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 06/06/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

50%

44%

My opinion

Bearish under 37.57 USD

My targets

36.08 USD (-0.74%)

35.69 USD (-1.82%)

My analysis

The bearish basic trend is very strong on FIFTH THIRD BANCORP but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 37.57 USD. Crossing the first support at 36.08 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 35.69 USD as an objective. Crossing it would then enable sellers to target 32.53 USD. Caution, a return to above the resistance located at 37.57 USD would be a sign of a possible consolidation phase of 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.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

3.9

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 36.35 USD. The price registered a decrease of -0.08% on the session with the lowest point at 36.29 USD and the highest point at 36.62 USD. The deviation from the price is +0.17% for the low point and -0.74% for the high point.

36.29

36.62

36.35

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

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this FIFTH THIRD BANCORP chart shows a sharp bearish trend. The signals given by moving averages are 89.29% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a slightly bullish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:

Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish harami cross

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	32.53	35.69	36.08	36.35	36.51	37.57	38.15
Change (%)	-10.51%	-1.82%	-0.74%	-	+0.44%	+3.36%	+4.95%
Change	-3.82	-0.66	-0.27	-	+0.16	+1.22	+1.80
Level	Intermediate	Major	Minor	-	Minor	Minor	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	35.71	35.89	36.14	36.32	36.57	36.75	37.00
Camarilla	36.26	36.30	36.34	36.38	36.42	36.46	36.50
Woodie	35.74	35.91	36.17	36.34	36.60	36.77	37.03
Fibonacci	35.89	36.06	36.16	36.32	36.49	36.59	36.75

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	34.28	34.97	36.19	36.88	38.10	38.79	40.01
Camarilla	36.90	37.07	37.25	37.42	37.60	37.77	37.95
Woodie	34.56	35.10	36.47	37.01	38.38	38.92	40.29
Fibonacci	34.97	35.70	36.15	36.88	37.61	38.06	38.79

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	32.18	33.91	35.67	37.40	39.16	40.89	42.65
Camarilla	36.46	36.78	37.10	37.42	37.74	38.06	38.38
Woodie	32.19	33.92	35.68	37.41	39.17	40.90	42.66
Fibonacci	33.91	35.25	36.07	37.40	38.74	39.56	40.89

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):	47.80
MACD (12,26,9):	-0.0900
Directional Movement:	7.77
AROON (14):	42.85
DEMA (21):	36.31
Parabolic SAR (0,02-0,02-0,2):	36.13
Elder Ray (13):	0.03
Super Trend (3,10):	36.93
Zig ZAG (10):	36.39
VORTEX (21):	0.9700
Stochastique (14,3,5):	54.54
TEMA (21):	36.31
Williams %R (14):	-39.25
Chande Momentum Oscillator (20):	0.09
Repulse (5,40,3):	0.1900
ROCnROLL:	-1
TRIX (15,9):	-0.0400
Courbe Coppock:	0.81

MA7:	36.60
MA20:	37.53
MA50:	36.76
MA100:	35.55
MAexp7:	36.38
MAexp20:	36.43
MAexp50:	36.66
MAexp100:	36.97
Price / MA7:	-0.68%
Price / MA20:	-3.14%
Price / MA50:	-1.12%
Price / MA100:	+2.25%
Price / MAexp7:	-0.08%
Price / MAexp20:	-0.22%
Price / MAexp50:	-0.85%
Price / MAexp100:	-1.68%

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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