%
Price / MAexp20:	+0.07%
Price / MAexp50:	+1.10%
Price / MAexp100:	+2.23%

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.

About author

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